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Topic: Will cryptocurrencies become global reserve currency? (Read 68 times)

full member
Activity: 448
Merit: 109
In the world today, bitcoins, altcoins, and other digital currencies have been used in business transactions, economic market, and investments. Thus, being held in significant quantities at a period of time. Will that mean these cryptocurrencies can be used as anchor currencies regulated by the government?

This is posible, but from my point of view for something like this a lot more time has to pass if we ever want mass adoption. Maybe govemrnets will issue their own unique crypto and thus make adoption faster. But I never really thoguh of them to be an "anchor to fiat currencies" and this really requires a lot of time for sure.
member
Activity: 350
Merit: 10
BitbondSTO.com | Germany’s First STO | Earn Stable
In the world today, bitcoins, altcoins, and other digital currencies have been used in business transactions, economic market, and investments. Thus, being held in significant quantities at a period of time. Will that mean these cryptocurrencies can be used as anchor currencies regulated by the government?

I'm not sure the government will agree to this fully, because the government does have some shortcomings of this crypto which does make the government disagree, such as volatile prices, money laundering, and so on.
newbie
Activity: 10
Merit: 0
yes. it is a future
sr. member
Activity: 392
Merit: 250
The main requirement for reserve currencies is that they can not be printed, that is, devalued by individual governments. Gold and silver for centuries served as a universally recognized reserve currency, as precious metals can be exchanged for goods and services, provided as collateral and serve as a reliable means of saving.
member
Activity: 364
Merit: 10
I think cryptocurrencies will never ever be controlled by a group of people, such as governments, simply because the concept of the crypto world does exclude the vision of the transactions by 3rd group.
member
Activity: 156
Merit: 10
Bounty Campaign Management
In the world today, bitcoins, altcoins, and other digital currencies have been used in business transactions, economic market, and investments. Thus, being held in significant quantities at a period of time. Will that mean these cryptocurrencies can be used as anchor currencies regulated by the government?
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