🚨🚨🔥 👉 Neel Kashkari from the Fed calls cryptocurrencies 'totally useless' and dismisses stablecoins as a 'mishmash of buzzwords'
The president of the Fed of Minneapolis stated that stablecoins do not surpass Venmo and argued that cryptocurrencies do not pass basic tests in the real world.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, described cryptocurrencies, including bitcoin and stablecoins, as "completely useless" compared to the clear economic potential of artificial intelligence tools.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, described cryptocurrencies, including bitcoin and stablecoins, as "completely useless" compared to the clear economic potential of artificial intelligence tools.
Kashkari argued that stablecoins do not offer significant advantages over existing payment systems like Venmo for American consumers and still face technical and conversion hurdles, especially for everyday purchases. His skepticism contrasts with the Trump administration, which promoted bitcoin and regulated dollar-backed stablecoins as strategic tools to strengthen the global dominance of the dollar and the financial influence of the U.S.
#establecoins #ETH #bitcoin
$BTC
$BNB
$ETH
The president of the Fed of Minneapolis stated that stablecoins do not surpass Venmo and argued that cryptocurrencies do not pass basic tests in the real world.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, described cryptocurrencies, including bitcoin and stablecoins, as "completely useless" compared to the clear economic potential of artificial intelligence tools.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, described cryptocurrencies, including bitcoin and stablecoins, as "completely useless" compared to the clear economic potential of artificial intelligence tools.
Kashkari argued that stablecoins do not offer significant advantages over existing payment systems like Venmo for American consumers and still face technical and conversion hurdles, especially for everyday purchases. His skepticism contrasts with the Trump administration, which promoted bitcoin and regulated dollar-backed stablecoins as strategic tools to strengthen the global dominance of the dollar and the financial influence of the U.S.
#establecoins #ETH #bitcoin
$BTC
$BNB
$ETH