St Louis Federal Reserve President James Bullard was recently interviewed at this years Consensus conference in New York City That a top US economic policy maker was in attendance is victory enough however he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody He explained he found the phenomenon interesting and how more cryptos being issued all time necessitates keeping an eye on them Mr Bullard also compared the use case for cryptocurrencies with that of the dollar and whether the former posed a threat to the latter

This article was written by Natalie Johnson

Recently the crypto market fear and greed index hit its lowest point in history despite Bitcoin price trading above 10000 and at that point had yet to break down The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate