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SEC Chairman Recognized Nakamoto’s Innovation, Saying Cryptocurrency Is A highly Speculative Store Of Value
Summary: At the Aspen Security Forum on Tuesday, US Securities and Exchange Commission (SEC) Chairman Gary Gensler talked about his role in teaching the fintech knowledge at the Massachusetts Institute of Technology: "in that work, I came to believe that though there was a lot of hype masquerading as reality in the crypto field, Nakamoto's innovation ...
At the Aspen Security Forum on Tuesday, US Securities and Exchange Commission (SEC) Chairman Gary Gensler talked about his role in teaching the fintech knowledge at the Massachusetts Institute of Technology: "in that work, I came to believe that though there was a lot of hype masquerading as reality in the crypto field, Nakamoto's innovation is real.”
He also mentioned: "I really do think there’s something real about the distributed ledger technology, moving value on the internet... At its core, Nakamoto was trying to create a private form of money with no central intermediary, such as a central bank or commercial bank......Primarily, crypto assets provide digital, scarce vehicles for speculative investment. Thus, in that sense, one can say they are highly speculative stores of value."
By Mary Liu
Tags: Cryptocurrency,Gary Gensler,Satoshi Nakamoto,SEC
Link: SEC Chairman Recognized Nakamoto’s Innovation, Saying Cryptocurrency Is A highly Speculative Store Of Value [Copy]
