In the near future, central banks will need to introduce some sort of alternative system in order to preserve economic authority as many conventional currencies begin to lose public confidence due to inflation. Towards this end, the BIS is set to allow member banks to hold 1% of their reserves in Bitcoin.
The Bank for International Settlements (BIS) is now enabling member banks to hold 1% of their reserves in cryptocurrencies, which amounts to over $1.8 trillion in total. This may seem l...
