China Explores Bitcoin as Reserve Asset
— The International Monetary Institute (IMI), a government think tank at the Renmin University of China, has published a paper calling Bitcoin ( BTC ) a possible strategic reserve for developing countries.
— The weakening dollar, rising inflation and falling returns on traditional assets are prompting a review of the composition of reserves.
— Gold is losing its exclusive role, and Bitcoin is increasingly perceived as its alternative.
— “Bitcoin ( BTC ) is transforming from a speculative asset into a strategic one.”
— Despite China's Cryptocurrency Trading Ban, Government Agencies Discuss Bitcoin ( BTC ) as a Way to Counter Dollar Dominance
