Hillary Clinton says cryptocurrencies could undermine the dollar as a world reserve currency

Hillary Clinton says cryptocurrencies could undermine the dollar as a world reserve currency

Hillary Clinton says cryptocurrencies could undermine the dollar as a world reserve currency By Daily EditorBitcoin

Former US presidential candidate Hillary Clinton spoke about cryptocurrencies in relation to the dollar.

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Former US Democratic candidate and former Secretary of State Hillary Clinton issued a harsh warning about cryptocurrencies. In a virtual intervention at the New Economy Forum of Bloomberg, claimed that crypto could undermine the role of the US dollar as a world reserve currency and destabilize nations.

In this regard, he said:

One more area that I hope nation-states will start paying more attention to is the cryptocurrency boom, because what seems like a very interesting and exotic endeavor to literally mine new currencies in order to trade them has the potential to to undermine currencies, to undermine the role of dollars as reserve currencies, to destabilize nations.

Destabilizing crypto

The New York Times reporter Ben Smith summarizes the policy intervention on Twitter:

“Hillary Clinton, at Bloomberg’s #NewEconomyForum, issues a warning about cryptocurrency:” What seems like a very interesting and exotic endeavor … has the potential to undermine currencies, to undermine the role of dollars as reserve currencies, to destabilize nations. ”.

In the Twitter thread add more words from Clinton: “There is a new layer of activity that could be extremely destabilizing or, in the wrong hands or in alliances with the wrong people, it could be a direct threat to many of our nation states and certainly to the global currency markets,” he said.

To this thread, some crypto advocates responded with humor, given that the fact that “Destabilize nations“Or removing the supremacy of the dollar rather seems appropriate with the philosophy of crypto.

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Clinton and crypto

As it says UToday, This is the first time the former US First Lady has voiced harsh criticism of cryptocurrencies. In September 2018, he simply confirmed that he did not own any Bitcoin by answering a series of quick questions.

However, in 2016 her husband, former President Bill Clinton, had received a BTC from the hands of venture capitalist and technology entrepreneur, Matthew Roszak, who gave the gift to the former president and later published in Twitter the photo of the moment with the caption:

I just gave @BillClinton his first #bitcoin – fostering financial sovereignty …

According to an email posted by Wikileaks In 2016, Hillary Clinton’s top presidential campaign aides scrapped the idea of ​​accepting donations from Bitcoin because they considered it “Too libertarian.” However, in her campaign that year, the candidate expressed support for Blockchain.

Sources: Twitter, Bloomberg, UToday, file

Version of DailyBitcoin

Picture of Unsplash

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