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Bitcoin Poses No Threat to Dollar, Federal Reserve Official Says
Bitcoin, whose ballooning market cap reached above $325 billion a month ago, is not a worthy opponent for fiat money, says Minneapolis Federal Reserve President Neel Kashkari. In fact, no single cryptocurrency could give the US dollar a run for its money, so to speak. Instead, they are more likely to tussle with one another as they jockey for position among the top 10 digital coins.