“Former Federal Reserve Chairman Alan Greenspan told CNBC on Wednesday that bitcoin reminds him of currency issued during America’s Colonial past that ultimately proved worthless. “Humans buy all sorts of things that aren’t worth anything,” Greenspan said. “People gamble in casinos when the odds are against them. It has never stopped anybody.”
Alan Greenspan, Former Chairman, Federal Reserve · Bitcoin since: +475%
As published by CNBC
Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless ↗
A little perspective.
Bitcoin on that day$13,709December 6, 2017
$100 at that price$574.65At our latest price check
Illustrative value using a Bitcoin price of $78,779, checked Oct 29, 2026, 11:12 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Alan Greenspan appears in 2 recorded obituaries. 93 declarations were recorded in 2017.
Keep the receipt.
Bitcoin Is Dead. “Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless” — Alan Greenspan, CNBC, December 6, 2017. Bitcoin: $13,708.99. https://bitcoindeaths.com/posts/2017-12-06-greenspan-compares-bitcoin-to-colonial-america-currency-that-eventually-became-worthless