Future of Digital Currency

Throughout 2022, as the Federal Reserve increased interest rates and cut back on their balance sheet, the US dollar rose in value against a basket of foreign currencies. Meanwhile, from its peak in November 2021 to the end of 2022 Bitcoin lost three-fourths of its value. A Federal Reserve digital currency would, in fact, have been the US dollar but in a digital form issued by the Federal Reserve just like it prints and issues paper currency. Anyone who could have used a US digital currency in the last few years would have had the ultimate stablecoin because it would not have needed a computer algorithm or dollar reserves to track along with the value of the US dollar because it would BE THE US DOLLAR. Although the greenback does go up and down against other currencies in the forex markets, it does not go up and down in multiples of five like has happened with the 2022 fall of Bitcoin and the rest of the crypto tokens.

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