““The strength of the U.S. dollar is derived from several important factors, such as faith in government institutions and the legal system, but cryptocurrencies lack these factors,” the report states. But this faith has been tangibly shaken as the world watches the banking system repeatedly fall back on the need for federal action.”

https://bitcoinmagazine.com/legal/what-the-white-house-economic-report-got-wrong-on-bitcoin?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share