Former OCC Official Argues That Crypto Has Backing and Dollar “Mayn’t”

Brain Brooks made this claim in a CNBC Squawk Box interview with Joseph Kernen and it was a response to a statement made earlier by Powell “Bitcoin is essentially a substitute for gold” but “not backed by anything.”

Brooks explains that dollar dollar is at least a 40% less good store of value than it was a year ago and it explains why people are flocking into bitcoin.

They’re backed by underlying network, he said.

Author: mBRzeVZxHo

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