{"id":41851,"date":"2021-02-22T22:00:29","date_gmt":"2021-02-22T18:00:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41851"},"modified":"2021-02-23T01:10:06","modified_gmt":"2021-02-22T21:10:06","slug":"yellen-bitcoin-can-be-extremely-volatile","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/yellen-bitcoin-can-be-extremely-volatile\/02\/22\/market-updates\/","title":{"rendered":"Yellen: Bitcoin Can Be Extremely Volatile"},"content":{"rendered":"\n<p>The United States Treasury Secretary Janet Yellen said on Monday that Bitcoin is an inefficient way of conducting transactions, pointing once again to the dangers of speculative trading of the digital currency.<\/p>\n\n\n\n<p>Remarks by Yellen came during an interview with CNBC and in line with her comments last week that the world\u2019s largest cryptocurrency is a highly speculative asset.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cI don\u2019t think that bitcoin \u2026 is widely used as a transaction mechanism.\u201d<\/p><p>\u201cTo the extent it is used I fear it\u2019s often for illicit finance. It\u2019s an extremely inefficient way of conducting transactions, and the amount of energy that\u2019s consumed in processing those transactions is staggering.\u201d<\/p><p>\u201cIt is a highly speculative asset and you know I think people should be aware it can be extremely volatile and I do worry about potential losses that investors can suffer.\u201d<\/p><p>\u201cI think it could result in faster, safer, and cheaper payments, which I think are important goals.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The United States Treasury Secretary Janet Yellen said on Monday that Bitcoin is an inefficient way of conducting transactions, pointing once again to the dangers of speculative trading of the digital currency. Remarks by Yellen came during an interview with CNBC and in line with her comments last week that the world\u2019s largest cryptocurrency is &hellip;<\/p>\n","protected":false},"author":10,"featured_media":41450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904],"class_list":["post-41851","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41851"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41851\/revisions"}],"predecessor-version":[{"id":41852,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41851\/revisions\/41852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/41450"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}