Contact Us

Former FDIC Chair: Why We Shouldn’t Ban Bitcoin

Thought Leader: Sheila Bair
December 26, 2017

By Sheila Bair (original source Yahoo Finance)

“The nearly 2000% run up in bitcoin’s (BTC-USD) price over the past year, followed by its recent precipitous drop, is stirring the usual calls to regulatory arms.

Watching a volatile asset bubble (and yes, anything up by 2000% in less than a year is a bubble) can be painful for regulators. They know it’s going to turn. They know people are going to lose a lot of money. But what should they do?

Some argue that bitcoin performs no socially useful function and thus should be banned. But value — like beauty — is in the eye of beholder.”

Click here to read more

Subscribe to the WWSG newsletter.

Check Availability

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Speaker List
Share My List