Skip to content

Neptunefunds

Menu
  • Home
  • Bitcode Ai Review
  • Bitcoin Revolution Erfahrungen – seriös oder nicht?
  • Erfolgreiches Krypto-Trading
Menu

Bitcoin could become a reserve currency, according to the former Canadian Prime Minister

Posted on 18. January 2021 by admin

Stephen Harper, the former Prime Minister of Canada, has announced his support for Bitcoin (BTC). He considers that cryptography could become part of the monetary reserves of the world’s countries in the future.

Bitcoin could become a reserve currency, according to the former Canadian Prime Minister.
Will Bitcoin integrate the monetary reserves of economies of scale?

This is the hypothesis raised by Stephen Harper in an interview at the Vancouver Resource Investment Conference. The man served as prime minister from 2006 to 2015 before handing over to Justin Trudeau. He mentioned Profit Secret in the context of a weakening of the U.S. dollar (USD), which is the most important reserve currency for economies of scale.

Stephen Harper believes that the USD can only be dislodged by a major currency, such as the euro (EUR) and the yuan (RMB). But he considers that the value of the euro is not sufficiently guaranteed over time. He also mentions problems with the arbitrary measures taken by the Chinese government, which influence the yuan’s exchange rate.

Hence one possibility: to include Bitcoin as a reserve currency :

“It is difficult to see what alternative can exist to the US dollar as a global reserve currency. Beyond gold, Bitcoin, a basket of various assets…”.

However, Harper believes that the USD will remain the most widely used reserve currency, even if other assets are finding their way into central bank reserves.

“I think we’re going to see an expansion of what people think of as reserves, but the US dollar will remain the main asset. »

Seven central banks assess the components of a CBM

Bitcoin finds legitimacy

Nevertheless, a statesman of great stature who mentions Bitcoin as a plausible reserve is a sign of how far cryptography has come in just a few years. Some economies are adopting cryptomoney more widely, including Venezuela. The country now uses Bitcoin to pay certain companies, and the country’s central bank had already discussed the possibility of adding Bitcoin and Ether (ETH) to its reserves.

For economies that are not strangled by sanctions, the inclusion of Bitcoin is of course slower, if not non-existent. But we note that more and more political figures of great importance are mentioning cryptography, a sign of new legitimacy.

Recent Posts

  • Quantum Trade Wave Erfahrungen und Test – besser Traden mit künstlicher Intelligenz
  • Big Money Rush Review: Scam or Legit? Unveiling the Truth Behind This Bitcoin
  • Altrix Edge Erfahrungen: Ein neuer Weg zum erfolgreicheren Traden
  • Is Bitcoin Compass a Scam? Read this Review Before Investing!
  • BitPremium Erfahrungen: Besser Traden mit BitPremium

Recent Comments

    Archives

    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • November 2022
    • May 2022
    • January 2022
    • July 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020

    Immediate Profit testen

    Immediate Profit

    Categories

    • Allgemein
    • área
    • Bitcoin
    • Börse
    • cyfrowy
    • Krypto

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2023 Neptunefunds | Built using WordPress and Responsive Blogily theme by Superb