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Will Central Banks Buy Bitcoin?

6 Mins Read

Some say: “Central banks will start buying #bitcoin as international reserves and that’ll make price go up”. Totally false. Governments can’t use bitcoin as reserve asset, at least not now. But they could do something else instead 👇 BITCOIN IS NOT QUALIFIED AS RESERVE ASSET Let’s be clear what international reserves are for. They are assets a country uses to: 1) pay for imports & debt, 2) buy and sell in forex market to affect…

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Why central bank digital currency won’t happen in most countries anytime soon.

Why Central Bank Digital Currency Won’t Happen in Most Countries Anytime Soon.

4 Mins Read

There’s a lot of hype around CBDCs.But after a closer look at some CBDC pilots, I think we’re NOT going to see a lot of CBDCs except from a few big countries. Here’s why 👇 1. Building one from scratch is hard. A CBDC is essentially a stablecoin backed by the central bank. Seeing it from that perspective you may think it’s easy. You can deploy a ERC20 token in half an hour. Now just…

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