Bitcoin, Bullion, & Why 'FedCoin' May Never Happen

Authored by Alasdair Macleod via GoldMoney.com,

The Fed has just released its first public consultation paper on a dollar-based central bank digital currency. For many, central bank digital currencies (CBDCs) are a means of heading off private sector cryptos, but coincidentally the prices of bitcoin and others have collapsed, losing half their value sinc…