“A Congressional report quietly released last month suggests that bitcoin could be a threat to US monetary policy, and makes the case for continued central banking control.  If bitcoins are substituted for dollars on a more systematic, long-term basis, the situation would change, because it would decrease the need to hold dollars, and increase the supply of fiat money. The danger, according to the report, is that this could reduce the demand for dollars, which would affect the rate of circulation. This would confound things for the Federal Reserve, which effects monetary policy by adjusting the banking system’s available dollar reserves.”

http://www.coindesk.com/congressional-report-warns-bitcoin-threat-dollar/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy