berachain

Minneapolis Federal Reserve President Neel Kashkari — who once likened Bitcoin to Beanie Babies — landed in hot water again after perpetuating a claim that crypto is only useful for “buying drugs” or “other illegal activities.”

Speaking at a Wisconsin Town Hall event hosted by the Chippewa Falls Area Chamber of Commerce, Kashkari claimed “very few transactions were actually happening” in crypto, adding: 

“They’re not paying for goods and services using crypto [...] It almost never happens unless people are buying drugs or other illegal activities.”