Saturday, May 21, 2022

Hillary Clinton Concerns Cryptocurrencies will weaken the US Dollar

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At the Bloomberg New Economics Forum, former Secretary of State Hillary Clinton discussed cryptocurrencies. Cryptocurrencies, according to Clinton, may be undermining the US dollar’s role as the world’s reserve currency.

“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 them 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.”

Hillary Clinton, the Democratic presidential candidate in 2016, sees cryptocurrency as a direct threat to global money markets. This is the first time Clinton has been so outspoken about cryptocurrencies.

According to an email obtained by Wikileaks in 2016, Clinton’s senior campaign aides opposed accepting Bitcoin donations because they thought it was too liberal.

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