Intrinsic value? Without compulsion? Mon(k)ey Puzzle | Things That Make You Go Hmmm… Investment Newsletter | Mauldin Economics

\”I do not understand where the backing of Bitcoin is coming from,\” the former Fed chief said. \”There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it\’s a government or an individual.\”

via Mon(k)ey Puzzle | Things That Make You Go Hmmm… Investment Newsletter | Mauldin Economics.

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