Bitcoin to dollar graph
Fed's Dudley "US Dollar Wins"; Bitcoin "Not a Good Store Of Value"
While the volatility of Bitcoin has been considerable, perhaps merely reflective of the early days of a revolution, the fact that the "value experts" at the Fed have pronounced:
- *DUDLEY SAYS BITCOIN 'IS NOT VERY GOOD STORE OF VALUE'
- *DUDLEY SAYS 'U.S. DOLLAR WINS' OVER BITCOIN ACROSS MANY METRICS
..raised an eyebrow or two on our furrowed brows. We thought a look at the following two charts since the inception of Bitcoin and the inception of the Fed would help clarify "value" stability...