"Many Countries Will Replace US Dollar Reserves with Bitcoin (BTC)"
JH Kim
Summary
- Jeremy Siegel, chief economist at WisdomTree, stated that many countries will replace their US dollar reserves with Bitcoin (BTC).
- He emphasized that the biggest threat to the US dollar is Bitcoin, which poses a greater threat than the BRICS countries.
- This statement suggests to cryptocurrency investors the need to consider the global influence of Bitcoin when planning their portfolios.
According to the cryptocurrency-focused media Watcher Guru on the 10th (local time), Jeremy Siegel, chief economist at WisdomTree, stated that "many countries will replace their US dollar reserves with Bitcoin (BTC) in the future."
He emphasized that "the biggest threat to the US dollar is not the BRICS, an alliance of five emerging economies including Brazil, Russia, India, China, and South Africa, but Bitcoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.