Mensen willen geen ‘niet-uniforme valuta’ zoals Bitcoin, zegt Fed President

James Bullard, president van de Federal Reserve Bank of St. Louis, seemingly doesn’t understand why many are looking to cryptocurrency as a medium of exchange instead of a uniform currency like the U.S. dollar.

In een interview met CNBC's Squawk Box vandaag, Bullard said the issue for making payments isn’t currencies that can be traded electronically, but rather privately-issued ones, as is the case for many cryptocurrencies. He referenced a time in the United States before the Civil War when there was confusion and a dislike for trading the “equivalent of Bank of America dollars and JPMorgan dollars and Wells Fargo dollars.”

“I think the same thing would occur with Bitcoin here,” said Bullard. "Je wilt niet naar een niet-uniforme valuta gaan waar je Starbucks binnenloopt en misschien betaal je met Ethereum, misschien betaal je met Ripple, misschien betaal je met Bitcoin, maybe you’ll pay with a dollar — that isn’t that isn’t how we do this.”

The Fed president referenced other privately-issued currencies globally which are required to abide by the same restrictions as any currency issued by a central authority. He said private currencies aren’t able to maintain a stable value against goods and other currencies, nor is their future supplyat all clear.

Bullard’s comments came as Bitcoin (BTC) hit a new all-time high price of more than $50,000 deze morgen. Though the Fed president said characterizing the crypto asset as a rival to gold “might be a good way to think about” Bitcoin, he largely reserved his bullish remarks for the U.S. dollar.

“It’s going to be a dollar economy as far as the eye can see and a dollar global economy really as far as the eye can see. Whether the gold price goes up or down or the Bitcoin price goes up or down doesn’t really affect that.”

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Bron: CoinTelegraph

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