2020-02-14 12:06:43

Kashkari on crypto: Could be useful only after 5 to 20 years

Neel Kashkari, the President of Minneapolis Federal Reserve, in a recent interview, said that crypto can be useful only after 5 to 20 years from now. Today it is just a giant garbage dumpster. These negative views by Kashkari on crypto came after he was interviewed on various aspects of the US economy. Kashkari on crypto Kashkari added to his statement that fiat currency like dollar have value only because only the government has the monopoly of producing it, unlike the cryptocurrencies and the virtual currencies. He referred to these cryptocurrencies as ‘garbage currency’. Kashkari continued that he is relieved

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