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Friday, June 28, 2024

Cryptos such as Bitcoin (BTC) are coming to an end! Why? - Part 4

Many people still don't understand why most governments won't keep cryptos as their reserves.  Let's recap below.

https://sg-stock.blogspot.com/2024/06/cryptos-such-as-bitcoin-btc-are-coming.html

Germany also wants to reduce its dependency on USD (dedollarization) and won't keep cryptos in its reserves.  Furthermore, cryptos can't be used in any worldwide CBDC payment system.  Thus, most governments won't keep something in their reserves that they can't use in cross border transactions.
The recent US and Germany's selloffs showed that our analysis was correct.  Cheers!

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