On December 16, Fed’s Bullard said “Bitcoin posed no threat to the dollar as the world’s currency leader.

St. Louis Federal Reserve President, James Bullard, told that he believes cryptocurrencies do not pose a serious threat to the U.S. financial _. “Stablecoins can certainly be a useful, efficient, consumer-serving part of the financial _ if they_re properly regulated," Jerome Powell said. The news soon caused Bitcoin to rise to 49,462 US dollars, which was even close to 50,000 US dollars. Jerome Powell_s remarks were reported to be the latest view of the Biden administration on cryptocurrency.