1 vote

Greenspan thinks Bitcoin is a Bubble... But what does he know about Bubbles...?

He explains "For a currency to be exchangeable it has to be backed by something"... And he talks about how the US dollar was backed by gold. He goes on to say "But alternatively, currencies are backed by the issuer of the currency." Im confused and I think Mr Greenspan is as well...

http://www.bloomberg.com/video/greenspan-on-bitcoin-i-guess-...