Watch: Bitcoin will not become an alternative form of money, says former Fed Chair Ben Bernanke
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CNBC's Andrew Ross Sorkin sits down with former Federal Reserve Chairman Ben Bernanke, author of '21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19,' to discuss whether he believes the U.S. is in for a recession, crypto and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Francisco Gimeno - BC Analyst Even if Bernanke is criticised because he calls BTC as something used only for underground activities etc, as he belongs to the old school and the old paradigm we will say he is somehow right as the crypto market is NOW. When crypto is used more for speculation, has no massive usage and most alt coins don't have a proper foundation and don't offer practical solutions to real problems or use cases we can understand him. That is why we call for a change where crypto is what it should be in the 4th IR financial paradigm, the tool which will really change the way we do finance. Apologies if this is not what you want to hear from us. But if crypto wants to grow, and evolve into what it should be we must affront the reality of what is now and the perspective of what it should be. Finally, BTC is always there, the first and only.