In a shocking announcement, former Federal Reserve Chair Janet Yellen has flipped bullish on cryptocurrency in 2022. Yellen, who previously expressed skepticism about digital currencies, said that she believes that the potential benefits of cryptocurrencies outweigh the potential risks. She went on to state that cryptocurrency could be a powerful tool for facilitating global payments and for making payments more secure and efficient.
Yellen also argued that with the right regulations in place, cryptocurrencies could be used to reduce costs and increase access to financial services. She emphasized that governments have a role to play in making sure that the use of digital currencies is safe and secure.
Yellen’s comments are sure to come as a surprise to many who had previously seen her as a skeptic of digital currencies. However, her newfound optimism shows that cryptocurrency is here to stay and is likely to become a major force in the years to come.
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