He's paraphrasing Alan Blinder's 1995 testimony in the context of the history of virtual currencies. It is more accurate to say, "In 1995, Alan Blinder stated

He's paraphrasing Alan Blinder's 1995 testimony in the context of the history of virtual currencies. It is more accurate to say, "In 1995, Alan Blinder stated that virtual currencies hold long-term promise, particularly if..." My larger point is that whenever you see the Bernanke "bitcoin statement," it implies that he is a Bitcoin advocate. He may very well be a Bitcoin fanboy in his private life, but there is not public evidence that this is true.