November 5, 2015

Bitcoin to become sixth largest global reserve currency by 2030

Bitcoin will become sixth largest global reserve currency by 2030, while banks are set to invest over $1bn in blockchain technology over the next couple of years, according to research carried out by Magister Advisors, a Silicon Valley investment boutique.

Bitcoin is experiencing a bull run at present in terms of price, fuelled by things such as the recent European Court's decision to call it a currency and make exchange transactions VAT exempt. Read more.

IBT

Related,
Bitcoin to be 6th largest reserve currency by 2030: Research (video) - CNBC

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