It was just a matter of time before government officials decided to join the crypto explosion instead of just trying to kill it. Like many behemoths such as government agencies and large corporations, the move is a bit late and extremely slow. One of the reasons behind this turtle pace integration is because many, not all, companies or organizations that become “too big to fail” develop a stubborn and arrogant culture. Some fiat currency creators still believe that cryptocurrencies are nothing but a fad, a means for criminals to execute their operations, and a big scam that will soon collapse. But within government there are players who really see the value and technological innovation behind the blockchain and crypto craze. They are witnessing first hand not only how retail investors are throwing money at Bitcoin and other alt-coins, but they are also learning that billions of institutional dollars are being transferred from traditional investment vehicles such as stocks and bonds to cryptocurrencies. This makes them extremely nervous. Hence, the urgency to get organized and create a global digital dollar.
The Digital Dollar and the Bitconomy
The Digital Dollar and the Bitconomy
The Digital Dollar and the Bitconomy
It was just a matter of time before government officials decided to join the crypto explosion instead of just trying to kill it. Like many behemoths such as government agencies and large corporations, the move is a bit late and extremely slow. One of the reasons behind this turtle pace integration is because many, not all, companies or organizations that become “too big to fail” develop a stubborn and arrogant culture. Some fiat currency creators still believe that cryptocurrencies are nothing but a fad, a means for criminals to execute their operations, and a big scam that will soon collapse. But within government there are players who really see the value and technological innovation behind the blockchain and crypto craze. They are witnessing first hand not only how retail investors are throwing money at Bitcoin and other alt-coins, but they are also learning that billions of institutional dollars are being transferred from traditional investment vehicles such as stocks and bonds to cryptocurrencies. This makes them extremely nervous. Hence, the urgency to get organized and create a global digital dollar.