Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: mskumar on May 16, 2018, 03:51:30 PM
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St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon “interesting,” and how more cryptos being issued all time necessitates keeping an “eye” on them. Mr. Bullard also compared the use case for cryptocurrencies with that of the dollar, and whether the former posed a threat to the latter.
SOURCE:https://news.bitcoin.com/federal-reserve-pres-people-want-dollar-not-volatile-crypto/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications (https://news.bitcoin.com/federal-reserve-pres-people-want-dollar-not-volatile-crypto/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications)
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His attendance is indeed big news and proves that we are finally moving forwards with crypto currencies. It won't compete with the dollar yet but in a few years it might be a different tune
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Yes, cryptos are very volatile, but this is the case for now. If the usage increases in the future, then this volatility will decrease and become more secure. When market volume reaches trillion dollars, everything will be much better