Bitcoin & Crypto-Currencies Become Global Reserve Currency after next Financial Crisis.

in #bitcoin7 years ago (edited)

For the Last 10 years Technology & Finance have changed the World at a breakneck speed. With the Invention of Bitcoin & Other Crypto-currencies, trust in National/Private centralized Banks are now on their death bed.

With Recent Events such as Japan legalizing Bitcoin and Australia up next with a No Tax Clause. Bitcoin & Family are turning the corner in Global domination of the finance game.

Armstrong Economics warnings of the Next Global Bank Crisis points out the Fact that The U.S Federal Reserve has announced it will NOT be reinvesting the money when the government debt they bought expires in 2018.

"The Federal Reserve is already shortening their balance sheet. Bills of $426 billion will be due at the Fed in 2018, and again about $357 billion a year later. So the Fed will not repurchase that debt. The US economy is absorbing this because US dollars are effectively the only real reserve currency in the world right now.." This Leaving the Door wide open for Bitcoin and Family to position themselves perfectly to excel from crypto-lovers to World Wide Reserve Currency.

Armstrong goes on to say "The real problem lies with the European Central Bank (ECB) and the Japanese central bank and when they exit their Quantitative Easing programs, their economies are not the reserve currency and lack a solid bid from international capital. The end of QE will lead to a sharp increase in yields on the bond markets, and thus the financing costs for the states will explode far more rapidly today than at any time in past history..."

So hold on Crpto-Lovers.! Our time is Nigh.!!!!

Link Below:

https://www.armstrongeconomics.com/world-news/banking-crisis/the-coming-central-bank-crisis/

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