The Federal Reserve was created by an act of Congress in 1913 and a stroke of the pen by President Woodrow Wilson. And the purchasing power of US consumers has never been the same.
Enter Bitcoin, the worldwide cryptocurrency and digital payment system. Currently, 1 Bitcoin equals $4,396.00.
While this looks like a volatility smile, it is not. It does show the erosion of the purchasing power of the US Dollar and the rise of an alternative currency: the cryptodollar.
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Hey, although he signed The Federal Reserve into existance, at least he could pitch!
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