/biz/ - Business & Finance

>>18562344
>I am just analysing how probable it could be gold - bitcoin standard
If I had to place a bet, I would go with gold as a new monetary standard. The history is already there along with the playbook on it's implementation and monetary standing in the psyche of the public. Central banks have been strongly adding to their reserves since Basel III elevated gold to a tier 1 asset as seen in >>18561316
I would think that if sovereigns wanted to implement a crypto standard, it would be one of their own creation to have full control vs using a preexisting crypto with such a heavy Chinese mining share. Plus, there is serious evidence to support the idea that not only is bitcoin heavily influenced by tether propping, but bitcoin has not been in the good graces of the federal government because of it. Trump has already tweeted his disdain for bitcoin.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066