The Federal Reserve Bank of Chicago praised Bitcoin too, in 2013: https://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cfldecember2013

The Federal Reserve Bank of Chicago praised Bitcoin too, in 2013: https://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cfldecember2013_317.pdf https://www.chicagofed.org/digital_assets/publications/chica... Key quotes: «Bitcoin is an elegant implementation of a digital currency, but can it truly rival or replace existing currencies?» «it represents a remarkable conceptual and technical achievement, which may well be used by existing financial institutions (which could issue their own bitcoins) or even by governments themselves.» «At the time of this writing, the average worth of a bitcoin over the previous six months had been a little over $100» (up 42× since then: $4,200) «Bitcoin solves two challenges of digital money—controlling its creation and avoiding its duplication—at once.»