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Title : This Is What Fed Chairman Powell Told Congress Nearly Cryptocurrencies
link : This Is What Fed Chairman Powell Told Congress Nearly Cryptocurrencies

This Is What Fed Chairman Powell Told Congress Nearly Cryptocurrencies

Federal Reserve Chairman Jerome Powell

Federal Reserve Chairman Jerome Powell inwards testimony earlier members of Congress on Midweek said that "relatively unsophisticated investors run into the property become upward inwards price, too they think: 'This is great; I'll purchase this.' In fact, at that topographic point is no hope of that."

"There are investor too consumer protection issues equally well," Powell said. The Fed chairman too said cryptocurrencies are non existent currencies because they convey no intrinsic value (as if newspaper coin does).

But bottom line:

• If you lot desire high risk, purchase a grand dollars worth of lottery tickets. 
• Expect novel U.S.A. authorities regulations on cryptocurrencies that volition suffocate the electronic ledgers.

-RW  

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