Elizabeth Warren has been busy lately, laying out plans for a tax on the hyper-wealthy and advocating for a $15 dollar minimum wage for the rest of Americans who aren’t in the super-yacht market these days. But she’s also warning that Bitcoin and other cryptocurrencies may not be the path forward for people who aspire to one day be rich themselves.
On CNBC on Tuesday, the Senator from Massachusetts was asked about Treasury Secretary Janet Yellen’s recent comments about Bitcoin, which she said could “end badly for some” because it is inherently speculative in nature. And Warren, who sits on the Senate Finance Committee, agreed with that assessment, to say the least
“I think Janet’s a really smart woman,” Warren said, emphatically, leaving it at that until prompted again to say more. The senator was asked if she felt it was “speculative,” and she then went even further than Yellen, who warned that the market for Bitcoin is highly “speculative.”
“‘Speculative in nature and going to end badly,’” Warren said. “I don’t think Janet left a lot of room for ambiguity.”
Source: Uproxx
