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Special Alert! President Biden Bans Bitcoin, Institutes Fed Dollar Share Share Gerald Loeb (quoted on p. 149 in “The Maxims of Wall Street”)
But it could happen. Billionaire guru Ray Dalio warned last week that Biden’s Treasury Secretary Janet Yellen will “probably ban Bitcoin” and institute its own digital currency, “Fedcoin.” Yellen has already told the press that she is no fan of a digital currency that is independent of government control. Countries under an authoritarian regime, like India, under Prime Minister Narendra Modi, or the United States, under President Joe Biden, hate to lose control of their currency. Modi has threatened to make the ownership or the mining of Bitcoin illegal in the world’s largest “democracy.” ....