[Vermont Lt]

You are kidding me right?

The Fed is a group of 12 private banks who manage the currency for the United States. It is not a Federal department. The US Treasury pays the Fed to manage our money. The Fed pays banks interest on their reserves. And they control the money supply through the interest rates charges to banks on overnight loans.

They also maintain the reserves of foreign currencies in order to facilitate international transfers.

[Chgogal]

That was the reason I asked you the question? The Fed is made up of 12 of the largest banks of the world which have HUGE ASSETS and will act in their self interest. Bitcoin has NOTHING is NOTHING other than you and someone else deciding that it has value today.