Hillary Clinton Warns Crypto Can 'Destabilize Nations' And 'Undermine Dollar As Reserve Currency'

Former democratic presidential candidate Hillary Clinton spoke about Bitcoin and crypto’s ability to weaken governments during a video panel discussion at the Bloomberg New Economy Forum in Singapore on Friday.

Hillary warned, “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger.”

In describing this rather vague threat to nations and multinational corporations Hillary betrayed the fact that she doesn’t know the difference between Bitcoin and the separate asset class of cryptocurrencies. Many politicians don’t. The terms should not be used interchangeably.