Will Bitcoin and cryptocurrencies destabilize entire nations? That’s what Hillary Clinton thinks, sharing her opinion during a speech at the Bloomberg New Economy Forum.
It’s not a secret. Despite exceptions like El Salvador, ready to open Bitcoin City, governments take a dim view of cryptocurrencies. Donald Trump is widely positioned against these digital currencies and his 2016 election competitor, Hillary Clinton, agrees. As the local newspaper reports, the politician was at the Bloomberg New Economy Forum in Singapore. The opportunity to talk about Bitcoin and cryptocurrencies, recognizing their technological importance and the innovations they bring. “I hope nation states start to pay more attention to the rise of cryptocurrencies,” says Hillary Clinton.
[Cryptocurrencies] have the potential to weaken national currencies, weaken the dollar’s role as reserve currencies, and destabilize nations.
But Hillary Clinton adds that these digital assets have “the potential to weaken national currencies, weaken the dollar’s role as reserve currencies, and destabilize nations.” As Le Journal du coin points out, the politician does not explain what upheavals the adoption of cryptocurrencies can bring. Neither the countries possibly affected, even if many inevitably think of the world powers.
This statement, despite the obvious interest in digital assets highlighted by Hillary Clinton, once again proves the elites’ mistrust of still emerging technology.