Trudeau Predecessor Believes Bitcoin Can Be Reserve Currency
Speaking to Cambridge House’s Jay Martin for a conference clearly aimed at promoting gold, the longest serving Canadian Prime Minister Stephen Harper admitted that when looking at possible future currencies, Bitcoin could also be part of the solution. A remarkable admittance from a man who led his country out of the 2008 financial crisis almost unscathed.
2007-2008 Financial Crisis
Harper, who was succeeded by current Canadian Prime Minister Justin Trudeau in 2015, served nine years as prime minister of Canada, winning three elections as party leader.
He is now mostly tapped as an economics commentator and will forever be remembered for having steered his country out of the 2007-2008 financial crisis almost without any problem, whilst his much bigger neighbor USA was seeing multiple financial institutions like Lehman Brothers and AIG go bankrupt during that period.
The former prime minister of Canada, Stephen Harper, claims #bitcoin could become a reserve currency. One of his favorite aspects of bitcoin is how it's an evolution in the world of currencies. #crypto pic.twitter.com/h6k0eu2jwX— Raja Banks (@wicksdontlie_) January 19, 2021
Asked in particular about the future of the US dollar and any possible role that gold or other safe havens could play, Harper stated:
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 [and] a whole basket of things, right?
Former PM Of Canada Stephen Harper: Says Bitcoin And Central Bank Digital Currencies (CBDC) Stands As Possible Options To Replace Fiat Currencies In The Future— First Squawk (@FirstSquawk) January 19, 2021
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.
His words will be gladly read by the cryptosphere, which is still in shock from hearing the harsh comments in the past few days from ECB President Christine Lagarde, who promised to investigate Bitcoin for it’s funny business.