RSS Johns Hopkins professor says a US Bitcoin reserve = "A stupid idea"

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 RSS Johns Hopkins professor says a US Bitcoin reserve = "A stupid idea"

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Steve Hanke is a professor of Applied Economics at Johns Hopkins University. On a Bitcoin reserve:

  • It diverts weighting and savings into old masters that just, it just sits there and is never invested in bankable projects that actually produce anything and increase productivity in the economy.
  • I’m completely opposed to it. I think it’s the stupidest idea

He made the comments during an interview, snippet here if you are interested:

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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