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Crypto can destabilize

Crypto can destabilize nations and undermine the dollar, Hillary Clinton warns the world

Crypto can destabilize nations and undermine the role of the dollar as the world’s reserve currency, Hillary Clinton warns the world about crypto in a panel discussion. Former presidential candidate of the US has asked the nations to pay attention to crypto.

In the last two years, the crypto market has had such a growth rate that no market can achieve. This growth rate is the result of the trust of people and the potential the crypto market contains. This growth of the market has scared many people in the world. They are afraid that this market can undermine their monopoly in the world. Hillary Clinton, a former Democratic presidential candidate, has expressed his concerns about crypto.

 Crypto can destabilize
Hillary Clinton at a panel discussion at the Bloomberg New Economy Forum in Singapore

Crypto can destabilize nations and undermine the dollar:

During a panel discussion at the Bloomberg New Economy Forum in Singapore, the former state Secretary talked about crypto. New challenges, like disinformation and artificial intelligence, that can hurt the future of this world were included in the discussion. Hillary added crypto to this list of potential challenges. She said that crypto can destabilize nations and undermine the dollar. She said:

“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”.

Hillary is not the only one who thinks that crypto can destabilize nations and hurt the US. Former President Donald Trump has also said that he doesn’t like crypto because it challenges the US dollar. There are a bunch of other people holding the big offices who don’t like crypto taking over the dollar. In my opinion, these wealthy people of the wealthy country should look at how crypto is solving a lot of problems of masses from small countries facing restrictions and bans.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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