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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"maykocan",<br>"permlink":"can-bitcoin-pose-a-threat-to-the-dollar-in-the-future",<br>"title":"Can Bitcoin pose a threat to the dollar in the future ?",<br>"body":"One of the top policymakers in the US has had positive comments about Bitcoin. He also said in an interview with CNBC on May 14th that he does not see the assets as a threat to the dollar when the potentials are examined.\n\nSpeaking at CNBC's session at the Consensus 2018 conference,<br> Louis Fed President James Bullard also mentioned the positive aspects of crypt money. On the other hand,<br> crypto-currencies generally emphasized the ability to reduce costs in trade. He also mentioned that Crypto money makes trading a lot easier,<br> while some say that some of them are illegal,<br> but in some cases the cost-reducing factor should not be ignored.\n\n**St. Louis Fed president does not see Bitcoin as a threat to dollar at this time**\n\nWhen asked if Bitcoin posed a threat to the US dollar,<br> Bullard voiced the uncertainty about the potential competition that the leading crypto currency could create:\n\nI do not think it poses a threat at this point. But nobody knows what your future will bring. My idea is that there is a lot of foreign exchange competition.\n\nThe dollar continued to prevail as follows:\n\nIf we look at the dollar history,<br> we can say that it is a winning currency. Because the world's largest economy is supported by a relatively stable policy in terms of currency and low inflation. And it's not that easy to beat. But there is a fact that many people want to beat the dollar.\n\nRegarding the topic of Blockchain,<br> Bullard spoke much more openly,<br> saying:\n\nWe think Blockchain technology is very interesting. As this technology evolves further,<br> we want to be more detailed and relevant about this sector.\n\nHe also answered a question about whether the Fed would consider exporting its own cryptographic currency:\n\nWe can certainly accept this as a possibility. And the Fed's Blockchain technology has different parts that deal with every kind of application. But I can not say there is any plan at this point.\n\nComments from the Fed president,<br> St. Louis shows that the Fed generally supports crypto shines. In January this year,<br> the FED published a study entitled \"A Brief Introduction to the Crypto World\". In this research,<br> it is estimated that Bitcoin and subcoins will be \"possible\" as \"their asset classes\".\n\n\n![U5du2A6jcYDNX5bgRFFpxcnZ9XhMoRS.gif (https:\/\/gateway.ipfs.io\/ipfs\/QmRozUvXh9EaNPooV19XkDSQ5AtJwUoDeEeRpz5USQoNdN)\n",<br>"json_metadata":" \"community\":\"busy\",<br>\"app\":\"busy\/2.4.0\",<br>\"format\":\"markdown\",<br>\"tags\":[\"bitcoin\",<br>\"crypto-news\",<br>\"life\",<br>\"busy\",<br>\"cryptocurrency\" " | | vote | "voter":"maykocan",
"author":"maykocan",
"permlink":"can-bitcoin-pose-a-threat-to-the-dollar-in-the-future",
"weight":10000 |
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