Johns Hopkins professor says a US Bitcoin reserve = “A stupid idea”

Steve Hanke is a professor of Applied Economics at Johns Hopkins University. On a Bitcoin reserve:

• It diverts weighting and savings into old masters that just, it just sits there and is never invested in bankable projects that actually produce anything and increase productivity in the economy.
• I’m completely opposed to it. I think it’s the stupidest idea

He made the comments during an interview, snippet here if you are interested:

This article was written by Eamonn Sheridan at www.forexlive.com.