Bitcoin Replacing Fiat Could Be A Nightmare: Yanis Varoufakis

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

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

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

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

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

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

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

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

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