I have read an
article that this year will be the year Central Banks will begin buying Cryptocurrency.
But now so many negative publicity coming from central banks about cryptocurrency.
Would you think they are starting to dumping negative thoughts thru our media so that they will Hodl
more cryptocurrency? Politics? Banks? Your Thoughts on these issue.
In 2018,
G7 central banks will witness bitcoin and other cryptocurrencies becoming the biggest international currency by market capitalization. This event, together with the global nature of cryptocurrencies with 24/7 trading access, will make it intuitive to own cryptocurrencies as they become a de-facto investment as part of a central banks investment tranche.
Cryptocurrencies will also fulfill a new requirement as digital gold.
Furthermore, foreign reserves are used to facilitate international trade. This means holding reserves in a trading partner's currency makes trading simpler. In 2018, cryptocurrencies like bitcoin will be utilized for international trade on a moderate basis because the high returns as an investment will encourage a
'hold' strategy for G7 countries.
