Prediction: Bitcoin Will Become a Reserve Currency
Gold has long been an asset that central bankers prefer to hold on their balance sheets. Today, with global finance digitizing by the month, an asset born entirely on the internet is now auditioning for the same role.
That asset is Bitcoin (CRYPTO: BTC), and the audition is getting very serious. In fact, I predict that sometime within the next 10 years, this coin will become a reserve asset that at least a few central banks around the world will aspire to hold for the long term.
There are a few things that clearly point toward a scenario where Bitcoin sits beside gold and U.S. Treasuries as an important reserve asset. Let's see what makes this scenario likely, and why things look brighter than ever for the cryptocurrency's future.
Source Fool.com
