Stephen Harper, the former Canadian prime minister, has said that the number of currencies that people use in order to have their reserve could expand out to include Bitcoin as well, with of course the US dollar likely still to remain as the dominant reserve currency for people. For those of you that may be unfamiliar with the term of a reserve currency, this is a currency that is held in large amounts by the banks in order to fund their foreign exchange reserves.
Whilst Harper stressed that he is by no means an expert in these digital currencies, the fact that the name of Bitcoin has been thrown out there and mentioned as a possible future reserve currency could be monumental for the crypto world and may even cause the price of Bitcoin to increase further in the coming months. What do you guys think about this?
Whilst Harper stressed that he is by no means an expert in these digital currencies, the fact that the name of Bitcoin has been thrown out there and mentioned as a possible future reserve currency could be monumental for the crypto world and may even cause the price of Bitcoin to increase further in the coming months. What do you guys think about this?