Crypto Carnage Continues As The Fed Warns Digital Currencies Could "Pose Serious...
• zerohedge.com by Tyler DurdenUpdate: Bitcoin and Ethereum are holding at the lows of the day, but following ECB comments earlier (see below), The Fed's vice chariman of supervision, Randy Quarles, warns that digital currencies like bitcoin pose "serious financial stability issue
If any of the billionaire, Bilderberg people seriously feared Bitcoin, the thing they would do is buy up all the bitcoins. They would get together, and do it in organized fashion, so none of them would bear too much of the burden. Sure, the price would go up, but as the price went up, these people wouldn't lose any value. So what if a few Bitcoin miners or other people become rich off this move? If the Bilderbergers never sold, most of the bitcoins would eventually go to them. Bitcoin would never become a serious currency. The point is, either Bitcoin is something the wealthy need not fear, or the smart money people, the Bilderbergers, are "dumber" than we thought.