Bitcoinβs explosive growth is dramatically disrupting the monetary and banking system to such an extent that banking and government authorities are sounding the alarm. In effect the chief of the U.S. Treasury now fears that Bitcoin will become like a βSwiss Bank Account.β Bitcoin Defies the Banking System Bitcoin lets you have your private bank in your electronic wallet. As a result Bitcoin will eventually render the fiat monetary and banking system obsolete.ΒHence U.S. Treasury Read More The post US Government Fears Bitcoin Will Be the Next βSwiss Bank Accountβ appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/us-government-fears-bitcoin-will-be-the-next-swiss-bank-account/