The post Neel Kashkari: Bitcoin Still Worthless After 12 Years appeared first on Coinpedia Fintech News
Federal Reserve Bank of Minneapolis President Neel Kashkari reassured markets, noting that inflation is easing while the labor market remains robust, despite a slight rise in unemployment. He emphasized that increasing unemployment isn’t worth the cost and dismissed concerns about China being a significant competitor or the yuan replacing the dollar as the global reserve currency. Kashkari highlighted the potential of generative AI after two years, reiterating his belief that Bitcoin remains worthless after twelve years in circulation.