First Mover: Bitcoiners May Not Care if Dollar Keeps Its Reserve Status

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,....

The United States government is likely to back the dollar with bitcoin in order to protect its status as issuer of the global reserve currency.