Janet Yellen: Bitcoin is a ‘highly speculative asset’

Published December 13, 2017 8:11pm ET



Outgoing Federal Reserve Board Chair Janet Yellen said Wednesday that bitcoin is a “highly speculative asset,” and downplayed its supposed role as a currency.

“Bitcoin at this time plays a very small role in the payment system,” she said at her final press conference in Washington. “It is not a stable store of value, and it doesn’t constitute legal tender.”

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