The ROC found similarities between the dollar and cryptocurrency

CC0 / vjkombajn / Cryptocurrency bitcoin. Archival photoThe ROC found similarities between the dollar and cryptocurrencyCC0 / vjkombajn /

The dollar, as cryptocurrency is, in fact, «bubble», so the ROC will not stand aside from understanding this phenomenon, said the head of the Department for external Church relations of the Moscow Patriarchate Metropolitan Hilarion of Volokolamsk.

«In its way the dollar is already the currency because we don’t know how controlled his movement and how many dollar bills are actually in circulation in the world. Cryptocurrency is another step towards further dissociation of the money supply (now in the form of just electronic digits) from any real material resources. It is important to explore the moral dimension of this phenomenon, and at some point the Church will have to participate in understanding this phenomenon,» the Metropolitan said on air of the program «Church and world».

In his opinion, the situation with bitcoin — the next round of creating a «bubble», financial pyramids, which are really not worth anything. He compared this situation with the dollar, which is currently not backed by gold reserves of the United States, not tied to a specific material resources.