Quote from: mk4 on March 28, 2021, 03:26:46 PM

Quote from: testabcde on March 18, 2021, 03:29:06 PM

Re: Bitcoin has the potential to become the central bank of the central banks

More like bitcoin has the potential to be the reserve asset of central banks, replacing gold. A central bank is a central entity, while Bitcoin is a decentralized asset/protocol.

Check out how much gold they're holding, and how bitcoin could potentially be once they decide to hold some: https://www.gold.org/goldhub/data/monthly-central-bank-statistics

This is a real possibility, it was not long ago we could see how much gold content a paper currency was supposed to represent, this changed because it benefited the central banks but if for some reason things get out of control and central banks need to once again back their currencies with something they could choose a basket of assets instead of just backing their currency with gold, and if that is the case then bitcoin could without a doubt be one of the assets which will be used by central banks for this purpose.