Giacomo Zucco: Bitcoin, banks, monopoly & tokens (I)
Crypto Voices
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The Acceptance Phase of Bitcoin
I see Bitcoin playing this role of the unified global money or global asset. I think even central banks may eventually use it holding a Bitcoin as a form of reserve asset which is nobody's liability but if we come to this phase it's actually ironic because if central banks are using Bitcoin as a reserve asset that means Bitcoin actually is money and if they are storing it as a reserve Asset why should we use their currency not Bitcoin directly so it's kind of they have nowhere to go.
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