{"id":55678,"date":"2019-08-24T02:10:02","date_gmt":"2019-08-24T00:10:02","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=55678"},"modified":"2019-08-24T02:10:05","modified_gmt":"2019-08-24T00:10:05","slug":"bank-england-crypto-future-usd-fall","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bank-england-crypto-future-usd-fall\/","title":{"rendered":"Bank of England Admits Crypto is the Future, U.S. Dollar to Fall"},"content":{"rendered":"\n

Crypto <\/a>is here to stay and the greenback is on its way out. That was the sentiment portrayed by the Bank of England’s Governor, Mark Carney, at the central bank meeting in Jackson Hole, Wyoming on Friday. Crazy, right?<\/p>\n\n\n\n

Crypto a Topic at Central Bank Meeting<\/strong><\/h2>\n\n\n\n

Over the past few days, the leaders of the world’s economy, the chiefs of and advisors to central banks the world over, have descended in a little town in (the pro-blockchain state) Wyoming, Jackson Hole. Financial media is also in attendance. There, these world monetary leaders are convening to talk about monetary policy and macroeconomic trends. This comes at an important time, as a growing number of Wall Street analysts and retail investors have begun to call for a recession, just as trade wars have raged and central banks have embarked on money printing sprees. <\/p>\n\n\n\n

One interesting comment came from Mark Carney of the Bank of England, According to a report from Bloomberg<\/a>, the leading central banker said that a Libra-like crypto asset has the capacity to replace the U.S. dollar as the world’s reserve currency. In other words, he’s saying that a digital asset backed by a diverse range of government assets, including bonds and fiat monies, has the potential to usurp the world’s go-to currency. <\/p>\n\n\n\n

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BITCOIN IS THE FUTURE \ud83d\ude4f\ud83c\udffd pic.twitter.com\/ITdKsG9HJ5<\/a><\/p>— Pomp \ud83c\udf2a (@APompliano) August 23, 2019<\/a><\/blockquote>