Archive: fiat system


Trump Gets Defensive About the Dollar

By Adam Sharp on July 12, 2019

It’s been a very interesting 24 hours in the crypto world. First, we had Fed Chair Jerome Powell testifying about crypto before Congress. He called for a halt to Facebook’s Libra stablecoin project and had some very interesting things to say about bitcoin. When asked whether crypto is a threat to the dollar’s status as world reserve currency, Powell said the following (emphasis mine): Things like that are possible, but we really haven’t seen…