Fed Official Challenges Crypto’s Practicality as AI Revolution Continues

A recent statement by Neel Kashkari, President of the Minneapolis Federal Reserve Bank, has ignited a debate about the future of cryptocurrency. While acknowledging its potential, Kashkari highlighted a key difference between crypto and artificial intelligence (AI): the latter possesses clear, tangible use cases across diverse industries, while crypto struggles to demonstrate real-world utility. 📚 This statement underscores the growing tension in the financial world regarding the adoption and viability of digital assets like Bitcoin and Ethereum.