{"id":136973,"date":"2024-09-08T19:00:39","date_gmt":"2024-09-08T16:00:39","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136973"},"modified":"2024-09-08T01:21:43","modified_gmt":"2024-09-07T22:21:43","slug":"bny-mellon-ceo-on-cryptos-rise-can-the-dollar-stay-on-top","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bny-mellon-ceo-on-cryptos-rise-can-the-dollar-stay-on-top\/","title":{"rendered":"BNY Mellon CEO on Crypto’s Rise: Can the Dollar Stay on Top?"},"content":{"rendered":"

In a recent interview<\/a> <\/strong>on Yahoo Finance\u2019s Opening Bid podcast, Vince rejected the notion that digital currencies like Bitcoin<\/a><\/strong> could soon displace the dollar. \u201cI don’t think the dollar is going anywhere,\u201d Vince remarked, emphasizing that while cryptocurrencies have gained significant interest, they are not poised to replace traditional fiat currencies anytime soon.<\/p>\n

BNY Mellon, founded in 1784 by Alexander Hamilton, remains a key pillar of the American financial system. Vince, who became CEO in 2022 after a lengthy tenure at Goldman Sachs, acknowledged the growing role of digital assets. Cryptocurrencies, valued at $2 trillion with Bitcoin making up $1.4 trillion, have gained traction, especially with recent approvals for Bitcoin and Ethereum ETFs by the U.S. Securities and Exchange Commission.<\/p>\n

Despite these advancements, Vince expressed caution about the future of cryptocurrencies. He highlighted their volatility and risks, suggesting that while blockchain technology could transform traditional asset management, it does not pose an immediate challenge to the dollar’s supremacy.<\/p>\n