First Mover: Bitcoiners May Not Care if Dollar Keeps Its Reserve Status
What if the dollar keeps its reserve status? PLUS: FCA ban, McAfee arrest, commercial real-estate wipeout.
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.
According to a survey conducted by Okcoin, a large majority of Bitcoiners care about helping fund Bitcoin development.
The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury-bond interest rates from climbing.
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,....
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.