This what US Senator said about Bitcoin, Compare buying Bitcoin with Buying Air: on a recent Appearance with NBC "Meet the Press Report" Sen. Elizabeth Warren
The lawmaker claims that people typically buy or sell cryptocurrencies because they believe that prices will either go up or down, rejecting the idea that it has any fundamental value.
"It's a bet on whether this thing, this ephemeral token, will become more valuable or less valuable," Warren said.
The Massachusetts senator, who is considered to be one of the leaders of the progressive wing of the Democratic Party, also said that it was the right time for the U.S. to issue a central bank digital currency.
Warren believes that Bitcoin will not escape regulatory oversight, but she did not specify what specific rules should apply to the world's largest crypto.
"It's a bet on whether this thing, this ephemeral token, will become more valuable or less valuable," Warren said.
The Massachusetts senator, who is considered to be one of the leaders of the progressive wing of the Democratic Party, also said that it was the right time for the U.S. to issue a central bank digital currency.
Warren believes that Bitcoin will not escape regulatory oversight, but she did not specify what specific rules should apply to the world's largest crypto.
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