November 17, 2021
Economy

Bitcoin and Crypto Threaten the Dollar and Have Advantages Over CBDCs: Economist Steve Moore

Economist Steve Moore says that crypto assets such as Bitcoin are a threat to the dollar and have advantages over central bank digital currencies (CBDCs).

In a recent interview with Kitco News, Moore says that although he doesn’t think the US dollar will lose its reserve currency status in his lifetime, he believes that crypto is a threat to that status.

 

“But I do think that a real threat – and a welcome threat – to the dollar is these cryptocurrencies, like Bitcoin and so many others. I think this is here to stay. It’s an incredibly positive thing because it’ll have a disciplining effect on these central bankers that feel like they run the world economy.”

When asked about his thoughts on the US government’s role in regulating crypto, Moore says that the government will likely take a tougher stance on Bitcoin.

“Because they’re terrified. What do…

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