Fed's Dudley "US Dollar Wins"; Bitcoin "Not a Good Store Of Value"

Tyler Durden's picture

While the volatility of Bitcoin has been considerable, perhaps merely reflective of the early days of a revolution, the fact that the "value experts" at the Fed have pronounced:

  • *DUDLEY SAYS BITCOIN 'IS NOT VERY GOOD STORE OF VALUE'
  • *DUDLEY SAYS 'U.S. DOLLAR WINS' OVER BITCOIN ACROSS MANY METRICS

..raised an eyebrow or two on our furrowed brows. We thought a look at the following two charts since the inception of Bitcoin and the inception of the Fed would help clarify "value" stability...

 

Bitcoin since inception...

 

And the USDollar since the Fed's inception...

 

You decide?