$BTC #WhiteHouseCryptoSummit #USCryproReserve
The Federal Reserve has been cautious about Bitcoin, primarily due to concerns about its volatility, lack of regulation, and the potential for it to be used in illegal activities. However, they recognize the potential for blockchain technology (which underpins Bitcoin) to be used in financial systems.
The Federal Reserve has also expressed concerns about Bitcoin as a substitute for the U.S. dollar. They are focused on maintaining the stability and integrity of the U.S. financial system, and Bitcoin’s decentralized nature and lack of oversight can present challenges.
