Bitcoin gets another praise singer in the person of Senator Rand Paul, with the lawmaker predicting that the asset could go all the way to become the world’s reserve currency. He cites the unlimited nature of fiat currency and bitcoin’s finite nature as potential reasons for the seismic shift in global monetary standards.
For decades, the US dollar has reigned supreme as the reserve currency of the world. Countries have frantically stacked up on the asset but Senator Rand Paul believes that the trend will soon be a thing of the past. He says that Bitcoin will overthrow the dollar to become the world’s reserve currency.
