Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities – Featured Bitcoin News

5/17/2022 3:02:00 AM

Former Federal Reserve chairman Ben Bernanke says #bitcoin is mainly used for things that are illegal or illicit. #crypto #cryptocurrency $BTC

Former Federal Reserve chairman Ben Bernanke says bitcoin is mainly used for things that are illegal or illicit. crypto cryptocurrency $BTC

Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is 'mostly for underground economy activities and often things that are illegal or illicit.'

45 seconds ago Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.The Livingston County Sheriff’s Office in Missouri reports Jennifer Anne Hall, 41, was arrested by authorities in Kansas on Thursday..Former U.

” He added, “I don’t think bitcoin is going to take over as an alternative form of money.” Ben Bernanke on Bitcoin, Cryptocurrency Former Federal Reserve chairman Ben Bernanke shared his view on bitcoin and other cryptocurrencies in an interview with CBNC Monday.Hall,” the sheriff’s office wrote on its social media.Bernanke is an economist who served two terms as the chairman of the U.S.During her employment, the rate of cardiac collapse incidents “rose alarmingly,” according to authorities.Federal Reserve, from 2006 to 2014."He’s facing up to five years in federal prison, and when you decide to go to trial, you also lose all of the benefits that the federal code has to offer for someone that’s cooperating with the government," Tolman said on Fox News.

He oversaw the Fed’s response to the late 2000s financial crisis during his tenure as chairman.Court documents stated that from those 18 cases of cardiac collapse, nine people died.Noting that the values of bitcoin and other cryptocurrencies change minute-to-minute, he said Monday: They’ve been successful as a speculative asset.However, he pointed out that “They were intended to be a substitute for fiat money,” adding that “in that respect, they have not succeeded.When patient Fern Franco was found dead in May 2022, Hall was placed on administrative leave, according to court documents.” He continued: “If bitcoin were a substitute for fiat money, you could use your bitcoin to go buy your groceries.Nobody buys groceries with bitcoin because it’s too expensive and too inconvenient to do that.The extradition process is expected to begin as soon as possible for Hall to be brought back to Missouri, according to the sheriff’s office.Sussmann denies lying to the FBI and has pleaded not guilty.

Moreover, the price of groceries … varies radically day-to-day in terms of bitcoin so there is no stability either.” He opined: The main use of bitcoin is mostly for underground economy activities and often things that are illegal or illicit.Copyright 2022 KCTV via Gray Media Group, Inc.Bernanke further said: I don’t think bitcoin is going to take over as an alternative form of money.Nonetheless, he expects that bitcoin and cryptocurrencies “will be around as long as people are believers and they want to speculate.Most Read.” When asked if is a store of value or digital gold in his opinion, Bernanke insisted that “it is a speculative asset.But once the conviction occurs — and he does have enough evidence," Tolman said.

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Would love to just sit in a room with him along with some smarter people and just bash him with facts. Hey Bennie, should we drop BTC from helicopters? 🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔 Bitcoin is successful, and I believe in it. But as a fiat for small transactions? No I don't think so. 🤣🤣🤣🤣 smile is the best option for those people

Not yet but sure it will! Please safe your money and don't invest now. Market is not only volatile but also capturing small investors by short time fake pump and then liquidate. Plz wait for few weeks. Claro é uma moeda sem fins lucrativo e incorruptível 😉 Another Keynesian, MMT, statist buffoon. Lol the fact that he has to talk about bitcoin shows bitcoin has succeeded.

Seems he earns quite a lot of usdt, I would also like to be rich

Jennifer Hall, former hospital worker, arrested 20 years after patient death investigationA former respiratory therapist who has been charged with first-degree murder stemming from a 2002 case has been taken into custody. Really? The don’t care bear 😭 Considering everything else, were the patients Black?

DogeCoin said: I can !!! LOL U mean like the dollar is usually used for things illegal or illicit what a shock YET. But I am not surprised. FED. Hello? ☺️ The question should be, is fiat succeeded as fiat money alternative ? The system that guarantee need to be bailed out every 10 years. Yap, that's fiat.

And $Dollar is used for what? Fund black ops? Illiegal government Deals, & War & Drugs? And plenty other stuff! Its silly to write and say such thing. And it doesn't make sense to blame BTC or any other cryptocurrencies . It's all money is used for all sort of things. $BTC or $ This is because he himself has never bought Bitcoin and doesn't know that feeling of freedom.

BTC Chart...I see.. This dude should be intelligent (i think so with the job he has done) but if he says Bitcoin is mostly used for 'underground economy' than im really thinking he didn't understand anything.

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Well he’s got that completely wrong. Bravo, whatever your name is Perhaps the problem is precisely that they are defining bitcoin as an alternative to regular money. It's not, it's something else and can still be an asset as long as you approach it with the right mindframe (as an investment, not as another form of fiat).

