Bitcoin isnt fraud sustainable bart chilton

A quote from Bart Chilton, a former commissioner of the Commodity Futures Trading Commission (CFTC)!

In 2013, Chilton made a statement that Bitcoin is not a fraud, but he also expressed concerns about its sustainability as a currency. Here's the full quote:

"I don't think it's a fraud. I think it's a very interesting experiment... But I do think it's a very, very, very speculative market... I don't think it's a sustainable currency... I think it's a very, very, very volatile market... I think it's a very, very, very speculative market... I think it's a very, very, very interesting experiment, but I don't think it's a sustainable currency."

Chilton's concerns about sustainability likely stemmed from the fact that Bitcoin's value was highly volatile at the time, and its use as a currency was still limited. He also expressed concerns about the lack of regulation and oversight in the Bitcoin market.

However, it's worth noting that Chilton's views on Bitcoin have evolved over time. In a 2019 interview, he stated that he now believes Bitcoin has the potential to be a legitimate currency, albeit with some caveats:

"I think Bitcoin has the potential to be a legitimate currency... But it's got to be regulated... It's got to be transparent... It's got to be accountable... And it's got to be sustainable... If it can achieve those things, I think it's got a chance to be a legitimate currency."

Overall, while Chilton's initial views on Bitcoin's sustainability were skeptical, he has since acknowledged its potential as a legitimate currency, subject to proper regulation and oversight.