A senior fellow at the Peterson Institute for International Economics William Cline, to hold U.S. debt, dismissed the use of bitcoin in response to a caller question on C-Span cable network’s Washington Journal show.

The caller question to the economics expert was if the U.S. has considered using bitcoin to hold some of the national debt, or investing in bitcoin, since it is certainly a trusted concept where there is absolute trust between the parties.

Responding to the question, Cline said that, “Basically, it’s creating artificial money that’s sort of secret money. I don’t think it has any relevance to U.S. assets. It makes no sense at all to hold U.S. assets in bitcoin.” He added saying, “But maybe 10 years from now I’ll be persuaded that maybe that’s not such a bad idea. I don’t think it makes any sense now, though.”

As a part of C-SPAN’s ‘Your Money’ series, the TV program was the last hour of ‘Washington Journal’ which was telecasted each Monday morning and is devoted to a federal program, focusing on its mission, participants and cost.

Also, there was a question on why foreign countries would be interested in purchasing U.S. debt for which Cline replied that, foreign countries need foreign exchange reserves in case they face a crisis like Korea had in 1998. He also added that the U.S. has always made it a goal not to default on its debt.

C-SPAN is an acronym for Cable-Satellite Public Affairs Network. Founded in 1979 by the cable television industry, it is an American cable and satellite television network.