24 carat bitcoin in safe – It has already been almost 8 months since Bitcoin is a legal tender currency in El Salvador. After this world premiere, Satoshi Nakamoto’s invention could also become a reserve currency, such as the US dollar. It is in any case an idea that the National Bank of Swiss allowed herself to have. From there to say that the institution is considering filling its coffers withdigital gold…
Bankers Are Seriously Considering Bitcoin as a Reserve Currency
Contrary to the misleading headline of mainstream media Reuters, the Swiss National Bank (SNB) does not “object” to seeing Bitcoin (BTC) as one of its reserve currencies. She even has considered this possibility!
At the annual general meeting of the SNB, which took place at the end of last week, its president Thomas Jordan made several statements about Bitcoin. First element, if one day Switzerland decides to adopt Bitcoin as a reserve currency, this could be done very quickly and easily according to the central banker:
“Buying Bitcoin is not a problem for us, we can do it. Either directly or we can buy investment products that are based on Bitcoin. (…) We can organize the technical and operational conditions relatively quickly, when we are convinced that we must have Bitcoin in our balance sheet. »
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The time to see BTC become a reserve currency has not yet come
Unfortunately, we will still have to wait a little, that inflation increases and the fiat currencies begin to depreciate with the naked eye, even in the West (which is starting to happen more and more).
Indeed, Thomas Jordan believes that – for the moment – there is no emergency to put bitcoins aside in the coffers of the Helvetian nation:
“(…) from the current perspective, we do not believe that Bitcoin meets the requirements for monetary reserves. This is why we have so far decided not to have bitcoins in our balance sheet. »
It’s sad to say, but indeed, the majority of leaders and central bankers do not yet consider Bitcoin as a store of value. At least not before (it is too late and) a double digit hyperinflation also affects Western countries – hitherto too accustomed to being protected from it. When nations understand Bitcoin’s role as safe investment comparable togoldthey can always seek advice from MicroStrategy, which buys BTC with a vengeanceto get rid of his dollars.
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