Cryptocurrency Q&A
What did Kashkari say about cryptocurrency?
What did Kashkari say about cryptocurrency?
SolitudeSerenade
Wed Jul 17 2024
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7 answers
1831
As a financial practitioner, I'm particularly interested in understanding the viewpoints of influential figures in the field. Recently, I've been curious about what Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, has said about cryptocurrency. Could you elaborate on his stance? Does he view it as a threat to the traditional financial system, or does he believe it offers opportunities? His perspectives, given his role and position in the central banking system, are surely insightful and deserve closer examination.
7 answers
Sara
Fri Jul 19 2024
Cryptocurrency has garnered much controversy and skepticism in recent years.
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lucas_taylor_teacher
Fri Jul 19 2024
In a speech at the Pacific Northwest Economic Regional Annual Summit in Big Sky, Montana, Kashkari expressed his disdain for the industry, stating that "Cryptocurrency is 95% fraud, hype, noise and confusion."
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SumoPowerful
Fri Jul 19 2024
His comments come as Bitcoin prices hovered around $44,993 on CoinDesk, marking a 2.4% drop on Tuesday.
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EthereumEmpress
Fri Jul 19 2024
Kashkari's viewpoint reflects the broader sentiment among regulators and policymakers towards cryptocurrency.
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AltcoinExplorer
Thu Jul 18 2024
Many have expressed concerns over the lack of regulation, volatility, and potential for misuse in the cryptocurrency market.
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