Bitcoin 'not at all' a substitute or complement to fiat, says New Zealand central banker

Central Banks • February 12, 2024, 7:26AM EST
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The Block Illustration by Zoe Ellyse Del Rosario for The Block

Quick Take

  • RBNZ’s Adrian Orr said bitcoin is ‘not at all’ a substitute for or complement to fiat.
  • On stablecoins, Orr said: “They’re only as good as the balance sheet of the person offering that stablecoin.”