Bookmarking Crypto Insights
Auto Added by WPeMatico
228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created … Read more
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard predicts the same fate will … Read more
Numerous fiat currencies have failed throughout the centuries, although those developments were influenced by a lot of different reasons. The US Civil War is one of the main culprits for ensuring a lot of currencies failed, although that is not entirely unexpected either. The following currencies met their demise, ordered in order of longevity. #6 … Read more
