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Dudley, William C. on 2018 February 22 at 10:00

There is a bit of a, I would say, speculative mania around cryptocurrencies in terms of their valuations.

“There is a bit of a, I would say, speculative mania around cryptocurrencies in terms of their valuations, which I view as pretty dangerous because I don’t really see what the actual true underlying value of some of these cryptocurrencies actually is in practice,” Mr. Dudley said. When it comes to the privately issued digital money, “it’s essentially what people think it’s worth, which seems to me somewhat dangerous,” Mr. Dudley said. “I’m a little bit skeptical we actually have this tremendous need for a cryptocurrency in the United States,” he added. Dudley, William C.

Federal Reserve Bank of New York

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