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Recent comments by Neel Kashkari, President of the Minneapolis Fed, have sparked debate regarding Bitcoin's value and legitimacy. Kashkari's skepticism towards Bitcoin's utility and comparison to 'Beanie Babies' has drawn criticism from the crypto community, questioning his qualifications as a regulator. Despite the growing adoption of Bitcoin by major financial institutions, Kashkari remains unconvinced of its practical use cases.
The president of the #FederalReserve Bank of Minneapolis, #NeelKashkari, has expressed concern about #bitcoin risks. https://t.co/dFqi87FAbJ
“There is no legitimate use case for #bitcoin said by @neelkashkari.” Meanwhile to convince a way out of the GFC, he created TARP with the Treasury Secretary that duped Congress and the American people out of $750 million dollars to bail out … the banks at the taxpayers expense.
It gives me a certain serenity to hear @neelkashkari continue to recycle his “could go to zero; beanie babies; and, no one is buying things with #BTC” talking points when asked about #Bitcoin. It reveals how scripted it all is. As @gladstein suggests, we’ll be able to look back… https://t.co/oVpneJv2au
