According To Alan Greenspan, Bitcoin Is ‘Not A Rational Currency’ | CNBC



Former Federal Reserve Chairman Alan Greenspan compares bitcoin to gambling in Las Vegas.
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According To Alan Greenspan, Bitcoin Is ‘Not A Rational Currency’ | CNBC

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58 Thoughts to “According To Alan Greenspan, Bitcoin Is ‘Not A Rational Currency’ | CNBC”

  1. Sol Sol

    Any kind person who can help me follow your success by investing some seed money to a poor individual? Bitcoin donation: 1KqyznBKsmjmaWMcPW9XfQMjMacpsF9frM

  2. anowar hussain

    His central reserve prints money based on absolutely nothing so how dare he says bitcoin is created out of nothing. He and his banksters are the bigges fraud is human history

  3. CBLifeHacks

    $15k right now lol if you just invested 1000 yesterday it went up 20% you made 200

  4. torvald wilkingtonsmith

    Russia China US all ruled by the World Bank IMF BIS Israeli Satanic Masonic Vatican. Space Travel and NASA+T=SATAN are a religion. You're all brainwashed. Wake Up.

  5. swljones123

    This old fool has no idea. He’s so into the older controlled dollars

  6. Stratford1

    Greenspan is a dinosaur. He is absolutely wrong because of the obvious nature of Bitcoin. The tech makes sense and the limited number of btc makes it a great store of value. That said, Greenspan will be extinct one day, while the millennials will rise up and determine what a currency is or is not. HODL BTC, the banks are threatened and want control.

  7. Bullion Forever

    "Not a rational currency". Greenspan? Did you do any studying whatsoever on bitcoin? Bitcoin was created largely based on the 2008 financial crash because of a distrust in fiat currency that can be printed into infinity by the fed.

  8. o o

    Pyramid scheme. The ones that makes money from pyramid schemes are the ones that gets out first. Someone with a lot of money will buy lots of Bitcoins, wait a while and then sell and cause a panic. Me I bought the silver Bitcoins……

  9. Stan Smith

    Another old man yelling at bitcoin.

  10. James Quinn

    Alen Greenspan is a foolish old man. It's amazing how much the mainstream media works with the government and is so blatanly anti crypto currency.

  11. dactylntrochee

    Gee, I just thought of Mr Greenspan this morning; how curious to see him today.

    The thought was about his comment some years ago that "There was a flaw in my model." And what was that flaw? — the fact that CEOs and boards of directors may do things to hurt shareholders! Really? An economist who knows nothing about affinity crimes should stick to playing the saxophone.

    Who steals from immigrants? Long-established Americans whose ethnicity has long lost its "taint"?
    Who steals from real-estate investors? New immigrants?
    Hasidim steal from Hasidim. LDSers steal from LDSers. Kids in grade school know that.

    The public is EXACTLY the people who run publicly traded businesses will target. That is the very soul of affinity crime, which has to account for a pretty large proportion of white-collar crimes. Yet the way the former chairman said it, the flaw was implied to be deeply technical matter for economist/mathematicians. That flaw was about as subtle as not seeing the pedestrian you just killed because you were watching TV while driving.

    So, with that rant out of the way, who can listen to an old person who says that gold, an inedible, not-particularly-rigid, (though admittedly pretty) metal, has value, while a publicly confirmed, permanent record of all business transactions is of NO value?

    Fooey.

  12. MrKaili808

    15k this day!

  13. Cerone Anderson

    No, Alan Greenspan you are irrational and a thief!!!

  14. avalon2199

    Grandpa, you're the old world, please go drink some soup to meditate about your quantitative easing

  15. Robert Stanfield

    At least with block chain, you can see the recorded inflation… not with fiat!

  16. Mr Rooibos TV

    I agree with him. It's insane how perceived value has made the market explode.

  17. Golf Green

    Solar Powered Bitcoin Cloud Mining http://www.c0in.us

  18. Mr T

    What coffin did they dump him out of for this commentary. Didn't this fool have his hands all over the housing market crash. Go back to bed buddy, we got it from here.

  19. Jeff Thayer

    sold off……taking money and running…..no tax….lol

  20. Craig Martindale

    If you want to get $10 worth of free bitcoin use my referral code when you sign up for coinbase. Not a scam, I just want $10 of free bitcoin too!!! https://www.coinbase.com/join/5952e8cb52ad01077396671f

  21. Michshnly

    Alan Greenspan is scared to death of Bitcoin. He's trying so hard to talk people out of buying. You keep thinking the way you are Allen. Cuz it's game over for you.

  22. 78TIQ

    Like the price of gold, right?

  23. Rob 781

    "You cannot tell me that you can create, out of nothing, something which has a medium of exchange value." – the very definition of your own bank's fiat currency, Mr Greenspan.

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    This is true libertarian activism. No riots, just intelligent action.

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    Only a Reptilian would refer to human beings as 'human beings'

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