Coincidence 1: Yellen Sets the Stage for U.S. Central Bank Digital Currency

In comments made on Monday morning, Fed Chair Treasury Secretary Janet Yellen set the stage for several exciting new initiatives, including a higher corporate tax, potentially higher capital gains taxes, yield curve control… oh and a digital dollar.

Yellen came out in favor of boosting corporate taxes and said she was also open to raising capital gains taxes, during a Monday conference hosted by the New York Times.

Perhaps most notable was Yellen’s reaffirmation that it “makes sense” for the Fed to look into the idea of a digital dollar – comments that potentially played a role in bitcoin’s early morning selloff which briefly saw the cryptocurrency crash 15% and fall under $50,000. The price has since risen back above $50,000 despite additional comments from Yellen that bitcoin was “inefficient”.

By Tyler Durden – ZeroHedge