Sentences with phrase «largest global reserve currency»
The majority of executives said bitcoin would become the sixth largest global reserve currency within 15 years.
http://www.the-blockchain.com/
According to a report by International Business Times, by 2030 bitcoin will be the sixth largest global reserve currency.
In fact, a healthy chunk of the US trade deficit is a result of the dollar being the largest global reserve currency.
Not exact matches
What could be more a more fitting end to being the world's reserve currency than to default in the end, but protect their own citizens, and send a large portion of the global banking system into insolvency, aside from that in the US?
Many small countries will peg their currency's value to that of the US dollar, whilst global banks will hold a large portion of currency reserves in US dollar.
The global reserve currency role will flow to the largest economy allowing free flow of capital.
Keeping a smaller currency constantly pegged to a larger national one, to a regional one or even to a global reserve currency, is a difficult task which many central banks around the world have failed to do in the past in times of crisis.