• About
  • Advertise
  • Privacy & Policy
  • Contact
Cryptos Valuator
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
Cryptos Valuator
No Result
View All Result
Home News

‘Crypto is 95% Fraud, Hype, Noise, and Confusion’ – Minneapolis Federal Reserve President

April 20, 2022
in News
0
‘Crypto is 95% Fraud, Hype, Noise, and Confusion’ – Minneapolis Federal Reserve President
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Neel Kashkari (President and Chief Executive Officer of the Minneapolis Federal Reserve) says that cryptocurrency is not worth much and might be hype. According to the executive, Bitcoin does not have a proper use case.

This was the Federal Reserve President’s statement at the Pacific Northwest Economic Region annual summit. Kashkari stated that he isn’t optimistic about Bitcoin and that he is less interested in it now than six years ago. According to , Bitcoin is “95% fraud and hype, noise, confusion, and noise.”

Many members of the procrypto community believe that Bitcoin and the rest are a hedge against traditional and fiat currencies. These systems have a lot of corruption and control. The Federal Reserve President, however, believes that crypto is less valuable than the U.S. Dollar because it has a monopoly on production. He stated:

The Secret Service will knock on your door if you enter your basement to create your own currency. You can create your own Bitcoin. There are also thousands of garbage coins.

Kashkari also addressed proponents of Bitcoin, who claim that it solves the problems in the traditional system. He said that Bitcoin does not solve any problems other than funding illegal activities such as prostitution.

Previous Post

TP ICAP Launches Crypto ETPs For European Clients

Next Post

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Next Post
BTC and ETH Suffer Further Price Drops Following $110M Liquidation

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Stay Connected test

  • 123 Followers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

June 23, 2021
Newegg Expands Bitcoin Payment Option To 73 More Countries

Newegg Expands Bitcoin Payment Option To 73 More Countries

July 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Enterprise Ethereum Alliance Opens Regional Office In South Korea

August 6, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Black Friday Drags Crypto Market Down, Bitcoin & Ethereum Price Plunges

August 4, 2021
UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

Why is ZCash Price Rising ? | Latest Crypto News

Why is ZCash Price Rising ? | Latest Crypto News

UK Treasury To Seek Input on Taxing DeFi

UK Treasury To Seek Input on Taxing DeFi

May 31, 2023
Bitfarms Hits All-Time High in Hashrate Amid Expansion into Argentina

Bitfarms Hits All-Time High in Hashrate Amid Expansion into Argentina

May 29, 2023
Circle Breaks Boundaries With New Cross-Chain USDC Protocol

Circle Breaks Boundaries With New Cross-Chain USDC Protocol

May 26, 2023
Terraform Labs Co-Founder Do Kwon Charged With Fraud After Arrest

10,000 Bitcoin shifted to Swiss Bank Triggers Do Kwon and TFL Probe by South Korean Prosecutors

May 24, 2023

Recent News

UK Treasury To Seek Input on Taxing DeFi

UK Treasury To Seek Input on Taxing DeFi

May 31, 2023
Bitfarms Hits All-Time High in Hashrate Amid Expansion into Argentina

Bitfarms Hits All-Time High in Hashrate Amid Expansion into Argentina

May 29, 2023
Circle Breaks Boundaries With New Cross-Chain USDC Protocol

Circle Breaks Boundaries With New Cross-Chain USDC Protocol

May 26, 2023
Terraform Labs Co-Founder Do Kwon Charged With Fraud After Arrest

10,000 Bitcoin shifted to Swiss Bank Triggers Do Kwon and TFL Probe by South Korean Prosecutors

May 24, 2023
Cryptos Valuator

Follow Us

Browse by Category

  • Altcoin News
  • Bitcoin
  • Bitcoin News
  • Blockchain
  • Blockchain News
  • Business
  • Coins
  • Cryptocurrency
  • Cryptonews Deals
  • DeFi News
  • Economy
  • Ethereum
  • Ethereum News
  • Events
  • Exchanges
  • General
  • ICOs
  • Industry Talk
  • Markets
  • News
  • NFT News
  • Opinion
  • Press Releases
  • Regulation
  • special site
  • Sponsored
  • World

Recent News

UK Treasury To Seek Input on Taxing DeFi

UK Treasury To Seek Input on Taxing DeFi

May 31, 2023
Bitfarms Hits All-Time High in Hashrate Amid Expansion into Argentina

Bitfarms Hits All-Time High in Hashrate Amid Expansion into Argentina

May 29, 2023
  • Terms & Conditions
  • Privacy Policy

© 2021 Cryptos Valuato

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges

© 2021 Cryptos Valuato