Janet Yellen Isn’t a Fan of Bitcoin

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Janet Yellen, U.S. Pres­i­dent-elect Joe Biden’s nom­i­nee to be trea­sury sec­re­tary, speaks as Biden announces nom­i­nees and appointees to serve on his eco­nom­ic pol­i­cy team at his tran­si­tion head­quar­ters in Wilm­ing­ton, Delaware, U.S., Decem­ber 1, 2020.Leah Mil­lis | Reuter­sTrea­sury Sec­re­tary Janet Yellen issued a warn­ing Mon­day about the dan­gers that bit­coin pos­es both to investors and the public.Despite a sharp slide in price to start the week, the cryp­tocur­ren­cy con­tin­ues to trade above $53,000 as it has received boosts from var­i­ous sources. Elon Musk’s Tes­la recent­ly made a sub­stan­tial pur­chase and has said it will accept bit­coin for transactions.However, …


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