Central banks will end up holding Bitcoin in their reserves

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Central banks will end up holding Bitcoin in their reserves | Good or Bad?

446 sats \ 20 comments \ @0xbitcoiner 8h bitcoin

Central banks will end up holding Bitcoin in their reserves even though it is ‘backed by nothing,’ Deutsche Bank predicts

Deutsche Bank predicts Bitcoin could be added to central bank reserves by 2030 as its volatility falls and its behavior resembles gold, despite not being “backed by anything.” Recent surges in gold and Bitcoin, driven by central banks seeking diversification and companies creating Bitcoin “treasuries,” show Bitcoin’s growing appeal as a safe-haven asset.

The price of Bitcoin briefly topped $125,000 yesterday, a new record high. And as its price goes up, its relative volatility declines, a new analysis by Deutsche Bank argues. That factor is making Bitcoin more like gold—an asset that has a fixed supply and a low price correlation with other assets.

And that in turn increasingly makes Bitcoin a candidate to be added to central bank reserve assets, according to Deutche analysts Marion Laboure and Camilla Siazon.

“A strategic Bitcoin allocation could emerge as a modern cornerstone of financial security, echoing gold’s role in the 20th century. Assessing volatility, liquidity, strategic value and trust, we find that both assets will likely feature on central bank balance sheets by 2030,” they said in a research slide deck Tuesday.

...read more at fortune.com

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bad33.3%

not sure16.7%

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42 sats \ 1 reply \ @DarthCoin 3h

Bitcoin in central banks means only one thing only:SCAM

Do not give them your sats!

0 sats \ 0 replies \ @0xbitcoiner OP 3h

Meme Monday Champion

33 sats \ 3 replies \ @Undisciplined 7h

I think they'll end up holding some worthless shitcoin, ultimately.

42 sats \ 2 replies \ @0xbitcoiner OP 7h

Only if they were really dumb, but honestly, I wouldn’t even be surprised. They’ve already shown what they're like before.

33 sats \ 1 reply \ @Undisciplined 6h

I don't just mean that they're going to buy a bunch of XRP, or whatever.

I can't imagine that the central banks of the world will be content to allow bitcoin to continue on as a decentralized monetary network that they can't control.

At some point, they'll push a hard fork (under some pretense) in an attempt to take control over the network. Eventually, the resulting FedCoin that they hold will go to zero against the real bitcoin that we hold.

0 sats \ 0 replies \ @Solomonsatoshi 5h

They probably will not need to fork it- they have already largely captured and controlled the protocol..and so slyly that many Bitcoiners, you included, do not even realise it.

Do you pay the tax due upon each and every post and zap? Yeah nah.

Bitcoin as a KYCed, taxed, speculative commodity is little more threat to the fiat monetary hegemony than any other speculative commodity - because fiat monetary hegemony and power is founded upon its monopoly over MoE...and they have already largely slyly but successfully obstructed (if not banned) MoE use.

The Bitcoin p2p payments protocol has already been slyly, but effectively, captured and controlled.

21 sats \ 7 replies \ @kepford 5h

If bitcoin becomes the "money". If it becomes the generally accepted medium of exchange world wide or even just in a few massive economies...

Its inevitable

Bitcoin if it wins over all other forms of money will infiltrate every institution, good or bad. If you understand sound money it will make good things great and bad things less bad.

I say bitcoin (hard money) is good for society. In the end bitcoin will transform the banking system into something different than it is today. I seriously doubt central banks will survive it in the long run. In the short run central banks will add it to their assets.

In the end... it doesn't matter what I want or think about this. It doesn't matter what you think either. It will happen or it won't. If bitcoin is what we believe it is everyone will need it and therefore acquire it. Period.

0 sats \ 2 replies \ @Solomonsatoshi 5h

Bitcoin has been banned for p2p payments in almost all autocracies (70% of humanity) and in the 'liberal western democracies' where it is 'allowed' to be used as a p2p payment the tax recording and reporting and payment obligations that have been imposed almost everywhere make it effectively impractical to lawfully use as a MoE. Do you pay the tax due upon each and every post and zap? Yeah nah. Bitcoin as a KYCed, taxed, speculative commodity is little more threat to the fiat monetary hegemony than any other speculative commodity - because fiat monetary hegemony and power is founded upon its monopoly over MoE...and they have already largely slyly but successfully obstructed (if not banned) MoE use. The Bitcoin p2p payments protocol has already been slyly, but effectively, captured and controlled.

0 sats \ 1 reply \ @kepford 5h

Your hope in the fiat state controlled world is sad to see. These systems of control are slowly crumbling. We are literally watching it happen. We will win. Its just gonna take a long time.

0 sats \ 0 replies \ @Solomonsatoshi 5h

It is not hope but observed reality. Humans are mostly not capable of living and prospering without government. Consider Linux...largely captured and used to operate the internet while the masses are 98% cajoled into using corporate state surveillance OS's Android, Windows and Apple.

I can use Linux and so can you, but the vast majority of humanity are using corporate state surveillance OS...while linux is used to run the underlying infrastructure- just as Bitcoin may well end up held by Central Banks while most people still live under fiat monopolies.

Bitcoin protocol has already been largely captured and controlled. Am not happy about that at all, but just facing the reality of human nature. Governments are no more inherently flawed than people are.

It is in groups that humans can achieve the most. Bitcoin is an example of that but so are governments.

Most people are docile sheep and prefer the safety, security, property rights and prosperity government enables. While the wests global hegemony is in clear decline a multi-polar world with China already dominant in manufacturing, commodity markets, infrastructure construction and military power projection is already evident.

The logical result will be a retreat of the USD hegemony and the advance of Chinese monetary hegemony...simply because they now dominate global markets just like every previous empire once did.

0 sats \ 3 replies \ @0xbitcoiner OP 5h

@remindme in 5 years

0 sats \ 2 replies \ @kepford 5h

Try 20-50 years bud.

One thing I have learned through observation of bitcoiners is that we are not as patient as we would like to believe we are.

I'd love to be wrong about this but I don't think I am. I think the most healthy way to think about bitcoin adoption which is pretty much directly connected to price is as generational wealth.

0 sats \ 0 replies \ @0xbitcoiner OP 5h

@remindme in 20 years

0 sats \ 0 replies \ @Solomonsatoshi 5h

Linux.

21 sats \ 1 reply \ @SimpleStacker 5h

inevitable

0 sats \ 0 replies \ @0xbitcoiner OP 5h

@remindme in 5 years

0 sats \ 1 reply \ @SilentHash 6h

Bitcoin on central bank balance sheets would be a paradox—the most decentralized asset inside the most centralized institutions. It might be positive in terms of legitimacy, but it also opens the door to narrative capture. Will Bitcoin become gold 2.0, or just another financial instrument?

0 sats \ 0 replies \ @Solomonsatoshi 5h

Bitcoin has already largely been captured and controlled. It has been banned for p2p payments in almost all autocracies (70% of humanity) and in the 'liberal western democracies' where it is 'allowed' to be used as a p2p payment the tax recording and reporting and payment obligations that have been imposed almost everywhere make it effectively impractical to lawfully use almost everywhere.

Do you pay the tax due upon each and every post and zap? Yeah nah.

0 sats \ 1 reply \ @hasherstacker 8h

0 sats \ 0 replies \ @0xbitcoiner OP 8h

I didn’t get the meme!