:))))))))))) Actually there is no internet... Yes. Only $ monopoly in the world to rule the world. They never regulate BTC until aur BTC own by just US But Elrond - egld will Bitcoin is not money Bitcoin is for long-term investment Bitcoin is digital gold The way the internet in 1994 had not disrupted landlines 😏

lol. If he says so, it must be true 💩

Ex-US attorney doubts John Durham expected trial of former Clinton lawyerSpecial counsel John Durham might not have intended to take his case against Democratic cybersecurity lawyer Michael Sussmann to trial, a former federal prosecutor surmised on Sunday.

It is an asset now an alternative to fiat. Bitcoin flunctuate and increase in price. Fiat inflates and remain the same value Yeah he would say that wouldn’t he… Fiat currency being used the most in Underground Economy. yet Fud But now i'm puzzled, why it is even allowed? Such comments are common from a person who affiliated with current financial system. There is a big bias in this comment and have little evidence of claim.

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And cash isn't? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 silly sausage...

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Not true. Lambos are not illegal. Boooo 🤣 Surely people in glass houses shouldn’t throw stones ? The whole current financial system is set up to funnel funds to him and his friends - and that’s called “legal” the fact him and his like are losing control of that system well to him it must be called “illegal”

It should be illegal how governments misuse money printer and create massive inflation for the people Follow me new acaount Trading Crypto currency is creating a DESTRUCTIVE inflation. Therefore, if politicians don't promote tough rules to regulate it, they may lose elections. Electors are revolted because crypto permit people to win millions without creating a single job. .

Yeah, drive that price down as much as u can so u and your buddies can pack your bags... So what an insider banker does when all his banker friends fear competition? Same thing Janet Criminal Yellen did. Shut down Robinhood for hours to save banker friends Billions. SEC criminals JAJAJAJAJAJAJAJAJA WTF

Hundreds Attend Funeral for Former Prison Guard Vicky WhiteDoves were released over her coffin as 200 mourners in Alabama said goodbye to the former prison guard who went on the run for 11 days with her inmate lover. Since when did farewell become a verb Honestly, you're not worth subscribing to. Not even woryh a click to 'follow' on twitter. Your idea of 'far-right is 'they're not liberal; they must be far-right.' As for this story, I'd like to know why she did what she did. Evidently she regretted it, at the end.

And here we go again 🚀 Ohhhh just like fiat.... Whoever gives Bernanke the script to fud BTC should do a better job. This is just the same old narrative. All currencies on this planet are also used for illegal activity, but also for good. Lol Ben Bernanke Like fiat you mean I think it's fair.. Humans have been enjoying life free from illegal or illicit activities for hundreds of years under the fiat system. So the introduction of crypto currency makes our lives more exciting.

You mean like gambling, drug dealers and prostitution? They all take Venmo!!!😎🇺🇸 That will be Monero If you can’t prove it the shut the end of the day we all pay regulated that shit and let’s move on I buy drugs with cash😂

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Give it a rest this line is seriously getting old,how many times an open ledger that everyone can see is no use for illicit activity Like Ukraine ? this is bullshit. The dollar is the world's reserve currency, and with this money drugs are bought and terrorism is financed. for this, people should not do illegal things, it has nothing to do with the payment method.

2018 called, it wants it's FUD back $USD is mainly used for fractional reserve banking, Ben, so maybe pound sand. Bitcoin is moral money. Everyone knows the US Dollar is used in all illegal activities, duhhh.. Meanwhile, Jonathan Levin delivered a very eloquent rebuttal to this FUD to Senator Warren. Will the FUD ever end?

Lol I still don't get this narrative. If I don't want to ever be tracked. I'm using cash. After the 2008 banking crisis, US Federal Reserve chairman Bernanke said 'You can't put a financial firm in jail'. According to criminologist and law professor Bill Black. “The Federal Reserve appears to have made zero criminal referrals.

This is like the Mafia calling you dishonest 😂

Textbook FUD He doesn’t get it at all. The man who had a hand in some of the biggest market chaos and crashes ever!!!! Yeah he knows. It a legal tender So just like paper money is used for both legal and illegal transactions. Don't think cryptocurrency will be any less Criminally misrepresenting Chain analysis data which shows less than 1% is used illicitly unlike the US Dollar . Bernanke is part of the cartel robbing people via the Federal Reserve Act which allows allows private interests to 'sell' money to the world . A criminal in a suit .

As you long as you understand the context..he is a government guy and governments dont like Bitcoin--what else do you expect him to say. 💩 Introduce to the lightning network. oldfart The Grand Wizard of MMT said that?

The USDollar correct? Well that's it - I'm selling. Pour cette raison que les pays alliés ont interdit strictement ,et le monde accuse les mineurs comme des personnes jack Sparrow