Possible? Yes. Will it happen in yours and mine lifetime? Probably not. Currency is a man-made token of exchange medium. The reason we keep having different currencies is because of geography, politics, religion, ideology, natural resources, etc. amongst many other factors. However, the one thing society cannot agree in general is wealth token. It is […]
Will many countries choose to abandon the dollar for their reserve currency and use Bitcoin instead?
See this Reference Link. Difficult to say. The fiat currencies we have today, have built-in fault lines within them, when it comes to issuance and usage. The US Dollar certainly is the preferred reserve currency of choice at the moment, but if history has taught us anything, it is that nothing lasts forever. Especially empires. I think […]
Not in the authoritative sense, no. There is Bank for International Settlements, in Basel, Switzerland, that is termed the central bank of all central banks. So they do a lot of settlements amongst member banks. Then there is a company very few people know of. The Luxottica of Money as I call them. CLS-Group. This company clears roughly 70% of […]