• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
U.S. Federal Reserve Chair Janet Yellen Downplays Bitcoin

Janet Yellen, Ex-Federal Reserve Chair, Graciously Accepts Gifted Bitcoin

Emilio Janus by Emilio Janus
5 years ago
in Bitcoin Acceptance, Bitcoin, Bitcoin Charity, Bitcoin Education, Emerging Markets, News, News teaser
0

A Redditor decided to give the notably crypto-skeptic, ex-chair of the Federal Reserve, Janet Yellen, some bitcoin as a gift. Her gracious and open response may surprise some.


Bah, humbug

As chair of the US Federal Reserve between 2014 and 2018, Janet Yellen’s relationship with Bitcoin was as fractious as one would expect. However, even since vacating the post back in February, she has persisted in her negative stance.

Just a few days ago she gave a five-minute speech at the Canada Fintech Forum, espousing her concerns. Or essentially, wheeling out the same old FUD, as reasons to avoid bitcoin. Not the sort of behaviour which might make one think she would enjoy receiving some as a present.

You’ve Got Mail

But that’s exactly what a Redditor called Raz decided to do. He sent 0.0031642 bitcoin ($20), to Ms Yellen, as a promotional stunt for his Biterica bitcoin gifting service.

With Biterica, anyone can send a gift of bitcoin, quickly and simply, to any email address. Custody of the bitcoin remains with Blockchain and/or Coinbase, who hold the wallet containing the gift.

The service was allegedly set up after Raz’s grandmother send a small gift for his daughter with instructions to set up a bank account for her. Realising that bank charges would consume the gift in under a year, Raz invested the money into bitcoin for his daughter instead.

Biterica (and founder Raz) believe that “the best way to teach others about Bitcoin is by gifting them a taste.”

Taste That

Well it seems that the gift worked, both as a taste of bitcoin [coin_price], and as a publicity stunt.

Yellen’s response to the gift was both courteous, and showed an open-mindedness towards bitcoin which has not previously been revealed.

Raz suggested that she “spend [the gift] however you please” and he “hope[d] you reconsider its merits.”

Yellen replied, ‘Thanks so much for the gift! Maybe “to know it” will be “to love it.”‘

Here’s hoping that turns out to be the case. Each doubter’s mind changed is another step forward.

Is Janet Yellen warming to Bitcoin? Share your comments below!


Images courtesy of Shutterstock, Bitcoinist archives

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Emilio Janus

Emilio Janus

Related Posts

Bitcoin

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

5 hours ago
crypto

Crypto Clients In China Targeted As Singapore Expands Money Laundering Probe

1 day ago
Bitcoin shorters

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

1 day ago
TikTok

TikTok Faces Challenge As Elon Musk Crypto Scams Multiply

3 days ago
Bitcoin

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

3 days ago
Binance.US

Binance.US Hit Hard: Trading Activity Tanks 98% Amid SEC Squabble

4 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Crypto Bargains: 5 Tokens Under $1 to Buy Today

    4 hours ago
  • When Crypto Investors Are Fearful, It is Time To Accumulate...

    5 hours ago
  • Dolomite Integrates Chainlink, Stellar to Launch the...

    6 hours ago
  • Shiba Inu Token Burn Skyrockets, Pepe Price Prediction Goes...

    6 hours ago
  • Dogecoin (DOGE) and XRP (XRP) Ride the Bullish Wave of the...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.