Longtime Analyst Bove Says Cryptocurrency Is One Challenge to Dollar’s Dominance

Longtime Analyst Bove Says Cryptocurrency Is One Challenge to Dollar’s Dominance

The dollar hegemony may soon meet a "frightening" end, said analyst Dick Bove. (TaxRebate.org.uk/Flickr)

The long-existing, U.S. dollar-ruled financial system could come to an end amid challenges from a potential multiple-currency system, which includes digital currencies, according to an Aug. 14 by Dick Bove, noted senior research analyst at Odeon Capital Group LLC, a New York City-based investment bank.

Bitcoin News Roundup for Aug. 14, 2020

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