What does Biden mean by eyeing digital currency?

Talking about offline internet [coffee]

Good morning, say hello to you in the country where birds sing in spring.

White House Press Secretary Jane Psaki said at a news conference that President Biden agreed with US Treasury Secretary Yellen's view on regulating cryptocurrencies: calling on legislators to "reduce" the use of cryptocurrencies. Say a word, is to use the power of the country to strangle digital currency in the ascendant.

The U.S. commander, who enjoys the hegemony of the U.S. dollar and easily captures the world's wool, is eyeing digital currency naturally because the Internet application of digital currency has touched the interests of the United States, or, to be precise, moved the cheese of the U.S. dollar.

One of the threats is that booming digital currency, such as Bitcoin, has become a financial force beyond the Fed's vision through the Internet. Although this power is still weak at present, there is an invisible and intangible potential opponent on the side of the couch. He has no bottom in his heart, so Aunt Yellen will speak out loudly and must be killed quickly.

The second threat is that the People's Bank of China is getting closer and closer to formally applying digital RMB. Not only will it be officially applied in 2022 as planned, but it has just signed a 25-year strategic cooperation agreement with Iran, a major oil producer, using digital RMB as the settlement currency of China-Iran oil trade, which means that the oil-linked dollar has a competitor-a competitor from the Internet.

While digital currency is quietly encroaching on the sphere of influence of the US dollar, the rapid development of the Internet on which it relies has given Ta a bright future. At the same time, it has also been used by China people to deconstruct the close relationship between the US dollar and oil. In the long run, the good days when the United States wants to snatch global wealth with the Green Paper will come to an end one day.

No wonder Biden is eyeing it!