Surprising BTC and Altcoin Prediction from Analyst Knowing Every Step of Bitcoin!
The outstanding commodity trader, Peter Brandt, with almost forty years of experience, predicts that Bitcoin or another cryptocurrency will not be part of the new global reserve currency. According to the graphic designer, the new global reserve currency basket can consist of the best fiat currencies (US dollar, Japanese yen, Euro and others), precious metals and crude oil.
Legendary analyst: Bitcoin will not be part of the new global reserve currency
Master analyst Peter Brandt says he will not return to the gold standard of the world. Legendary analyst Peter Brandt also stresses that Bitcoin or other cryptocurrencies will not be part of the new global reserve currency. According to Peter Brandt, the new global reserve currency basket can consist of the best fiat currencies (US dollar, Japanese yen, Euro and others), precious metals and crude oil. Peter Brandt adds:
THE WORLD CAN ADOPT AN “SDR” GLOBAL RESERVE CURRENCY UNIT CONSISTING OF USD, JPY, CNH, EUR, CAD, AUD, GBP, GOLD, SILVER, CRUDE OIL. BITCOIN OR OTHER CRYPTOCURRENCIES ARE NOT PART OF THE BASKET.
Is it going to the U.S. gold standard?
Returning the U.S. to the gold standard abandoned by its former president, Richard Nixon in 1971, once again became a hot topic this week, when the Senate Banking Committee approved Trump-nominated economist Judy Shelton to the Federal Reserve Board. However, committee chairman Mike Crapo said that the country’s views on monetary policy have not changed. Mike Crapo adds:
MANY OF THEM HE TRIED TO DESCRIBE SHELTON’S VIEWS ON THE GOLD STANDARD AND MONETARY POLICY AS MAINSTREAM THINKING FOR THIS POSITION. I ABSOLUTELY DISAGREE WITH THESE THOUGHTS.
Critics constantly criticize the FED for infinite money pressure and spending, while some argue that unprecedented incentive measures are needed to support the economy.
Peter Brandt: Finally, the entire monetary system will go beyond paper fiat!
Even if Judy Shelton joins the FED, Peter Brandt does not believe in the idea that the world will return to the gold standard. The analyst believes that the global monetary system will develop the “past paper fiat”. Peter Brandt adds:
EVENTUALLY THE ENTIRE MONETARY SYSTEM WILL GO BEYOND PAPER FIAT. BUT IN THE NEAR TERM (10 TO 20 YEARS), THE ONLY WAY OUT OF GOVERNMENT DEBT IS TO LOWER THE USD.