Lee Reiners – a former employee of the Federal Reserve Bank of New York and currently executive director of Duke University’s Global Financial Markets Center – says he believes Crypto has no cash flow and should be kept out of the banking system.
Lee Reiners believes Crypto is not a real hedge against inflation
Crypto has a lot of critics, and Lee Reiners is one of them. Reiners who is calling for the bitcoin ban has mentioned that Crypto has no intrinsic value and trades solely on sentiments, further stating that digital assets have no fundamentals.
According to Reiners, the current bear market that has plagued the cryptocurrency space is warranted, pointing out that the assertion that crypto is a potent hedge against inflation is erroneous, considering the timing of the crypto market collapse.
Reiners believes that the value of cryptocurrencies, especially Bitcoin, only surged in recent years due in large part to inefficient monetary policies passed across by the Federal Reserve...
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