Hiphop Icon Akon Defends Bitcoin against FUD

Grammy award-winning musician Akon has come out in support of bitcoin, stating that it is neither volatile nor lacks intrinsic value.
The comments appeared during the Breakfast Club, a popular radio show among the New Yorker, wherein Akon was joining as a guest. The hip-hop star confronted questions over bitcoin’s price volatility and how it was not backed by anything. In his response, Akon explained that even government-backed fiat currencies have no intrinsic value, but people use them a