Can bitcoin replace the U.S. dollar as a reserve currency

Discussion in 'Stock Market Today' started by Rustic1, Feb 8, 2021.

  1. turtle957

    turtle957 Member

    Joined:
    Mar 26, 2020
    Messages:
    35
    Likes Received:
    42
    [deleted] - sorry, realized this post was a bit of a tangent and strayed from the original purpose of the thread. Carry on and don't mind me!
     
    #61 turtle957, Feb 18, 2021
    Last edited: Feb 18, 2021
    T0rm3nted likes this.
  2. TH Analysis

    TH Analysis New Member

    Joined:
    Apr 26, 2021
    Messages:
    27
    Likes Received:
    2
    Special Drawing Rights (SDR's) magically appeared but you're right, a government or multi governments currently need to back the Global reserve currency. Unfortunately, the US has a habit of sanctioning countries and denying them access to the global monetary system, in effect weaponising the US dollar. This imho will be the downfall of the USD as the reserve currency. Only takes Russia and a lot of OPEC friends to go with China's digital currency to purchase Oil and a lot of other people will follow. Maybe not the G-7 but possibly the rest of the world. If it isn't Chinas digital currency, maybe it will be the IMF or world bank or the WEF.
     
    StockJock-e likes this.
  3. Bridget Mallory

    Bridget Mallory Active Member

    Joined:
    May 9, 2017
    Messages:
    130
    Likes Received:
    33
  4. hitman

    hitman Active Member

    Joined:
    May 29, 2016
    Messages:
    520
    Likes Received:
    178
  5. hitman

    hitman Active Member

    Joined:
    May 29, 2016
    Messages:
    520
    Likes Received:
    178
    $YFI takes first spot at & 62K .:banana::booyah: cha ching
     
  6. Trahn Thompson

    Trahn Thompson Active Member

    Joined:
    Jun 13, 2019
    Messages:
    108
    Likes Received:
    56
    Yeah, sure why not. One made up for another. That private company (FED) will not be happy losing there place at the head of the table. Maybe they could back the dollar with bitcoin, now that makes more sense. Two wrongs always make a right...right? Happy Investing!
     

Share This Page