I took the title of this blog directly from the headline of a Business Insider article that came out last week and it may be one of the most comical headlines I have seen from a mainstream news source trying to discredit crypto. When I first read it, I had my normal thought that this is another story of a politician running off at the mouth about crypto and saying stupid things, but, then I re-read it.
Basically, you could shorten the headline to:
Clinton Endorses Crypto
Hillary Clinton is basically saying that crypto has the potential to do exactly what it was created to do. Her comments came via webcast during a panel discussion at the Bloomberg New Economy Forum in Singapore on Friday. She stated:
"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."
So, while I have never thought much of Hillary Clinton, her basic accomplishment in life is that she was rewarded politically for not divorcing her husband, I would like to thank her for her ringing endorsement of crypto on a national level.
Resources:
markets.businessinsider.com/news/currencies/hillary-clinton-says-cryptocurrency-destabilize-nations-2021-11