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Sheila Bair Says Don’t Buy Bitcoin, It’s at ‘Nosebleed Levels’

  • Volatility ‘gets in the way of its usefulness,’ she says
  • Bair is on board of firm that focuses on stablecoins
Sheila Bair
Sheila BairPhotographer: Christopher Goodney/Bloomberg

Sheila Bair, who was a key banking regulator in the heat of the 2008 financial crisis, says investors should avoid buying Bitcoin.

“Stay away from it,” she said late Wednesday in a Bloomberg Radio interview. “It’s volatile. It’s at nosebleed levels now. We don’t know how sustainable that is.”