Former Greek Minister thinks bitcoin can’t protect us from tyranny.

May 28, 2022

Yanis Varoufakis, former Finance Minister of Greece and Secretary-General of MeRA25, believes bitcoin won’t protect against geopolitical turmoil. 

Bitcoin is often touted as an anti-establishment tool, but the leader of the European left wing party thinks differently. 

“Finding freedom outside of government is a dangerous fantasy,” Varoufakis said in an interview with Kitco News.

The former Greece finance minister thinks if bitcoin replaces conventional currency, it would be a nightmare. 

However, Varoufakis believes blockchain technology will be useful for central banks.

The leader of the European Realistic Disobedience Front is in favor of a European Central Bank Digital Currency. 

“The idea that the supply of money should be independent of politics and of government is… very dangerous.” ~ Yanis Varoufakis.