Suze Vs. Janet On Bitcoin

Suze Vs. Janet On Bitcoin

Treasury Secretary Janet Yellen has been sounding the alarms about bitcoin NEW YORK, NEW YORK - FEBRUARY 24: (EXCLUSIVE COVERAGE) Personal finance commentator and author Suze ... [+] Orman surprised the financial world when she proclaimed this week in an interview, "I love bitcoin!" and cryptocurrency. At a conference in late February, Yellen called bitcoin "an extremely inefficient way of conducting transactions" and "a highly speculative asset." She also asserted - without evidence - that she fears "it's often used for illicit finance." Yellen leveled similar charges against cryptocurrency as a whole at her confirmation hearings in January. But to paraphrase a famous 1970s commercial for a now-defunct stock brokerage, when Janet Yellen trash-talks bitcoin, many people in the financial world don't seem to listen. Instead, they are listening to companies like Square SQ , MicroStrategy MSTR , and Tesla TSLA that are putting their cash reserves into bitcoin. And they are listening to analysts from Citi, who say in a new report that "bitcoin is at the tipping point of its existence" and could "become the currency of choice for international trade." And now, ordinary investors are listening to personal finance expert Suze Orman, who told Yahoo Finance in