Crypto Dropped From Top 10 Most Cited Potential Risks: US Central Bank Report
US-China tensions, Russian-Ukrainian war, rising energy prices, rising inflation, COVID-19 pandemic and cyberattacks have emerged as some of the most pressing financial risk concerns.
New
While proponents of traditional finance are still keen to dismiss Bitcoin (BTC) and the crypto ecosystem as financial risks, an investigation by the Federal Reserve Bank of New York – one of 12 Reserve Banks Federal Governments - revealed 11 factors that eclipse crypto in terms of risk in 2022.
Geopolitical tensions, foreign divestments, COVID-19 and high energy prices are among the most cited potential risks to the U.S. economy, according to a central bank survey released by the Federal Reserve.
Federal Reserve Survey Results Bank of New York. Source: Federal Reserve SystemOf the 14 factors that pose financial risk, crypto ranks 11th, indicating a shift in investor mindset due to continued efforts by crypto entrepreneurs to educate the masses.
Some of the pressing risk concerns raised by respondents were related to the power struggle of global economies, which includes tensions between the United States and China, the war between Russia and Ukraine, rising energy prices, rising inflation, the COVID-19 pandemic and cyberattacks, to name a few.
However, the US powerhouse maintains its anti-crypto stance when it comes to assessing the risks of crypto investments. He pointed out in the report that some cryptocurrencies – including BTC, Ether (ETH), BNB (BNB), Cardano (ADA) and XRP (XRP) – are down around 69%...
US-China tensions, Russian-Ukrainian war, rising energy prices, rising inflation, COVID-19 pandemic and cyberattacks have emerged as some of the most pressing financial risk concerns.
New
While proponents of traditional finance are still keen to dismiss Bitcoin (BTC) and the crypto ecosystem as financial risks, an investigation by the Federal Reserve Bank of New York – one of 12 Reserve Banks Federal Governments - revealed 11 factors that eclipse crypto in terms of risk in 2022.
Geopolitical tensions, foreign divestments, COVID-19 and high energy prices are among the most cited potential risks to the U.S. economy, according to a central bank survey released by the Federal Reserve.
Federal Reserve Survey Results Bank of New York. Source: Federal Reserve SystemOf the 14 factors that pose financial risk, crypto ranks 11th, indicating a shift in investor mindset due to continued efforts by crypto entrepreneurs to educate the masses.
Some of the pressing risk concerns raised by respondents were related to the power struggle of global economies, which includes tensions between the United States and China, the war between Russia and Ukraine, rising energy prices, rising inflation, the COVID-19 pandemic and cyberattacks, to name a few.
However, the US powerhouse maintains its anti-crypto stance when it comes to assessing the risks of crypto investments. He pointed out in the report that some cryptocurrencies – including BTC, Ether (ETH), BNB (BNB), Cardano (ADA) and XRP (XRP) – are down around 69%...
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