When No Currency Works As Reserve Currency
When No Currency Works As Reserve Currency
In a recent ZeroHedge article, the author stated: ‘Gold and Bitcoin are reserve-value alternatives to fiat currencies for investors, but cannot replace the US dollar due to low liquidity and supply’. To lump bitcoin/gold together begs the question: how is bitcoin (a non-currency), an alternative currency? Instead, it transports, maybe preserves wealth.
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