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Central Banks Across the World Will Undertake Bitcoin As Reserve Asset, Says BTC Bull Mark Yusko

Central Banks Across the World Will Undertake Bitcoin As Reserve Asset, Says BTC Bull Mark Yusko

24 thoughts on “Central Banks Across the World Will Undertake Bitcoin As Reserve Asset, Says BTC Bull Mark Yusko”

  1. tldr; Mark Yusko of Morgan Creek Capital predicts that central banks around the world will eventually adopt Bitcoin as a reserve asset. He says central banks have already begun holding the yuan and will eventually add Bitcoin to their coffers, which he believes will replace gold. Yusko believes this phenomenon won’t happen in weeks or months, but rather, decades.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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  2. “they have some renminbi, [and] eventually they’re going to have some Bitcoin… They’re going to have some Bitcoin and then eventually, Bitcoin will edge out gold.”

    Hope we get to live in this possible universe ![gif](emote|btc2_emote|btc2)

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  3. Highly doubt banks are going to want to have an asset that can fluctuate 70% up and down over the course of a single year as a reserve asset. Reserve assets are meant to be stores of value, not an investment endeavour.

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  4. >What’s going to happen is central banks just used to have gold. Then they had gold and dollars, and then yen and euros. Now they have some renminbi, [and] eventually they’re going to have some Bitcoin… They’re going to have some Bitcoin and then eventually, Bitcoin will edge out gold.”

    Why lol? No explanation, just “this will happen”. There’s no reason to believe the central bank will, or even is allowed to, use a cryptocurrency as reserves. That would only make sense as a way of facilitating trade and debt servicing but there’s no issuer of BTC debt and even crypto junkies don’t want to trade in BTC (they want to HODL). Sooo…why does the fed need BTC reserves?

    >Even if they tried to tax all the wealth in the United States, they couldn’t pay back the debt…

    Who cares? The best question for these morons is always “who wants the US government to pay back its debt?” The debt holders certainly don’t, they want to collect interest on a risk free asset. So if the collectors don’t ever want to collect, why do people keep invoking collections as a problem?

    It’s so weird, like “well nothing matters because the earth is doomed because the aliens are going to blast us with their death ray”. What aliens, dude?

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