Former FDIC Chair: Bitcoin Policies Shouldn't 'Feed the Frenzy'

Coindesk --------- Sheila Bair, the former chair of the U.S. Federal Deposit Insurance Corporation (FDIC), is arguing bitcoin shouldn't be banned just because it doesn't have "intrinsic value." In an op-ed article published on Yahoo Finance this week, Bair instead contends policies should be in place to protect investors. In the post, Bair elaborated that currency itself was once just like bitcoin — an idea assigned value by societies because people needed a medium to trade and that depended "more on psychology than physical attributes." To learn more click on the picture below to read the article.