'Raise Your Hand If You've Bought Or Sold Something With Bitcoin': Fed Official Reportedly Slams Crypto And Stablecoins As 'Utterly Useless'

Federal Reserve Bank of Minneapolis President Neel Kashkari has expressed skepticism about the value of cryptocurrencies, calling them 'utterly useless'. This statement may impact investor confidence in the cryptocurrency market, potentially leading to a decline in prices. The comments come from a high-profile official, adding weight to the bearish sentiment.