Last week, spokespersons for two of the world’s largest and most important central banks, Robert Kaplan of the Federal Reserve and Lo Bi of the People’s Bank of China (PBOC), voiced their views on Bitcoin and how they currently think. central banks assets.
Kaplan, current chairman of the Federal Reserve Bank of Dallas and a former member of the Federal Open Market Committee, said this during the Bitcoin conference at Mays Business School at Texas A&M University:
“Right now, it’s clearly a reserve of value … It’s obviously moving a lot of value, which could prevent it from spreading too far as a means of exchange and broad adoption, but that can change.” .
Kaplan’s statements are quite significant, as the recognition of Bitcoin as a legitimate value reserve further legitimizes the asset that earlier in the year crossed $ 1 trillion in market capitalization.
In addition, Bo, deputy governor of the PBOC, said this at the Boao Forum for Asia on bitcoin assets and cryptocurrencies.
“We believe Bitcoin and stablecoins are encrypted assets,” Li said. “Encrypted assets are an investment option, not a currency in itself. It is an alternative investment, not a currency in itself. Therefore, we believe that cryptographic assets should play an important role in the future, either as an investment tool or as an alternative investment ”.
The comments can be seen as strong statements of support from officials working in two of the largest central banks of the two dominant global superpowers. The dynamic becomes even more interesting as theoretical game competition between China and the United States resumes in recent weeks, with comments from technologist Peter Theil and U.S. House minority leader Kevin McCarthy, who burned the flame, for example.
“[Bitcoin] it’s something that those who regulate, those in government who do politics, are better beginning to understand what it means for the future for other countries to move forward, especially China, “McCarthy said recently.” I don’t want the United States to stay. I want the next century to be ours. “
It is obvious to those who have an understanding of Bitcoin that there is great geopolitical importance with respect to the nation states that adopt it, and the comments over the weekend provide another interesting development in the acceptance of bitcoin as an asset. monetary policy in the inherited financial system.