Why Bitcoin Thrives (and Why It Won’t Replace the Dollar)
A world in which bitcoin becomes the global reserve currency is a world many of us would not want to live in.
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Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their balance sheets with bitcoin. US Government Will Not Let Bitcoin Replace Dollars, Says Risk Reversal Advisors’ Chief Dan Nathan offered his view on the future of bitcoin in an interview with CNBC last week. His comments followed the news of....
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever trust,” he warned governments. Bitcoin Is on Its Way to Becoming the World’s Reserve Currency Morgan Stanley Investment Management’s chief global strategist and head of emerging markets, Ruchir Sharma, published an opinion piece in the Financial Times on Wednesday. He explained how....
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed Bitcoin transaction trick replace by fee. The post The Advantages And Drawbacks Of Replace By Fee appeared first on Bitcoin Magazine.
As many experts around the world agree that the dollar’s dominance won’t last forever the CEO of Coinbase, Brian Armstrong, believes bitcoin will “surpass” it as a global reserve currency “within 10-15 years.” As a former Wall Street banker and economics major in school, I have studied and accepted as fact that the U.S. Dollar’s days as the global reserve currency are numbered. It could be replaced 3 years from now, or 5 years, or 10 years from now. It will happen, in my opinion, the only question is when, not if, it does. I could be wrong, but don’t just take my word for it. Peter Schiff,....
Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future. Billionaire hedge fund manager Stanley Druckenmiller has forecast the possibility of a crypto-derived ledger system overtaking the U.S. dollar as a global reserve currency. The hedge fund boss noted that if there were to be a U.S. dollar replacement it “would be some kind of ledger system invented by some kids from MIT or Stanford or some other engineering school that hasn't even happened yet, that can replace the dollar worldwide.”....