Bitcoin is a ‘great asset for central banks,’ economist tells Boom Bust
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.”
“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.
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