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Bitcoin Will Never Replace The Dollar, Isn’t Currency, Says Presumptive Next New York Fed Boss

Bitcoin and other cryptocurrencies will never replace the U.S. dollar because they don’t pass muster for what a currency should be. That’s what John Williams, the likely next head of the New York Reserve, declared. Williams, who’s the nominee to head the Federal Reserve Bank of New York, is currently the president of the Federal Reserve Bank of San Francisco. ...

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