Digital dollar would benefit the US economy

The Secretary of the Treasury of the United States, Janet Yellen, assured that the implementation of a digital dollar would be of great benefit to the economy.

In an interview for the New York Times, Yellen also assured that “the Federal Reserve” is studying the possibility of applying its use. “There is a lot to consider when it comes to consumer protection, but it is worth examining.”

On the other hand, the secretary assured that she considers bitcoin an “extremely inefficient” currency, adding the number of times this cryptocurrency has been used in illicit operations.

“It is a highly speculative asset. I am concerned about the potential losses that investors could have”, said the head of the Treasury.

After these statements, bitcoin managed to reach above $ 58,000 at that time, its highest price registered in the digital market until then.

K. Tovar

Source: El economista