Bitcoin ATM co-founder Jeff Berwick spoke with FOX Business Network’s (FBN) Stuart Varney about how Bitcoin functions as digital currency. Berwick said Bitcoin is “really catching on because people are getting a little tired of these central banks.” He went on to explain how Bitcoin works, saying, “This Bitcoin currency is a voluntary decentralized currency, anonymous. It can’t be shut down by anyone, there are no central servers.”
Video and excerpts below:
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On how Bitcoin functions as digital currency:
“America really started to die when the Federal Reserve was founded and it really started to die in 1971 when the gold backing was taken away from the dollar and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really destroying the economy. This Bitcoin currency is a voluntary decentralized currency, anonymous. It can’t be shut down by anyone, there are no central servers. It’s really catching on because people are getting a little tired of these central banks.”
