Former Canadian Prime Minister Stephen Harper Sees Bitcoin & Gold as a Reserve Currency Option
As Bitcoin consolidates in the range of $30k-$40k after more than a 1,000% run-up from March 2020 sell-off amidst the money printing and zero to sub-zero interest rates, people are working on better understanding the leading digital currency and protecting their wealth with this hedge against weaker dollar and risk of inflation.
Recently, Stephen Harper, the former prime minister of Canada, said Bitcoin could be among the assets that can potentially replace the dollar as a reserve currency.
“It’s hard to see what the alternative is to the U.S. dollar as the world’s major reserve currency. Other than gold, Bitcoin, a whole basket of things […] I think you’ll see the number of things that people use as reserves will expand, but the U.S. dollar will still be the bulk of it.”
An economist, Harper served as the 22nd prime minister of Canada for nearly a decade, from 2006 to 2015. Harper said,
“Ultimately, if you have a digital currency and the purpose of the central bank is to control inflation and create a stable currency and priceability, then the digital currency is just kind of an evolution of the marketplace.”
“Completely” Understand Crypto, Please “Dive In”
Among the people increasingly getting into crypto, celebrities have started jumping in as well. However, this celebrity interest is just trickling in and yet to see the downpour to signal the market top.
This time it is stand-up comedian Norm Macdonald, who name-dropped cryptocurrency to his 1.1 million followers. deadpan Macdonald said on Sunday,
“Hey, guys I understand completely. When I finally understood the underpinnings of crypto, it was one of the most edifying moments. It is so deep, please dive in. I studied six months eight hours a day and what a joy. And I hope you get as lucky as I did as a result. Peace.”
Thanks, Ray, I think you're right. https://t.co/IKIPRtCk5C
— Norm Macdonald (@normmacdonald) January 17, 2021
“It is really my sensei's advice, who wants to stay anonymous,” reads one of Macdonald's responses to another Twitter users’ comment on his original tweet. “I certainly don't want people to lose, and I gain nothing. I just love my followers and see great opportunity.”