(HedgeCo.Net) When Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said crypto has been around “for more than a decade” and is “utterly useless,” he wasn’t just tossing out a spicy soundbite. He was signaling—plainly—that a meaningful faction within the U.S. central banking system still views the core crypto thesis as unproven, redundant, and potentially destabilizing if it scales in the wrong way.
For markets that have spent years trying to price in “institutional adopt...
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