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| Bitcoin is a ‘great asset for central banks,’ economist tells Boom Bust | Bitcoin is a ‘great asset for central banks,’ economist tells Boom Bust |
| (about 1 month later) | |
| The price of bitcoin has fallen back, following a record spike of just above $61,500 over the weekend. RT’s Boom Bust explores what’s driving the cryptocurrency’s surge and whether central banks could hold it as an asset. | The price of bitcoin has fallen back, following a record spike of just above $61,500 over the weekend. RT’s Boom Bust explores what’s driving the cryptocurrency’s surge and whether central banks could hold it as an asset. |
| The hosts are joined by Jeffrey Tucker, of the American Institute for Economic Research, who says, “Central banks can hold anything as an asset, literally anything, and I know that’s pretty much true of the Fed.” | The hosts are joined by Jeffrey Tucker, of the American Institute for Economic Research, who says, “Central banks can hold anything as an asset, literally anything, and I know that’s pretty much true of the Fed.” |
| According to Tucker, bitcoin is “a great asset for central banks” and “it’s probably going to hold its value, as there’s not going to be any new money creation – unlike the fake national currencies that they make.” | According to Tucker, bitcoin is “a great asset for central banks” and “it’s probably going to hold its value, as there’s not going to be any new money creation – unlike the fake national currencies that they make.” |
| “We’re on the verge of seeing a complete discrediting of monetary policy as we once knew it. So, bitcoin is a pretty good bet for central banks at this point. That could actually drive the markets higher,” he added. | “We’re on the verge of seeing a complete discrediting of monetary policy as we once knew it. So, bitcoin is a pretty good bet for central banks at this point. That could actually drive the markets higher,” he added. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |