According To Alan Greenspan, Bitcoin Is ‘Not A Rational Currency’ | CNBC



Former Federal Reserve Chairman Alan Greenspan compares bitcoin to gambling in Las Vegas.
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According To Alan Greenspan, Bitcoin Is ‘Not A Rational Currency’ | CNBC

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34 Thoughts to “According To Alan Greenspan, Bitcoin Is ‘Not A Rational Currency’ | CNBC”

  1. "Alan Greenspan ist der Größte" but Bitcoin is Big Leggy.

  2. You can say what you want about Greenspan, but he is a brilliant economist. So he definetly knows what he is talking about.

  3. This old clown 😂 You and this fake elite can't stand the fact that we won't be your slaves anymore. TRX, ADA, XVG, VIBE, LTC, OMG To the moon bih

  4. ‪Buy litecoin and tip LTC to keep me spreading the good word LU23yM9WDQa4X6kCxjVtdxfc3j8zdN9NUj‬

  5. I'm not a fan of Greenspan whatsoever, and I'm not saying there's no money to be made on cryptocurrencies. I believe there still is, actually. But I have yet to hear one rational argument in favor of bitcoin or any other crypto being a legitimate currency in their current state…because one simply does not exist. It's a speculative investment, not a currency. Period. And by definition it cannot be both.

  6. Please keep this guy at home. Alan Greenspan provided nothing different here.

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  8. "You cannot tell me that you can create, out of nothing, something which has a medium of exchange value." – the very definition of your own bank's fiat currency, Mr Greenspan.

  9. Alan Greenspan is scared to death of Bitcoin. He's trying so hard to talk people out of buying. You keep thinking the way you are Allen. Cuz it's game over for you.

  10. If you want to get $10 worth of free bitcoin use my referral code when you sign up for coinbase. Not a scam, I just want $10 of free bitcoin too!!! https://www.coinbase.com/join/5952e8cb52ad01077396671f

  11. sold off……taking money and running…..no tax….lol

  12. What coffin did they dump him out of for this commentary. Didn't this fool have his hands all over the housing market crash. Go back to bed buddy, we got it from here.

  13. I agree with him. It's insane how perceived value has made the market explode.

  14. At least with block chain, you can see the recorded inflation… not with fiat!

  15. No, Alan Greenspan you are irrational and a thief!!!

  16. Gee, I just thought of Mr Greenspan this morning; how curious to see him today.

    The thought was about his comment some years ago that "There was a flaw in my model." And what was that flaw? — the fact that CEOs and boards of directors may do things to hurt shareholders! Really? An economist who knows nothing about affinity crimes should stick to playing the saxophone.

    Who steals from immigrants? Long-established Americans whose ethnicity has long lost its "taint"?
    Who steals from real-estate investors? New immigrants?
    Hasidim steal from Hasidim. LDSers steal from LDSers. Kids in grade school know that.

    The public is EXACTLY the people who run publicly traded businesses will target. That is the very soul of affinity crime, which has to account for a pretty large proportion of white-collar crimes. Yet the way the former chairman said it, the flaw was implied to be deeply technical matter for economist/mathematicians. That flaw was about as subtle as not seeing the pedestrian you just killed because you were watching TV while driving.

    So, with that rant out of the way, who can listen to an old person who says that gold, an inedible, not-particularly-rigid, (though admittedly pretty) metal, has value, while a publicly confirmed, permanent record of all business transactions is of NO value?

    Fooey.

  17. Alen Greenspan is a foolish old man. It's amazing how much the mainstream media works with the government and is so blatanly anti crypto currency.

  18. Another old man yelling at bitcoin.

  19. "Not a rational currency". Greenspan? Did you do any studying whatsoever on bitcoin? Bitcoin was created largely based on the 2008 financial crash because of a distrust in fiat currency that can be printed into infinity by the fed.

  20. Greenspan is a dinosaur. He is absolutely wrong because of the obvious nature of Bitcoin. The tech makes sense and the limited number of btc makes it a great store of value. That said, Greenspan will be extinct one day, while the millennials will rise up and determine what a currency is or is not. HODL BTC, the banks are threatened and want control.

  21. J S

    This old fool has no idea. He’s so into the older controlled dollars

  22. Russia China US all ruled by the World Bank IMF BIS Israeli Satanic Masonic Vatican. Space Travel and NASA+T=SATAN are a religion. You're all brainwashed. Wake Up.

  23. $15k right now lol if you just invested 1000 yesterday it went up 20% you made 200

  24. His central reserve prints money based on absolutely nothing so how dare he says bitcoin is created out of nothing. He and his banksters are the bigges fraud is human history

  25. Any kind person who can help me follow your success by investing some seed money to a poor individual? Bitcoin donation: 1KqyznBKsmjmaWMcPW9XfQMjMacpsF9frM

  26. I agree with him. Bitcoin is not Currency. IT"S GOLD, my old men !!

    1AFrZa44kJcwdY4mNvJ9vfsXnryg1yFiW7

  27. Greenspan, ex-king of the FED Fiat dollar crooks, still acting the imbecil. He should be tried for treason and is no better than a common thief or Bernie Madoff after stealing trillions from us poor working stiffs. I lost everything I owned because of this crooks.

  28. Look at the dollar since the Federal Reserve took over currency in 1913. It’s lost 96% of its value.

  29. I'm confused, is he talking about Bitcoin or the US Dollar?

  30. He sounds salty that they’re losing power over currency

  31. Yet another deceptive title.
    But if you watch this :-
    https://www.youtube.com/watch?v=kANR7NrPzSk
    then you'll hear what else he has to say :-
    At 3:07 :-
    "If you happen to get into Bitcoin early on you create a huge potential market. But its not an accident that virtually all these cryptocurrencies that have some semblence of control with them and the mathematics are correct are doing reasonably well."
    Now have a read of this, Alan Greenspan's 1966 essay "Gold and Economic Freedom".
    In it he says :-
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold."
    And :-
    "The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves."
    Read that phrase again :-
    "ITS NOT AN ACCIDENT that …"
    Go figure what Alan Greenspan really thinks about the present monetary system and Bitcoin.

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