In a recent appearance on CNBC, former Federal Reserve Chairman Ben Bernanke voiced his thoughts on whether digital assets could act as an alternate form of money amid the growing concerns of recession and rising prices of energy and food. He said:
Bernanke goes on to caution investors who view Bitcoin as a store of value, noting that the cryptocurrency is a speculative asset and will be subject to “a lot more regulation.” However, renowned crypto advocate Anthony Pompliano quickly stepped forward to defend Bitcoin, slamming Bernanke for being biased.
Pompliano noted that the exec’s views are “factually inaccurate,” debunking the claim that Bitcoin is mainly used for illicit purposes.
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Source: Cryptocurrency - investing.com
