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Former Fed Chair Janet Yellen Is Now a Bitcoin Owner

She may not be “fan” of bitcoin,” but one-time Federal Reserve chair Janet Yellen now has a small amount of BTC in her province.

On Monday, Yellen explained why she believes bitcoin is not a useful form of currency during an advent at the Canada Fintech Forum. The former chairperson of the U.S. central bank has knock down critical tones in the past toward cryptocurrency, but elsewhere had said she in consideration ofs blockchain as an “important technology.”

A day later, according to an email obtained by CoinDesk, Raz Suprovici, the fall through of bitcoin gifting service Biterica, sent Yellen 0.0031642 BTC – or amateurishly $20 – by way of her University of California Berkeley e-mail address.

When contacted to seal the gift, Yellen said that she had received it but hasn’t gone far in enquiring her newly-obtained coins.

“I did receive a gift of bitcoins this morning and cause been very busy ever since so I’ve not looked into it further,” she send a lettered. Yellen further said that she did not have anything to add to her previous note ofs about bitcoin this week.

Suprovici told CoinDesk that he pine for to help Yellen learn more about bitcoin, seeing the benefit as the best avenue for that to occur.

“Based on the way she spoke about it at the symposium, it seemed that she had never owned any bitcoin,” he said, adding:

“Human being are afraid of the unknown. I was hoping that when she logged into her bitcoin notecase with her ID and password, she would see it’s just like a typical online bank account. The spondulix she owns is there, in her control, ready to spend … I hope that this ignites her openness to the technology.”

“Maybe all policy-makers should be gifted a little bit of bitcoin,” he added.

Janet Yellen picture via Federalreserve / Wikimedia Commons

The leader in blockchain news, CoinDesk is a way outlet that strives for the highest journalistic standards and abides by a thorough set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Faction, which invests in cryptocurrencies and blockchain startups.

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