Published on November 15th, 2017 | by bitcoin0
“Bitcoin is what used to be called fiat money” says Alan Greenspan, former fed chairman
Just recently the notorious former Federal Reserve chairman Alan Greenspan gave his opinion concerning the rise of bitcoin in 2017.
The 91-year old Greenspan explains that he believes the decentralized currency is very much like the world’s unbacked fiat currencies.
The Former Master of USD Printing Alan Greenspan Says “Bitcoin is What Used to be Called Fiat Money”
Another high profile economist has an opinion concerning the recent interest in bitcoin this year.
Furthermore, it’s not the first time Greenspan has taken issue with bitcoin not being backed or having intrinsic value.
However, unlike the former Federal Reserve Chair Greenspan, Chilton does believe bitcoin could be a sustainable currency if it weren’t so volatile.