Posted by JMOR on December 14, 2017 at 09:40:55 from (66.25.43.103):
In Reply to: Bitcoin questions posted by jocco on December 12, 2017 at 12:16:22:
What she said (you can be judge of her words worth):
Federal Reserve Chair Janet Yellen weighed in on two headline-making financial market stories, sending a caution to investors over bitcoin while shrugging her shoulders at the value of U.S. equities.
In what’s likely to be her last press conference at the central bank, Yellen called the cryptocurrency, which has surged about 17 times in value this year, a “highly speculative asset” and “not a stable store of value.”
On U.S. stocks, which have climbed 19 percent this year, she was more relaxed. “There’s nothing flashing red there, or possibly even orange,” she said."
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