US Treasury Secretary Yellen: Crypto is Not Suitable Option for Retirement
Janet Yellen – an American economist who serves as the 78th US Secretary of Treasure – believes people should not rely on investing in cryptocurrencies as part of their retirement strategy. In her view, the asset class is “very risky,” while Congress should advise broad society about the danger.
The American politician Janet Yellen does not fit the bill as a proponent of the cryptocurrency sector. As such, it is no wonder she warned people who contemplate adding digital assets to their retirement plans that this might not be an appropriate step. Two years ago, she argued that bitcoin and the altcoins could provide certain benefits for the US financial system, but at the same time, they could be used for terrorist financing and money-laundering activities. Shortly after, Yellen labeled BTC as a highly speculative asset inefficient for transactions.
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