Bitcoin Can Become Reserve Asset
By GCRU Gold News on Wednesday, January 24 2018, 02:10 - Permalink
The seventh network effect is going to be world reserve currency status. That’s when bitcoin becomes a reserve asset much like gold or the dollar.
Perhaps China and Russia, as part of their strategy to reach monetary sovereignty, honed in on the western central banks Achilles’ heel of not having the physical gold, and decided to push in that direction for de-dollarization, to be less influenced by the dollar.
And the United States as a countermove, instead of going to the past, which is to gold, they decide to go to the future, with innovation and bitcoin and other crypto-related assets.