Bloomberg Technology
Powell Says Fed Hasn’t Made Call on Digital Currency
Oct.19 — Federal Reserve Chairman Jerome Powell says it is “more important for the United States to get it right than to be first” when it comes to issuing a digital currency. He speaks on a panel hosted by the International Monetary Fund during its annual meeting.
ANoiNTeD WoN
October 19, 2020 at 5:43 pm
👍
Bahls Deepe
October 19, 2020 at 5:45 pm
Digital Currency = inevitable💯 #CatchUp
Koh Aceng
October 19, 2020 at 5:46 pm
Bitcoin to moon
Alex Reyes
October 19, 2020 at 5:59 pm
Implementing a digital dollar would mean everything would be recorded in a database which would allow central banks to know exactly how much money someone has as well as knowing where those dollars are going. While there are pros and cons, it’s something so unheard of to many people. Yet, China has began its trail on its digital currency with $1.5 million. It’s probable that this could happen in the United States as it can lead governments to oversee absolutely everything in the macroeconomy with the intention of directing its digital currency to struggling sectors in way to promote sustainable GDP growth. It’s looking more and more clear as to why Jack Dorsey, CEO of Square and Twitter and would invest $50 million in bitcoin as well as many countries around the world investing heavily on gold.
Justin
October 19, 2020 at 6:21 pm
Buy physical gold
Shutter Eff3ct
October 19, 2020 at 9:46 pm
Buy of all kinds ?
Ryan Billingsley
October 19, 2020 at 6:31 pm
They 💯% already made a decision
Quant network is working with MIT to create a multi dlt operating system with interoperable cbdc capabilities. $QNT
Giannis Christopoulos
October 19, 2020 at 6:38 pm
Digital currencies are inevitable, like digital payment systems. Technological leaps in general are inevitable. Full technologization of the economy, the state and society is inevitable. In the long run, technology and biology will merge. This artificially selected evolutionary path is inevitable so long as we do not go extinct for some reason.
Duran
October 19, 2020 at 7:41 pm
You will struggle understanding the crypto world if you still believe that Bitcoin is just a currency for payment. Bitcoin is as currency as gold, silver or oil.🤪
So, you need to stop looking at it as a payment regime, and start looking at it as a commodity/asset that works better in storing value and as collaterals; since the underlying technologies that Bitcoin and other alt-coins have brought about (like Blockchain, Smart Contract, DeFi, NFTs…etc) are more influential and have far reaching implications for our future and the global structure.
Fid LaF
October 19, 2020 at 8:48 pm
] Don’t believe all this crap that Bitcoin is ‘digital gold’, or that it will evolve past these scaling issues. It’s not like gold because gold can have low popularity and still have value. Bitcoin needs a lot of popularity to keep it secure. If it loses popularity, miners drop off, it becomes exposed to double-spend, and then sudden catastrophic failure. But they’ll never tell you this, they’ll just keep feeding the Bitcoin hopium to you until you OD on lambo ads.
mrpmj00
October 19, 2020 at 8:47 pm
BITCOIN is toy monopoly money. Better to buy Facebook, and get free Libra (crypto like bitcoin) and eCommerce as icings on the cake.
It’s been 10 years and most people still don’t know or care. It’s like a pet rock.
You cannot take gold, silver, and to a large extent bitcoin into a store and buy food yet.
I bought Amazon, Apple, Nvidia, Facebook, Microsoft, Google, Wells Fargo, CRM, Lululemon, Broadcom (AVGO), Adobe
Metacognition88
October 19, 2020 at 10:44 pm
Lol
ritwik nandakumar
October 20, 2020 at 1:01 am
You didn’t buy Tesla. Sad! Makes me question the merit of your content.
Kayes Ahmed
October 19, 2020 at 9:26 pm
♥️ it