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Bitcoin is Less Attractive to the Government
Summary: According to dailyhodl, CME Group chairman and CEO Terry Duffy said that Bitcoin is less attractive to the government because of lacking fundamental features. It is not backed by fiat and will prevent the government from running it on a deficit. Fiat-backed coins are stable because it has similar characteristics with traditional money.
According to dailyhodl, CME Group chairman and CEO Terry Duffy said that Bitcoin is less attractive to the government because of lacking fundamental features. It is not backed by fiat and will prevent the government from running it on a deficit. Fiat-backed coins are stable because it has similar characteristics with traditional money.
