Count New York Fed's Dudley Among the Bitcoin Skeptics
Stiglitz Says Bitcoin 'Ought to Be Outlawed'
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Federal Reserve Bank of New York President William Dudley doesn’t share the excitement about bitcoin that has driven the currency to an all-time record.
“In terms of bitcoin, I would be pretty cautionary about it. I think that it’s not a stable store of value,” Dudley said in response to questions at an event in New Jersey on Wednesday. “I would be, at this point, pretty skeptical of bitcoin. I think it’s really more of a speculative activity."