• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, April 1, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

18 January 2021
in Market
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Cryptohopper
ADVERTISEMENT

Stephen Harper, an economist and the former prime minister of Canada, said bitcoin could potentially see use as a reserve currency, but isn’t going to supplant the U.S. dollar’s international role.

In an interview with Cambridge House’s Jay Martin on Sunday, Harper acknowledged that the dollar had been on a downtrend, but said there were few viable international alternatives, even when looking at the euro and the yuan.

“Unless the U.S. becomes a catastrophe, it’s hard to see what the alternative is to the U.S. dollar as the world’s major reserve currency. Other than you know gold, bitcoin, … a whole basket of things, right?” said Harper. “I think you’ll see that the number of things that people use as reserves will expand, but the U.S. dollar will still be the bulk of it.” 

Harper stressed he is not an expert when it comes to digital currencies, but said it is hard to see how they operate as a store of value – something “pretty critical” for a currency.

The former prime minister explained that every currency has three purposes: as a medium of exchange, a unit of account and a store of value. He said, a digital currency is certainly a medium of exchange and can be a unit of account, but it is difficult to see how bitcoin can act as a store of value.

That’s because “I, as an investor, have no idea what this investment represents,” he said.

Harper also addressed the trend for central banks to be considering the launch of their own digital currencies.

“Ultimately, if you have a digital currency and the purpose of the central bank is to control inflation and create a stable currency and price stability, then digital currency is just kind of an evolution of the marketplace,” he said. “But if it is part of a series of what I think are wild experiments as to the role of central banking, then that worries me a lot.”



Source link

Related articles

U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

1 April 2023
Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court

Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court

1 April 2023
[crypto-donation-box]
Tags: BitcoinCanadianCurrencyFutureListsMinisterPrimeReserve
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Ark Invest chief foresees more companies purchasing BTC

Next Post

The Three Factors That Could Topple The Recent Bitcoin Rally

Related Posts

U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

1 April 2023
0

District Judge Jennifer Rearden put the $1 billion deal on hold but said she’d expedite an appeal to avoid too...

Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court

Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court

1 April 2023
0

Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court Source link

Biden Administration Is Politicizing Crypto

Biden Administration Is Politicizing Crypto

1 April 2023
0

Consider also the types of people and institutions the crypto community encompasses: retail and institutional traders, celebrity venture capitalists, nerdy...

What Hindenburg Research’s Takedown of Block Says About Money and Crime

What Hindenburg Research’s Takedown of Block Says About Money and Crime

1 April 2023
0

The Hindenburg allegations drive home the deep conflict of interest inherent to this dynamic. Whether or not it was a...

How Will NFTs Be Taxed? Understanding the IRS’ New Proposed Guidelines

How Will NFTs Be Taxed? Understanding the IRS’ New Proposed Guidelines

1 April 2023
0

There are a few specific cases where this look-through analysis will come in handy already. For instance, the fractionalized NFT...

Load More
Next Post

The Three Factors That Could Topple The Recent Bitcoin Rally

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Is Burger King Interested in DOGE? New Tweet Excites Dogecoin Community
  • Bittrex shuts down operations in the US
  • BabyDoge Price Surges Amid Upcoming Listing on Bybit, Hosts Giveaway Campaign for Users

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$28,452.000.07%
  • ethereumEthereum(ETH)$1,827.15-0.27%
  • tetherTether(USDT)$1.000.14%
  • binancecoinBNB(BNB)$315.14-1.19%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • rippleXRP(XRP)$0.51-3.67%
  • cardanoCardano(ADA)$0.392862-1.56%
  • staked-etherLido Staked Ether(STETH)$1,822.93-0.08%
  • dogecoinDogecoin(DOGE)$0.0767781.08%
  • matic-networkPolygon(MATIC)$1.110.35%
  • solanaSolana(SOL)$21.071.54%
  • polkadotPolkadot(DOT)$6.29-0.57%
  • binance-usdBinance USD(BUSD)$1.000.08%
  • litecoinLitecoin(LTC)$93.573.97%
  • shiba-inuShiba Inu(SHIB)$0.0000112.93%
  • tronTRON(TRX)$0.0667781.17%
  • avalanche-2Avalanche(AVAX)$17.650.28%
  • daiDai(DAI)$1.000.00%
  • uniswapUniswap(UNI)$6.141.24%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,444.00-0.20%
  • chainlinkChainlink(LINK)$7.54-1.20%
  • ToncoinToncoin(TON)$2.257.24%
  • cosmosCosmos Hub(ATOM)$11.16-0.49%
  • leo-tokenLEO Token(LEO)$3.39-2.46%
  • ethereum-classicEthereum Classic(ETC)$20.781.06%
  • stellarStellar(XLM)$0.108715-1.38%
  • moneroMonero(XMR)$156.980.07%
  • okbOKB(OKB)$41.64-0.27%
  • bitcoin-cashBitcoin Cash(BCH)$124.400.43%
  • filecoinFilecoin(FIL)$5.650.58%
  • hedera-hashgraphHedera(HBAR)$0.070509-4.86%
  • lido-daoLido DAO(LDO)$2.39-1.53%
  • true-usdTrueUSD(TUSD)$1.00-0.14%
  • AptosAptos(APT)$11.20-1.49%
  • quant-networkQuant(QNT)$125.21-0.55%
  • crypto-com-chainCronos(CRO)$0.0692780.45%
  • nearNEAR Protocol(NEAR)$1.97-0.01%
  • ArbitrumArbitrum(ARB)$1.33-3.95%
  • vechainVeChain(VET)$0.023268-0.32%
  • algorandAlgorand(ALGO)$0.221211-2.09%
  • apecoinApeCoin(APE)$4.231.24%
  • internet-computerInternet Computer(ICP)$5.16-1.85%
  • eosEOS(EOS)$1.200.24%
  • fantomFantom(FTM)$0.465819-1.66%
  • the-graphThe Graph(GRT)$0.143368-1.75%
  • blockstackStacks(STX)$0.89-3.07%
  • the-sandboxThe Sandbox(SAND)$0.63-0.16%
  • decentralandDecentraland(MANA)$0.591.24%
  • theta-tokenTheta Network(THETA)$1.073.97%
  • elrond-erd-2MultiversX(EGLD)$42.31-0.92%