Published on May 15th, 2018 | by bitcoin0
St. Louis Fed Chief warns that bitcoin may threaten US dollar in the future.
A top US policy maker made mostly positive remarks about Bitcoin, also not ruling it out as a potential “threat” to the US dollar, in an interview with CNBC Monday, May 14.
Speaking to CNBC on the sidelines of the Consensus 2018 conference in New York Monday, St. Louis Fed president James Bullard also identified positive aspects of cryptocurrency, namely revolving around cutting costs in trade.
He stated that crypto is “facilitating trade that would not otherwise occur.
And there are different parts of the Fed that look at all kinds of applications of blockchain technology.
The comments continue the trend of general crypto support from the St. Louis Fed.