What can be positive than the news that Bitcoin will soon replace the dollar.
The United States dollar is the main international currency and has been for more than 50 years. According to Ken Jacobs, CEO of financial advisory and asset management firm Lazard, that fact could change in the not-so-distant future thanks to the undermining power of Bitcoin and other cryptocurrencies.
Jacobs explained in a Bloomberg Television interview late last week:
To the extent that we have unilateral foreign policy and unilateral trade policy, were sort of tempting the world to find an alternative. Probably the greatest demonstration of soft power is the fact that the U.S. has the reserve currency of the world.
That alternative is not likely to be another foreign fiat currency. Rather, Bitcoin appears to be the prime contender, though its possible another or multiple cryptocurrencies could share the responsibility.
Jacobs stated:
Theres enough technology out in the world today with cryptocurrency and changes going on that you can imagine, if you let your mind wander a little bit, that something becomes an alternative in the future.
The comment comes from one of the worlds major merger advisers and carries a lot of weight. As noted by Bloomberg, Lazard managed more than $250 billion of assets as of the end of March, and is one of the worlds top 10 merger advisers.
Source:
http://bitcoinist.com/72751-2/