Fed's 2014 secret Bitcoin Report they don't want anyone to see

Way back when I discovered Bitcoin, there was a post from a Federal Reserve researcher that most here believed to be fake. But I had it bookmarked, always believing it to hold true.

Game Changer: Bitcoin research at the Federal Reserve and how I've lost my job

TLDR: A Federal Reserve researcher, with expertise in economics and quantitative analysis, shares how a May 2014 project on Bitcoin’s potential impact led to his team’s professional downfall. Initially tasked with studying Bitcoin as a developing currency, the team treated it as routine work. However, after presenting their first report, they were directed by the Board of Governors to scale their analysis, focusing on Bitcoin as a major currency, including simulations of money flows, interest rates, and its global impact on macroeconomic policy.

The team's findings were shocking: even with moderate adoption, Bitcoin could drastically disrupt traditional currency models and monetary policy. Their simulations indicated that by 2021 (worst-case) or 2026 (best-case), Bitcoin could surpass the US dollar’s global dominance, weakening the Federal Reserve's control. After presenting these alarming results to the Board, the team was punished—disbanded and reassigned to less critical roles with limited resources. The researcher believes that instead of confronting the emerging reality of Bitcoin's disruptive potential, the Fed and the government are suppressing the findings to protect the existing system.

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