As cryptocurrencies like Bitcoin (BTC) continue to gain popularity, some advocates suggest they could offer an escape route for the public from the dangers of financial bubbles. Among these advocates is Robert Kennedy, a US presidential candidate, who argued that Bitcoin and other cryptocurrencies operate on a decentralized network less vulnerable to market volatility and government policies.
Bitcoin As An Escape Route For Financial Bubbles
The world of finance is rapidly evolving with the advent of cryptocurrencies, and the US government, in its errant approach to the crypto industry, will launch FedNow. A real-time payment system supported by a version of a central bank digital currency (CBDC).
These digital assets have faced criticism from politicians and private entities in the U.S. Many argue that CBDCs will allow the government to abuse its power and potentially violate citizens’ privacy.
It is not merely “ideal”…
