Crypto can ‘destabilize nations’ and ‘undermine’ U.S. dollar dominance, Hillary Clinton says

Discussion in 'Crypto Assets' started by Nighthawk, Nov 21, 2021.

  1. Nighthawk

    Nighthawk

    Former Secretary of State points to Russia’s Putin as a crypto threat

    Former U.S. Secretary of State Hillary Clinton on Friday warned nations across the globe to take the growing popularity of cryptocurrencies seriously, because these instruments have the potential to undermine the power of nation states and the role of the U.S. dollar in the global economy.

    “One more area that I hope nation states start paying greater attention to is the rise of cryptocurrency — because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with the has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones, but going much larger,” Clinton said during a panel discussion at the Bloomberg New Economy Forum in Singapore Friday.

    Clinton pointed to the example of Russia as an actor that can use cryptocurrencies and cyber tactics to weaken its geopolitical foes. Russian President Vladimr Putin, she said, has at his disposal “a very large stable of hackers and those who deal in disinformation and cyberwarfare.”

    Experts have questioned whether private cryptocurrencies like bitcoin or public digital currencies like China’s digital yuan will have much effect on the dollar’s status as the world’s reserve currency, though the development of central bank digital currencies might reduce demand for dollars as instruments of cross-border transactions.



    https://www.marketwatch.com/story/c...ar-dominance-hillary-clinton-says-11637332449

    Can you smell what´s coming?
     
    Tokenz likes this.
  2. thecoder

    thecoder

    What about the significance of these facts: there is a "Bitcoin-War" between Miami and New York, as some top politicians wants to make their state/city a “center of the cryptocurrency industry” and "making city a bitcoin hub":
    "
    Democrat Eric Adams wins New York mayoral race on promises of boosting public safety & making city a bitcoin hub
    3 Nov, 2021 10:08
    " https://www.rt.com/business/526961-miami-clean-energy-bitcoin-mining/

    "
    US turns into battlefield for crypto innovation contest as NYC mayor wants to out-bitcoin mayor of Miami
    5 Nov, 2021 08:47
    " https://www.rt.com/business/539432-crypto-ny-miami-out-bitcoin/
     
    Trader Curt, johnarb and 777 like this.
  3. Tokenz

    Tokenz


    The fact that she's scared of it means that she sees the potential and where it can go. This is very bullish news. Now all we need is for her to shut her fat mouth. Thanks for posting
     
    divoc, Trader Curt, Cuddles and 2 others like this.
  4. qwerty11

    qwerty11

    I guess she's long dollars?
     
    johnarb likes this.
  5. oreodips

    oreodips

    Haha I remember reading people in this sub calling crypto a scam. Funny how things change so quickly
     
  6. Pekelo

    Pekelo

    murray t turtle likes this.
  7. %%
    Super strange;
    just how much of those scams show in in bitcon, crypto cr*p.
    Some people actually made money off Bernie Madoff\ sold early......
     
  8. trendo

    trendo

    What's coming?
     
  9. oreodips

    oreodips

    Confirmation bias must be strong to say all this right when OP said, "has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones, but going much larger". The elite surely don't think it's a scam with what they're implying there lol. A scam wouldn't have the power to destabilize currencies and the dollar's reserve status lol.
     
    johnarb and Tokenz like this.
  10. Pekelo

    Pekelo

    Just in: India plans to ban all private cryptos.

     
    #10     Nov 23, 2021