Hillary Clinton, the former Democratic presidential candidate in the United States of America, has said she fears bitcoin will reduce the value of the dollar as a global reserve currency.
Hillary raised her concerns during a video discussion at the Bloomberg New Economy Forum in Singapore last Friday.
Hillary talked about the ability of bitcoin and crypto to weaken governments, saying: What appears to be an interesting and somewhat bizarre effort to mine new currencies in order to trade with them; It can undermine currencies and undermine the dollar's role as a reserve currency; For destabilizing states, maybe starting with the little ones but much bigger.
Nation-states should pay more attention to the emergence of asymmetric centers of power,' she said.
It is ironic that the threats posed by bitcoin's operation to nation-states are based on decentralization, according to Crypto Horizon.
