Share this article

Where Does Bitcoin Fit in the Global Reserve Currency Game?

On this "Speaking of Bitcoin" episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for a look at the past, present and future of global reserve currencies.

Updated Sep 14, 2021, 10:11 a.m. Published Oct 17, 2020, 7:00 p.m.
SOB RESERVE CURRENCIES RELEASE

On this "Speaking of Bitcoin" episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for a look at the past, present and future of global reserve currencies

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

For more episodes and free early access before our regular releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaiHeartRadio or RSS.

Advertisement

This episode is sponsored by Crypto.comNexo.io and Elliptic

In the beginning there was the global reserve currency (U.S. dollars), national currencies like the Japanese yen, alternative currencies like Ithaca hours and just one cryptocurrency, bitcoin.

But what a difference a decade can make. Today there are thousands of cryptocurrencies, many created by enthusiasts who have ideas on how to make something even better than bitcoin, but also currencies that use some of the technology that makes bitcoin so powerful, but which pairs it with the authority of a national government like the digital yuan in China, the digital euro out of Brussels, or even a globe-spanning corporation with billions of customers like the libra, backed by Facebook.

In this emerging picture, is bitcoin still interesting? First attempts, which bitcoin very much is, are often not the successful attempts. And, importantly, as the world changes and we get closer to something other than the dollar standard, where does bitcoin fit?

See also: Getting Internet Identity Right, 30 Years On

More For You

BitSeek: Decentralized AI Infrastructure Revolutionizing the Web3 Industry

More For You

Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying

alt

Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.

What to know:

  • Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
  • The rally coincided with significant spot BTC price premium on Coinbase.
  • Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.