Fed's Kashkari: Bitcoin Has No Legitimate Use After a Decade, Largely Used to Skirt Rules

Bitcoin has no legitimate use case in advanced democracies after more than a decade, according to Fed's Kashkari
He compared Bitcoin to Beanie Babies - just a toy some people enjoy owning without actual utility
Kashkari sees Bitcoin mainly used to subvert regulations or for illicit activities
He said Bitcoin is very volatile, putting some consumers investing in it at risk of harm
Kashkari contrasted Bitcoin's decade+ of no use vs. Amazon, which saw ecommerce grow quickly after its 1994 founding