Former RBI governor says Bitcoin has a place with CBDCs

posted 5 months ago
The former governor of the Reserve Bank of India and former chief economist of the International Monetary Fund, Raghuram Rajan, said Thursday he sees Bitcoin and central bank digital currencies (CBDCs) working alongside each other.

Rajan said “Bitcoin is a little bit like gold. In fact, gold has some value because we value it for jewelry, but [with] Bitcoin you can’t even do that. Nevertheless, it has value because others think it has value… Different private currencies will do different things and it may be Bitcoin has value going forward just as a store of value, or as a speculative asset.”
Tags: opinion, bitcoin