Bitcoin Investment Makes Sense in Current Economic Climate: Former Fed Governor

"I guess if you are under 40, bitcoin is your new gold," Warsh said.

AccessTimeIconJan 6, 2021 at 5:38 p.m. UTC
Updated Sep 14, 2021 at 10:52 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin investing makes sense as part of an investment portfolio in this current economic environment with a weak dollar, former U.S. Federal Reserve Governor Kevin Warsh said during a Squawk Box interview on CNBC.

  • Warsh said part of the current large inflow of funds into bitcoin has come from gold. "I guess if you are under 40, bitcoin is your new gold," the former Fed governor said.
  • “I think that bitcoin does make sense as part of a portfolio in this environment where you have the most fundamental shift in monetary policy since Paul Volcker ... I’m not surprised bitcoin is doing what it is doing,” said Warsh. 

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.