2023 Economic Report key takeaways:

1. The US gov does recognize the benefit of being able to exchange money without a third party intermediary as an incentive of Bitcoin

2. The government makes the claim Bitcoin is not a viable money due to its volatility referencing a 1000% increase in price in relation to usd to in 2021 and a 70% decrease in 2022. Failing to understand that is still substantial increase in value.

3. The government set the stage in the report for the creation of a cbdc stable coin system named FedNow which will allow peer to peer transactions but only through current financial institutions. this will be release “Later in 2023.”

4. The new FedNow system will permit for only domestic markets but not for anything else. This means the stable coin will still be highly centralized and will allow the gov’t to continue to maintain it’s ability to create new money as well as their imperialist powers by preserving the ability to sanction countries and projects which are not in accordance to the governments political agenda.