The Genuine Crypto Critics Who Unintentionally Make It Stronger

Part II - Christine Lagarde & Janet Yellen

You are the hypothetical employee we created on June 1 for the purpose of telling a story through a person’s eyes who is determined to get to financial truths. This is the last week before you share a draft of the next investor alert for crypto. This week is all about crypto critics who have genuine concerns about crypto but nevertheless call it an investment. Yesterday, you started with Elizabeth Warren, Massachusetts Senator and staunch consumer products advocate. Who is next?

As you start your thinking process, you consider what others have been saying about all things Bitcoin. “Well, Bitcoin is being called a currency, right?” Obviously, you have looked at bankers and banks before; Jamie Dimon is infamous for calling Bitcoin worthless. Goldman Sachs was going in that direction as well but later changed course, becoming a Bitcoin supporter. 

“What about central banks?” you wonder. “What about the U.S. Treasury?” Any views on Bitcoin from those institutions?

With that, you have decided on a pair of research subjects for today. Christine Lagarde, President of the European Central Bank and Janet Yellen, an American economist serving as the 78th United States Secretary of the Treasury.