Volcker Might Have Said Yes to a Digital Dollar – If He Knew What It Was

Cryptocurrency

Dick Bove, a five-decade financial-industry analyst for the brokerage firm Odeon Capital, said in a phone interview that Volcker likely would have opposed bitcoin and other digital assets built by independent developers. According to Bove, Volcker believed “central banks should have control of the financial system in a given nation, and it should have control of interest rates and the volume of currency being created, and it should be used to help the country meet whatever goals are needed at any point in time.”

Products You May Like

Articles You May Like

Coinbase market share grows outside US trading hours amid Binance saga: Report
Ethereum team lead sees zero interest from university in collaborating
Ulta Beauty shares pop as sales climb 6%
The investing world reacts to death of Berkshire legend Charlie Munger
Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report

Leave a Reply

Your email address will not be published. Required fields are marked *