Bitcoin can emerge as a 'threat' for the US dollar in the future: - "St. Louis notifies the Fed chief"

He has done an interview with CNBC on Monday, May 14. It is not even deciding on this as a potential 'threat' for the US dollar. This is a top American policy maker who makes most positive comments about Bitcoin.

This St. Louis President's President James Ballard has also identified the positive aspects of cryptocurrency. He talks with CNBC during the Consensus 2018 conference in New York.

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They have said that crypto has facilitated the business which is not otherwise. Some of them are illegal but some of them are avoiding the cost that it would otherwise be there. It means walking around is about cost reduction in business.