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February 07, 2018, 09:51:26 AM |
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BULLISH!!!!!
“Currently, the G7 is only concerned with the "appropriate regulation" of cryptocurrencies and not with the asset class potential of cryptocurrencies. Bitcoin, ether and zcash are nowhere to be found on the list of eligible instruments and currencies that central bankers are allowed to trade.
In 2018, things will be different. G7 central banks will start buying cryptocurrencies to bolster their foreign reserves.”?
Why 2018?
A turning point for G7 central banks will be when the bitcoin market capitalization exceeds the value of all SDR's that have been created and allocated to members (approximately $291 billion).
The real flippening: $17,600 when #bitcoin becomes the biggest international currency in market cap. #IMFSDR
— Datavetaren (@Datavetaren) November 29, 2017
Another tipping point will be the realisation that the values of G7 currencies are devaluing against cryptocurrencies. The SDR and G7 country currencies will be forced to alter their foreign reserve weightings and eventually include a basket of cryptocurrencies.
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