Stone X Group’s chief strategist, Kathryn Vera, gave a presentation at the Miami conference, stating that bitcoin won’t be a reserve currency – economics jargon for a currency like the dollar, euro or yuan held by central banks to support global trade and finance – “in her lifetime.” A key reason why the largest conventional currencies are cornerstones of finance is this reserve currency status.
Source: https://www.coindesk.com/business/2024/04/15/there-are-many-bitcoin-critics-left-in-finance-despite-blackrocks-newfound-love/?utm_medium=referral&utm_source=rss&utm_campaign=headlines