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. Also read: Are 2017’s Network Attacks ”Real” or Are Bitcoiners Growing Paranoid? The Former Master of […]
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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.
Also read: Are 2017’s Network Attacks ”Real” or Are Bitcoiners Growing Paranoid?
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. Alan Greenspan who served as the Federal Reserve’s Chairman from 1987 to 2006 explains on the Fox broadcast “Mornings With Maria” that “bitcoin is what used to be called fiat money.” Greenspan thinks that because bitcoin isn’t backed by a traditional commodity he believes the decentralized currency is very much like unbacked notes issued in the past.