Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

Stephen Harp­er, an econ­o­mist and the for­mer prime min­is­ter of Cana­da, said bit­coin could poten­tial­ly see use as a reserve cur­ren­cy, but isn’t going to sup­plant the U.S. dollar’s inter­na­tion­al role.

In an inter­view with Cam­bridge House’s Jay Mar­tin on Sun­day, Harp­er acknowl­edged that the dol­lar had been on a down­trend, but said there were few viable inter­na­tion­al alter­na­tives, even when look­ing at the euro and the yuan.

“Unless the U.S. becomes a cat­a­stro­phe, it’s hard to see what the alter­na­tive is to the U.S. dol­lar as the world’s major reserve cur­ren­cy. Oth­er than you know gold, bit­coin, … a whole bas­ket of things, right?” said Harp­er. “I think you’ll see that the num­ber of things that peo­ple use as reserves will expand, but the U.S. dol­lar will still be the bulk of it.”

ANNOUNCEMENT

Big Tech is at war with you! They don't want you to see the truth. Bookmark us and visit daily. 

JOIN OUR POPULAR NEWSLETTER

Send this to a friend