Cryptos Are a Speculative Asset, Powell Says

The video discusses the limited utility of certain assets as a form of payment, highlighting the lack of public interest in using them for transactions. It further explains that these assets are not reliable stores of value but are primarily speculative in nature.

What is the main reason these assets are not widely used as payments?

• They are illegal.

• They are too complex to understand.

• They are too expensive.

• They lack public interest.

Why are these assets not considered a reliable store of value?

• They are too volatile.

• They are not widely accepted.

• They are heavily regulated.

• They are too new.

How are these assets primarily characterized?

• As a government bond.

• As a speculative asset.

• As a stable investment.

• As a legal tender.

What is a key characteristic of speculative assets?

• They guarantee returns.

• They are risk-free.

• They are subject to high volatility.

• They are backed by physical commodities.

Which of the following is NOT a reason these assets are speculative?

• High market volatility.

• Lack of intrinsic value.

• Stable and predictable returns.

• Dependence on market speculation.