Greenspan Baffled Over Bitcoin ‘Bubble’: “To Be Worth Something, It Must Be Backed By Something”
GreenspanBaffledOverBitcoin ‘Bubble’: "To Be WorthSomething, ItMust Be BackedBySomething" http://feedly.com/k/1kcE0ZU "Inorderforcurrenciesto be ‘exchangeable’ theyhaveto be backedbysomething," is the remarkably ironic initial comment from none other than debaser-of-the-entirely-fiat-dollar Alan Greenspan when asked about the "bubble in bitcoin," by Bloomberg TV’s Trish Regan. Unable to "identify the intrinsic" backing of Bitcoin (or see bubbles in equity, credit, real estate, or greater fools) Greenspan is, apparently, capable of identifying … Seguir leyendo Greenspan Baffled Over Bitcoin ‘Bubble’: “To Be Worth Something, It Must Be Backed By Something”