Minneapolis Fed President Neel Kashkari thinks Bitcoin is not a suitable tool to hedge against inflation.
of Bitcoin a real area of use Kashkari said that there is no Bitcoin and that people do not use Bitcoin for shopping. It is also a good hedge against inflation. He said it wasn’t.
Minneapolis Fed President, “I heard it provides an inflation hedge, but when inflation rises, Bitcoin a terrible one It turned out to be an inflation hedge. “Bitcoin got crushed when we raised interest rates.” said.
The person who evaluates the current policies of the central bank says that inflation falling fast and on the fight against inflation “significant progress” He said they recorded it.
Kashkari, cryptocurrencies function He has expressed doubts about him in the past. Fed official, in previous years, “I ask people all the time what problem they are trying to solve, and no one can say what the real problem is.” he said.
Kashkari, Bitcoin and other cryptocurrencies are only available on the exchange. used for speculation he thinks.
The article titled Senior Fed Manager Criticized Bitcoin Again was prepared by Selim Kuşçu and published on koinbulteni.com.