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9 Years ago, Alan Greenspan said Bitcoin is a Bubble after 89x price surge to $1,124

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9 Years ago, Alan Greenspan said Bitcoin is a Bubble after 89x price surge to $1,124

Bloomberg requires an account to read it, so here it is:

Former Federal Reserve Chairman Alan Greenspan said Bitcoin prices are unsustainably high after surging 89-fold in a year and that the virtual money isn’t currency.

“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”

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