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News Link • Bitcoin

Bitcoin Keeping the Fed Up at Night? No, Not Really

•, Mike Mish Shedlock

Here is the line that caught my attention: "St. Louis Fed President James Bullard admitted to Reuters in a recent interview what the real concern was: '(We could) wake up one day and most of the big banks have been eviscerated and most of that activity has moved elsewhere.'"

I tracked that that claim back to the Reuters article Bubble or breakthrough? Bitcoin keeps central bankers on edge by Francesco Canepa.

Canepa made the same statement but did not provide a link.

Business Insider Interview

On October 13, Business Insider interviewed Bullard. BI reported The rise of a new kind of finance is setting off alarm bells at the Fed.

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