The Federal Reserve opened its first official Facebook account, which was attacked by Bitcoin enthusiasts

The US Federal Reserve (the U.S. central bank) recently opened its official Facebook account, but unexpectedly, it was besieged by netizens.

The Federal Reserve's first Facebook status was posted on August 18, mainly explaining the reason for creating the account, which was to facilitate communication between the public and the Federal Reserve Board (FRBG).

The Federal Reserve Board officially launched its official Facebook account on Thursday to facilitate the dissemination of Fed news and educational content.

Almost immediately, libertarians and Bitcoin enthusiasts logged onto the page and posted a barrage of sarcastic comments.

Bitcoin is the center of discussion

Within minutes, the negative comments started pouring in. One of the topics of interest was Bitcoin and how it could be the best alternative to the central bank system.

I love you guys so much! The more your fiat currency depreciates, the faster crypto will appreciate. It won't be long before you and your government become obsolete.

Some comments also mentioned precious metals, alluding to the fact that the Federal Reserve's gold reserves have been continuously redeemed by central banks in the past few years.

Great. I have a certificate with $20 worth of gold in it that is about to expire. Could you please teach me how to exchange this piece of paper for money? Maybe you now offer Bitcoin? Anyway, thank you in advance.

Central banks face difficulties

In general, central banks have had several setbacks recently. The central bankers of Japan, the European Union, and the United States have all publicly admitted that they can’t do anything to prop up their economies, and are instead looking to their governments for help. Germany’s vice chancellor is seeking $166 billion in emergency bank bailouts, fearing that EU member states will follow the UK’s lead and eventually cause the EU to collapse. The U.S. isn’t in much better shape, with multiple economic indicators pointing to an impending recession. The Japanese government just announced a stimulus package to boost its economy, which is likely to lead to higher inflation.

Meanwhile, Bitcoin has not stopped growing. Since the UK’s exit from the European Union, the British pound has been even more volatile than Bitcoin. Bitcoin has achieved the stability of large-cap stocks, with a market value of around $10 billion. Over the past month, the price of Bitcoin has remained around $600.