[ NOISE ] Are we underestimating the potential threat from BitCoin as it runs up in value? When you ask about BitCoin, I still see the financial stability risks from it as limited. Often risks threatening financial stability rise when there's exposure of the banking system to fluctuating asset evaluations. And I really don't see any significant exposure of our core financial institutions To switch from BitCoin if it's value were to fluctuate. I don't see a threat to our core financial institutions. So undoubtedly there are individuals who could lose a lot of money if BitCoin Were to fall in price, but I really don't see that as creating a full- blown financial stability risk. [ SOUND ]

Janet Yellen Isn’t Worried About Bitcoin

She calls the financial stability risks “limited.”
