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11387743 No.11387743 [Reply] [Original] [archived.moe]

will we see a reserve currency backed by crypto in our lifetime? if so, which crypto would it be-- an already established one or a newly created one?

russia, china, and iran would love to de-dollarize their economies, so the impetus is there. russia and iran, as major oil and gas exporters that also hate the USA, would love to de-dollarize their economies. venezuela is also looking to de-dollarize and is testing its "Petro" crypto.

thoughts on this?

>> No.11388108

up

>> No.11388119

>backed by crypto
backed by bitcoin? possibly, but anything else? highly unlikely given the economics of crypto.

>> No.11388144

>>11388119
>given the economics of crypto
what do you mean, the price volatility?

>> No.11388161

>>11387743
maybe but it will definitely be a new one and you wont be able to buy it only banks and mostly central banks.

>> No.11388168

>>11387743
>and is testing its "Petro" crypto.
its not so much a test more like an ico scam

>> No.11388174

newly created one, no doubt
by design, bitcoin (core or cash) can never back a reserve currency. too much of the supply is held by anonymous and hence politically unstable actors

>> No.11388180
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11388180

>>11387743
OP doesn’t know about Jews, Jesuits, One Party and Central Banking
>mfw

>> No.11388236

>>11388180
>thinks jews run china, iran, and russia
the latter maybe but not the former 2

>>
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