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19.12 - 09:23
How the govt. can ‘hedge against a world where there’s a Bitcoin standard’
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The gold standard was shrugged off by the United States a long time ago. However, the precious metal has remained a primary hedge, not just for personal investors, but also for sovereign funds. While the United States dollar has acted as an exchange standard for most countries since, a depreciation in its value due to rising inflation has led to many looking for an alternative avenue. That’s where the top cryptocurrency Bitcoin steps in.
Many believe that the dependence on gold will first have to be eradicated for Bitcoin to reach its full potential. However, CoinMetrics’s Nic Carter has suggested a strategy for their co-existence. During a recent interview, the investor opined that BTC and Gold belong to the same ideological family while
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