Former Fed Chair Janet Yellen Is 'Not A Fan' of Bitcoin By CoinDesk

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Former Fed Chair Janet Yellen Is 'Not A Fan' of Bitcoin

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Former U.S. Federal Reserve chair Janet Yellen is "not a fan" of bitcoin.

Speaking at the Canada Fintech Forum on Monday, Yellen, who served as chairman of the Board of Governors of the Fed between 2014 and 2018, outlined a number of concerns she has with bitcoin in general and the idea of central bank-issued cryptocurrencies specifically.

Yellen spoke about price volatility, investor risks and the threat of hackings in a five-minute speech, according to a video posted online by Francis Pouliot.

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