Former Federal Reserve Governor Thinks Bitcoin Makes Sense in Current Environment

Former Federal Reserve Governor Thinks Bitcoin Makes Sense in Current Environment

By Abhimanyu Krishnan | News | 7 Jan 2021


Former United States Federal Reserve Governor Kevin Warsh believes that Bitcoin "makes sense" in the current economic situation, particularly to younger investors. Warsh was interviewed on CNBC’s Squawk Box on Jan. 6.

  • When asked whether he was “on board” with Bitcoin, Marsh says that “Bitcoin makes sense in this environment”, stressing the current global economic climate as being a driving factor in its adoption
  • He also made a comment that echoed the narrative of Bitcoin as digital gold, saying "If bitcoin never existed gold would be rallying even more right now, but I guess if you are under 40 bitcoin is your new gold"
  • The former Federal Reserve governor also pointed to current monetary policies as being behind the growth of different assets
  • Marsh served as Federal Reserve Governor under Presidents Bush and Obama, from 2006 to 2011
  • JPMorgan Chase has also commented on Bitcoin’s threat to gold, offering a price target of $146,000

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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