Tag: Foreign Reserve

Bitcoin can Become a new Foreign Reserve Currency for Governments

Governments all over the world are dealing with dwindling foreign currency reserves. China is an excellent example of how the government and central bank have been forced to spend large amounts of foreign reserves to keep the Yuan somewhat stable. It is not unlikely to think some nations will start to buy Bitcoin reserves in 2017 and beyond. Governments Can Benefit From Portfolio Diversification Holding a basket of foreign currency …
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