{"id":460,"date":"2021-11-22T05:50:31","date_gmt":"2021-11-22T05:50:31","guid":{"rendered":"https:\/\/wordpress-596623-2274183.cloudwaysapps.com\/?p=460"},"modified":"2021-11-22T05:50:31","modified_gmt":"2021-11-22T05:50:31","slug":"bitcoin-threatens-to-take-power-from-the-u-s-federal-reserve","status":"publish","type":"post","link":"https:\/\/www.thinkfinanceinc.com\/bitcoin-threatens-to-take-power-from-the-u-s-federal-reserve\/","title":{"rendered":"Bitcoin Threatens To ‘Take Power’ From The U.S. Federal Reserve"},"content":{"rendered":"\n
Bitcoin<\/strong>, which has roared back over the last few weeks after what many feared was a terminal decline since its peak in late 2017, has long been called a threat to the existing financial system and the central banks that run it\u2014though these claims have in the past been largely fringe ideas.<\/p>\n\n\n\n The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April re-started the public debate on bitcoin.<\/p>\n\n\n\n Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be “[nipped] in the bud.”<\/p>\n\n\n\n