Cryptocurrency Analysis and News Portal
Ben Bernanke, former chairman of the Federal Reserve and also the winner of the 2022 Nobel Prize in economics, has recently blasted the concept of cryptocurrencies. In an interview with Dagens Nyheter, one of the biggest Swedish journals, Bernanke remarked that cryptocurrencies have not proven they have any economic value
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Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse
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"If bitcoin were a substitute for fiat money, you could use bitcoin to go buy your groceries," he said. "Nobody buys groceries with bitcoin because it’s too expensive and too inconvenient to do that." he added, noting how it would be impossible to price something like celery in bitcoin because
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