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Federal Advisory Council on Bitcoin (pages 10-12)
- epaga 12y agoChoice passages: > Bitcoin does not present a threat to economic activity by disrupting traditional channels of commerce; rather, it could serve as a boon. Its global transmissibility opens new markets to merchants and service providers. Driving capital flows from the developed to the developing world should increase consumption > Extreme price volatility is similar to other speculative forms of stored value, undermining Bitcoin’s credibility. This volatility is likely to diminish over time.