“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview [4] from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”
I suppose Greenspan should know all about bubbles, since he created them when he chaired the FED. And is he truly oblivious to the lack of value behind a fiat currency?
