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โ€œโ€œIf a cryptocurrency system were to become prevalent throughout the globe, would that diminish or remove the need for a reserve currency in the traditional sense?โ€ โ€œThings like that are possible. But we really havenโ€™t seen them. We havenโ€™t seen widespread adoption. I mean, Bitcoin is a good example. Really almost no one uses Bitcoin for payments. They use it more as an alternative to gold, really. Itโ€™s a store of value. Itโ€™s a speculative store of value, like gold.โ€ - Jerome H. Powell

Rephrased:

Question: If hyperbitcoinization would occur, would that make the federal reserve obsolete?

Answer, by the chairman of the Fed: Yes.โ€

- #dergigi

#plebchain #btc #bitcoin #bitcoinonly #orangepill #sats #stacksats #hodl

Gm โ˜•๏ธ

#gm #coffeechain #nostr #nostrich #nostrong #grownostr #buildnostr #plebchain #btc #bitcoin #bitcoiner #bitcoinonly #orangepill #sats #stacksats #hodl

Replying to Avatar Z3R0

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