In year 2009, China’s central bank proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
Zhou Xiaochuan, the former central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.
China was concerned that the trillions it holds in dollars will be worth less if dollar inflation sets in. This could happen as a result of increased U.S. deficit spending and printing of U.S. Treasurys to support U.S. debt. China called for the International Monetary Fund to develop a currency to replace the dollar.
This happened in 2009 at the very time Bitcoin took birth and started booming in financial sector as disruptive means of international transaction .
From the above incident it is quite possible #Bitcoin is here to serve as international currency which is disconnected from individual nations.
I just found this article and can't help myself spreading this with the crypto community.
Nice info man.. keep it up..
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