Crypto isn’t really an asset like gold, San Francisco Fed president Mary Daly says
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Crypto should be viewed as its own asset class and not lumped in with gold (GC=F) as so often is the case, according to San Francisco Fed president Mary Daly.
“I see crypto as a complicated thing, and the service we need to do for everyone is really unpack what we mean and call it what it is once we’ve done that,” Daly said on Yahoo Finance’s Opening Bid podcast (see video above or listen below). “It can be a currency. It could be a medium of exchange. … It could be a stock — an asset to hold value or sometimes lose value. We just have to define those terms.”
“So I don’t think of it as like gold,” Daly added. “It…
