U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend?
2022年7月7日 - 7:00PM
NEWSBTC
The talks to allow digital currencies to exist in U.S. economy are
underway. The suggestion is to achieve this by linking
cryptocurrencies to the U.S. dollar. This contemplation took place
on Tuesday at a meeting held by the U.S. Fed. At the meeting, a
panel of speakers stated that the dollar status would gain more
strength with crypto assets in the U.S. economy. Moreover, this
will also give a boost to the digital currency industry. Strength
Of Dollar Could Improve Through Cryptocurrencies The current state
of cryptocurrencies is still posing some level of uneasiness in the
mind of cryptocurrency traders. Many still doubt that the market
will take a bullish turn sooner than later. Considering this, the
panelists thought it wise to mention incorporating these digital
currencies into the U.S. dollar. They believe that this will
improve the status of the dollar and the cryptocurrency community.
The panel added that the rise would be possible as crypto traders
continue to use these digital currencies, particularly the CBDCs.
They stated that the dollar changes would be evident in its role in
the international market. According to the Fed Chair, Jerome H.
Powell, there is a tendency for altcoins and stablecoins to
increase in price. He made this statement last month. This reveals
that the move to link cryptocurrencies to the U.S. dollar has been
in the pipeline. He added that due to the fast growth of these
digital assets, the Federal Reserve is now assessing the use of
CBDCs. Related Reading | Bitcoin Weekly RSI Sets Record For
Most Oversold In History, What Comes Next? The idea behind the
assessment is to know whether or not a CBDC would stand the test of
domestic payment efficiency and safety. In addition, according to
the U.S. Fed’s white paper, a CBDC could contribute positively to
maintaining the international status of the U.S. dollar. CBDCs As
An Improvement To The U.S. Dollar Going further in the discussions
between the panelists, specific questions were addressed. One of
which was whether or not the roles of the dollar can be positively
affected by crypto technology. They concluded that the
technological aspect alone of these digital currencies could not
improve the ecosystem of this globally recognized currency. This
response had a reason backing it up; the ecosystem of these
cryptocurrencies revolves only around retail investors. Also, there
were steps to migrate to institutional investors, but those became
abortive due to the missing regulatory framework. Related Reading
| Bitcoin Monthly Tags Lower Bollinger Band, Tool’s Creator
Hints At Bottom As a result, the US CBDCs will concentrate on
retail sectors. This prevents any threat to the U.S. dollar while
maintaining its international status. However, they also cited that
there are still restrictions on the possibility of using
cross-border CBDCs. Featured image from iStockPhoto, Charts from
TradingView.com
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 4 2023 まで 4 2024