If the fed’s putting out a form of electronic money - that’s the opposite of bitcoin... and true crypto currencies. The advantage of a cryptocurrency is if the dollar crashes and burns it’s a safe haven. A fed version is nothing more than traceable spending...more control for the fed - props up reserve currency status and fails when the dollar fails.
The advantage of a cryptocurrency is if the dollar crashes and burns it’s a safe haven.
Seems to me that Bitcoin has gone down substantially over past couple weeks—and there was no dollar crash. So how does Crypto retain its value in a crash?
Sincerely want to understand this.
Thanks!