Post
Topic
Board Economics
Topic OP
Yuan To Win Reserve-Currency Status
by
Pab
on 01/11/2015, 22:37:45 UTC
I think it is a reason of btc price increase,but nobody will tel that loudly.Event has been postponed from October to November

China’s goal to attain endorsement of the yuan as a reserve currency will be achieved this year, according to most economists surveyed by Bloomberg.

If Chinise Yuan will be recognised likea global currency together with dollar,euro,yen,than market will choose currency to trade,and it will be free to choose for countrys in which currency thay thay want to keep his reserve

Big trouble for dollar domination,if USA will put his veto,than we can expect China answer,yet another big trouble

All that is  enough to drive btc price up

http://www.bloomberg.com/news/articles/2015-06-26/china-seen-winning-reserve-currency-endorsement-in-imf-s-review