The fed knows this, they are aware of the growing popularity of bitcoin, they just trying hard to ignore it not because of their arrogance, but because of the actual risk of the Dollar's crash.. If they actually started to buy bitcoin right now, and announced it publicly, every household in the world and every dollar backed governments with their savings in Dollar will start panic selling it and buying gold or whatever means necessary to feel safe, and every foreign exchange will become a US dollar dumpster... Once the dollars return to the US it will inflate like no other currency in the world... But as extreme as that sounds, the US is at a crossroads because the BRICs is already getting rid of dollar and coming up with their own reserve strategy which will eventually help create a new stable currency that will make the nightmare of the US happen..! Making the bitcoin bet might actually be US's only choice (just like JFK made that offensive decision to block cuba from soviets), cold war has never ended. Like the prophecy that needs to be fulfilled, the crash of dollar is destined..
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