Topic: Hillary Clinton: Nation states should pay attention to the rise of crypto - page 3. (Read 360 times)
November 19, 2021, 09:35:35 AM
Not sure how she's so surprised that bitcoin is a threat to the USD; you know, after they like inflated the USD like hell. Of course people are looking for lifeboats. It's like shooting yourself in the foot then blaming your doctor/surgeon.
November 19, 2021, 09:17:01 AM
I wouldn't go so far as looking at this as them being shaken up, I think this is just her trying to be relevant by namedropping something like crypto that's THE thing right now. I think structures of power (governments, financial organizations, tax agencies...) have been taking notice of crypto for a long time now and all this gradual adoption of crypto is a result of years of watching and taking notes on what's going on. I wouldn't go so doom and gloom on USD or any other currency for that matter, I think it would be more in the vain of cohesion between the old concepts in economics and finance and the new concepts.
November 19, 2021, 09:06:29 AM
Today is the third day of the New Economy Forum and the speakers for today include Hillary Clinton and Tony Blair.
For her part, Clinton made mention of cryptocurrency. She urged that nation states should start paying attention to its rise. I don't know how much the former US presidential candidate and secretary of state knows about cryptocurrency but she is definitely briefed about it.
For better or for worse, she interprets crypto-- perhaps she actually meant Bitcoin more than crypto-- as having the potential for undermining not just other less powerful fiat currencies but also the USD itself as the reserve currency.
This to me is a sign that the old order has now been seriously shaken to the core. And rather than opposing that which seriously disrupts the old system, something which they cannot stop, it might actually serve them better if they just embrace and exploit it.
If the USD is now being threatened and the threat is more or less unstoppable primarily because of its decentralized system, it might be prudent to just welcome the threat and make use of it.
What do you think? Will the USD face its eventual demise as a reserve currency due to its own weaknesses and the threat of other growing competitor currencies? Or could it be revived and even made stronger by the adoption of Bitcoin as a potential reserve currency in the future?
Source:
1. https://www.youtube.com/watch?v=OuNhMuEGk0M
For her part, Clinton made mention of cryptocurrency. She urged that nation states should start paying attention to its rise. I don't know how much the former US presidential candidate and secretary of state knows about cryptocurrency but she is definitely briefed about it.
For better or for worse, she interprets crypto-- perhaps she actually meant Bitcoin more than crypto-- as having the potential for undermining not just other less powerful fiat currencies but also the USD itself as the reserve currency.
This to me is a sign that the old order has now been seriously shaken to the core. And rather than opposing that which seriously disrupts the old system, something which they cannot stop, it might actually serve them better if they just embrace and exploit it.
If the USD is now being threatened and the threat is more or less unstoppable primarily because of its decentralized system, it might be prudent to just welcome the threat and make use of it.
What do you think? Will the USD face its eventual demise as a reserve currency due to its own weaknesses and the threat of other growing competitor currencies? Or could it be revived and even made stronger by the adoption of Bitcoin as a potential reserve currency in the future?
Source:
1. https://www.youtube.com/watch?v=OuNhMuEGk0M
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