Bart Chilton Doesn’t Think Bitcoin Is a Fraud, Believes It’s Sustainable

Former U.S. Trading Commissioner Bart Chilton has said that bitcoin isn’t a fraud, but that it’s a sustainable currency.

His comments are in response to former Federal Reserve Chairman Alan Greenspan who recently raised concerns about the digital currency’s sustainability. According to Fox Business, Greenspan said:

Human nature is such that if you get something such as Bitcoin, you think there is some value there, whether there is or there isn’t.

Chilton, however, believes in the cryptocurrency. So much so, that he responded by saying:

I do think it’s sustainable, I don’t know if it’s sustainable at these prices. I mean, the only difference is, with Chairman Greenspan is that, you know, people are willing to pay for it and so if they’re willing to pay for it there is a demand.

Critics, though, have spoken out against bitcoin. The most famous is Jamie Dimon, JPMorgan Chase CEO, who said in September that the digital currency was ‘a fraud,’ adding that it was ‘worth nothing.’ […]

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