BIP 2021: Bitcoin’s Path Toward Reserve Currency Status Is Set
2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. The short, 12-year history of Bitcoin is filled with exciting times. From the immaculate conception birthed through Satoshi Nakamoto to the extreme....
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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.
It doesn’t take much investigation to see that the establishment, the global financial elite including the U.S. Federal Reserve, are very impressed with the technology that Bitcoin has brought to bear. Every major corporation, brand, tech firm, even nations are spending thousands of man-hours researching and building mock-ups of Bitcoin’s blockchain technology. Blockchains, or “distributed ledger technology” (DLT) is ‘the next big thing’ in mainstream tech, and the U.S. Federal Reserve is no exception. They published a research paper about DLT yesterday. The Biggest Dog in the Yard Has....