Fed Chairman Bernanke: Bitcoin "May Hold Long-Term Promise"
It's not everyday you get comments from the Federal Reserve chairman Ben Bernanke. Further, it's even rarer to get a comment from the man on Bitcoin. But that's exactly what has happened. The Fed chairman today released a letter ahead of today's Bitcoin hearing, with an interesting statement that Bitcoin "may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system." The letter, which is posted below in its entirety, also notes that the "Federal Reserve has focused primarily on a supervised banking organization's role in the....
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Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.”
Ben Bernanke on Bitcoin, Cryptocurrency
Former Federal Reserve chairman Ben Bernanke shared his view on bitcoin and other cryptocurrencies in an interview with CBNC Monday.
Bernanke is an economist who served two terms as the chairman of the U.S. Federal Reserve, from 2006 to....
Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse and under a mountain of debt with quantitative easing.”
Former Fed Chair Ben Bernanke Wins Nobel Prize in Economic Sciences
The Royal Swedish Academy of Sciences announced Monday that it has decided to award the Sveriges....
Former Federal Reserve chairman, Ben Bernanke, believes the technology behind Bitcoin is interesting, but threats from terrorists make it a problematic payment solution. Anonymity is a "bug," he claims. In an interview with Quartz, published November 19, Ben Bernanke opened up about Bitcoin. "It's interesting from a technological point of view. We're in a world where the payments system is evolving quickly and new approaches to managing payments are proliferating, and some of the ideas around bitcoin will no doubt be useful in doing that," the former Federal Reserve chairman stated. Read....
Former Federal Reserve chairman Ben Bernanke offered both muted praise and criticism when discussing bitcoin in a new interview, suggesting that government oversight of blockchain transactions could counter perceived risks. Speaking toQuartz, Bernanke said that bitcoin is "interesting from a technological point of view", pointing to wider developments in the emerging payments space. "We're in a world where the payments system is evolving quickly and new approaches to managing payments are proliferating, and some of the ideas around bitcoin will no doubt be useful in doing that," he told....
It seems the digital currency Bitcoin is under fire by government officials all around the world. The latest attacks on Paris have led to heavy scrutinization on cryptocurrencies and encryption. With this has comes very vocal proclamations from leaders all around the globe. Despite these vocal opinions, evidence suggests that the Paris attackers never used encrypted messaging, and reports of terrorists using cryptocurrency appear to be false. Ben Bernanke former Federal Reserve chairman feels that Bitcoin isn’t the most stable currency today and may fund terrorism. In his interview with....