Post
Topic
Board Bitcoin Discussion
Re: Federal Reserve Bank Of Boston statement!
by
yazher
on 25/02/2021, 03:51:12 UTC
Here is the statement from the President of the aforementioned Bank....So he is either purposefully missing the point of Decentralisation or he actually doesn't understand the difference between Bitcoin and a bank implemented cryptocurrency?.....
"I would suspect, down the road, that a number of central banks will have digital currency," he said. "When there is a digital currency available, other than the underground economy, it’s not clear why people would use bitcoin."

There's nothing about their digital coin and people might be interested to invest in it but if they have some features that you can convert your BTC to their digital coins, which is stable coins I believe, then that would be helpful for us. we have now another alternative to our existing stable coins. The name Bitcoin underground economy because they cannot access any control of it or they cannot get control of its market. Whatever they say about it, more likely bitcoin will have its positive exposure which makes it more popular than the other coins.