I do not understand where the backing of Bitcoin is coming from. 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. — Alan Greenspan

Tags: #Money, #Government, #Value, #AlanGreenspan, #American, #Economist

Mini who’s who:

Alan Greenspan : American Economist
Born:  March 6, 1926