Op-Ed: Bitcoin’s Journey to Digital Reserve Currency Status
Seven years on, bitcoin still remains the largest digital currency by market capitalization. While bitcoin may have been the most volatile currency, it has since ceded that mantle to up-and-coming altcoins. The transformation of bitcoin from a volatile experiment, to a “stable” form of electronic money is illustrated in Figure 1. The graph plots the....
Related News
After a momentous 2020, this will be the year that bitcoin takes major strides toward becoming the world’s reserve currency. The post BIP 2021: Bitcoin’s Path Toward Reserve Currency Status Is Set appeared first on Bitcoin Magazine.
The CEO of Relai brings up some important considerations for the possibility that the U.S. dollar fails to maintain its status of world reserve currency.
Legendary fund manager Stanley Druckenmiller says that he is worried that within 15 years the U.S. dollar will lose its world’s reserve currency status. He said that crypto is a solution to the lack of trust in Fed Chairman Jerome Powell “and the rest of the world’s central bankers.” The billionaire investor further said that it will be very difficult to unseat bitcoin as a store of value. Druckenmiller on USD Losing Reserve Currency Status and Difficulty in Unseating Bitcoin as Store of Value Billionaire investor Stanley Druckenmiller talked about the U.S. economy,....
What if the dollar keeps its reserve status? PLUS: FCA ban, McAfee arrest, commercial real-estate wipeout.
The same sound money principles which led to gold’s historical reserve status are contributing to bitcoin’s overtaking and erosion of its dominance.