Bitcoin could reach a price of $1.3 million while gold may top $31,000 per ounce, if the assets become the sole reserve asset across the globe, respectively, according to a new report.
As the U.S. and some other western countries sanctioned Russia by freezing its central bank’s reserves, which include the euro, US dollars DXY, gold and China’s yuan among others, it should “reduce demand for hard currencies as reserve assets, while increasing demand for currencies that can perform the original functions of these former reserve…
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