Cryptocurrency and Blockchain: What Is the Federal Reserve Afraid Of?

As the benefits of the new technologies become clear and financial inclusion increases, the ship will have sailed for the Federal Reserve to get fully on board with the new frontier of investing and consumerism. 

“The Fed is in listening mode and hasn’t said much, and the rest of us will wait and see what guidance comes out. But the rest of the world isn’t waiting on the Fed… the rest of the world is seeing value in the second source of monetary sovereignty that disintermediates the Fed…we’ll see how that shakes out,” said Matthew Sigel, Head of Digital Assets Research at VanEck.