Bitcoin On Central Bank Balance Sheets

I was reading crypto news, and one news which popped up is that Bitcoin can be on the central bank balance sheets by 2030. That means it will have the same status as Gold. Bitcoin is the Online Gold, which we all know, but I feel Bitcoin is much more valuable than Gold because of its limited supply as well as a currency.

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If we compare Bitcoin with Gold, I cannot send Gold to someone who is sitting 5K KM away from me, but I can do that with Bitcoin. If someone is in India and I want to trade, then yes I can send him Gold ETF or directly go and give Gold, but if someone wants to trade all across the world, Bitcoin works better.

The news is part of the research from the Deutsche Bank and we are not sure if it will be done or not. But I am damn sure that Bitcoin will see much more acceptance in the coming years. And thus there is a possibility that more and more banks will take advantage of its price. America is actually buying more and more bitcoin through their ETF and other means, and thus in the coming years we will see most of the Bitcoin is acquired by itself.

In India, we have a lot of Gold because ladies love Gold ornaments, and basically, it is their investment. And because of the Indian government policies, we are not seeing that much adaptation of crypto as it should. And I doubt that Bitcoin will find its way to the Reserve Bank of India Balance Sheets. And this way, it is actually losing the crypto race big time. As of today, people view Bitcoin as a speculative asset, but with mass adoption as well as more companies keeping Bitcoin in their balance sheet, it will remove the speculative asset tag and will become a full fledge asset which everyone wants to have in their pocket.

Posted Using INLEO