Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 16/11/2024, 20:44:02 UTC
Even if the US starts buying BTC for its reserves, I don't believe that the EU would follow that example, let alone China.
If the US starts buying BTC as a reserve plan, that sends the signal to every other country that BTC is better reserve currency than USD. And since the entire world keeps reserve in USD, it'd encourage everyone to dump USD for BTC.
..

I think if that was true I guess most countries would have already dumped their USD for Gold...