@cmoneyspinner 20 May 2021 edited more from that month

CCFCN: I Respectfully Disagree with US Treasury Secretary Janet Yellen Regarding Bitcoin

To be clear:  I am not offering financial advice. I am not financial professional or expert and especially not an expert on the future of cryptocurrency. **Bitcoin was introduced to the world in 2009**. I started following cryptocurrency, i.e. the world of virtual currency, digital currency, altcoins, etc., in 2017. This is just an observation and an opinion. I am sharing this post as an “historical marker” on the off chance my prediction turns out to be correct.  https://www.investopedia.com/terms/b/bitcoin.asp

Janet Yellen is the first female US Treasury Secretary;  she is highly respected and she offered this assertion regards bitcoin. https://www.foxbusiness.com/business-leaders/who-is-janet-yellen "Yellen previously asserted that the rise of the crypto industry had increased the risks of vulnerabilities as criminals tend to employ them for illicit actions." Quote Source: **US Secretary of Treasure Yellen Says Bitcoin is Inefficient for Transactions** *** https://cryptopotato.com/us-secretary-of-treasure-yellen-says-bitcoin-is-inefficient-for-transactions/ *Uh huh.*   **REFERENCE POINT: ~ History of Currency: Do you know what the “florin” was? (Source: Wikipedia) https://en.wikipedia.org/wiki/Medici_Bank *At one point, the Medici family managed most of the great fortunes in the European world, from members of royalty to merchants. There was even a time when the currency issued by the Medicis, the florin, was accepted and used throughout Europe as the preferred currency to conduct business, commerce and trade.*

**With respect to the honorable lady**. Show me a criminal, show me a legit monetary system AND I'll show a criminal trying to exploit that system for their illicit actions to "launder transactions" and make their criminal activity look legit! THEY'RE CRIMINALS! IT'S WHAT THEY DO!!   I need a better excuse than that to NOT have hope that BTC (Bitcoin), BCH Bitcoin Cash) (or altcoins or cryptocurrency in general) have a future as a legitimate currency! ***The Medici Family didn't let anybody talk them down!*** When people stopped using the florin, it had nothing to do with criminal activity. It was just replaced by 2 new coins. (Source) https://www.royalmintmuseum.org.uk/journal/curators-corner/florin/ Perhaps cryptocurrency is just a replacement for fiat currency and gold. For sure, it's already an alternative for it. ***Thoughts? Opinions?***

Additional Reading: Cryptocurrency Is an Ideal Alternative to Fiat Currency as A Refined Money - Kenyan Wallstreet https://kenyanwallstreet.com/cryptocurrency-is-an-ideal-alternative-to-fiat-currency-as-a-refined-money/ Bitcoin vs. Gold: 10 experts told us which asset they'd rather hold for the next 10 years, and why | Currency News | Financial and Business News | Markets Insider https://markets.businessinsider.com/currencies/news/bitcoin-vs-gold-experts-cryptocurrency-precious-metals-analysis-2021-2-1030103905