The former United States Secretary of State Hillary Clinton thinks that certain cryptocurrencies could threaten the dominance of not just the US Dollar, but the stability of whole nations.
After a discussion of “the new global order”, Clinton discusses with Bloomberg a variety of topics, namely trade policies and foreign relations in regards to China and Russia.
Clinton predicts “the rise of artificial intelligence” as a threat to nation-states and multinational corporations. She also believes that cryptocurrencies will have a negative impact on the US dollar – posing a threat to small and large nations.
“One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency because 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.”
Clinton is also in agreeance with the blanket ban imposed by the Chinese government upon all crypto-related business activities, contrary to popular belief.
“It appears as though China is going to prevent outside technology payment systems, like the cryptocurrency development, from playing a big role inside China, because I think they recognize – given their nationalism – perhaps earlier than other nations in the US, Europe, elsewhere, that this could be a direct threat to sovereignty.
So when we’re talking about making decisions and trying to be strategic and building alliances, there’s a whole new layer of activity that could be extremely destabilizing, and, in the wrong hands or in alliances with the wrong people, could be direct threats to many of our nation-states and certainly to the global currency markets.”
