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Blockchain CEO: Central banks will begin holding digital currency, including bitcoin, in 2018
theblaze.com
According to the CEO of the most widely-used bitcoin wallet company in the world, central banks will likely start holding digital currency — including bitcoin and Ethereum — as part of their reserves in 2018.
In an interview with CNBC, Blockchain CEO Peter Smith indicated that he believes that central banks will not be able to avoid including digital currency as part of their reserve portfolio for much longer.
The purpose of the central banks’ reserves — which typically consist of things like gold and foreign currencies — is to protect their financial solvency in the event of major market shocks or currency collapse.
According to Smith, bitcoin is already one of the top 30 currencies by supply in the world, which will put pressure on central banks to begin holding it...
If central banks do begin adding digital currency to their reserves, then investment in digital currency will likely become much more widespread, as more mainstream investment firms will likely respond by adding digital currency to their investment tranches.
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