Will cryptocurrencies become global reserve currency?

lizardbtc

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Quote from: justyourkuya on April 25, 2018, 07:02:04 AM

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.

Matthewmorris4

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Quote from: justyourkuya on April 25, 2018, 07:02:04 AM

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.

jack991010

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yes. it is a future

$Darkloard$

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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.

farland7

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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.

justyourkuya

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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?

Topic: Will cryptocurrencies become global reserve currency? (Read 72 times)