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Bitcoin is like the currency of the American Revolution, says Alan Greenspan

Former US Federal Reserve Chairman Alan Greenspan said that Bitcoin can be compared to the currency US. was used during the American Revolution in the middle of the 18th century. In an interview with CNBC, Greenspan claimed that Bitcoin is irrational and will ultimately suffer the same fate as Continental 's currency, which was not backed by a commodity like gold during its time. He added that the currency of war was still used to create "real goods and services", even if it had no real value. He argued that it is the state of Bitcoin today.

"Bitcoin is really a fascinating example of how human beings create value, and is not always rational … This is not a rational currency

Phenomenal Bitcoin Performance

Greenspan's criticism of the value of Bitcoin occurs in the middle of the rising trajectory of the most famous virtual currency price. has earned thousands of dollars in value over the last two days

Based on the price index, the Bitcoin price has reached a record price of over $ 16,000 per chip in recent 24 hours.]

The phenomenal increase in the value of Bitcoin has forced many respected personalities in the financial industry to claim that the Bitcoin market is a bubble. In his commentary, the CEO of JPMorgan, Jamie Dimon, criticized the crypto currency number one as "fraud".

"It's worse than the bulbs of tulips, it's going to end badly."