Bitcoin Isn’t Currency, Can’t Replace Dollar, Says Incoming New York Fed Chief

Bitcoin and other cryptocurrencies cannot replace the U.S. dollar because they fail the basic test of what a currency should be. That’s what John Williams, the incoming head of the Federal Reserve Bank of New York, insists. “Cryptocurrency doesn’t pass the basic test of what a currency should be,” Williams said on April 20, as reported … Continued The post Bitcoin Isn’t Currency, Can’t Replace Dollar, Says Incoming New York Fed Chief appeared first on CCN

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