While discussing the dominance of the US dollar with investment service Cambridge House, Harper noted that it is difficult to find a direct fiat alternative. He stated that, alongside gold, a whole basket of things—including Bitcoin—could expand to serve as reserves. 🌐 The Post: Digital Gold or Digital Bubble?
: Canada's current Prime Minister, former central banker Mark Carney , has been a vocal critic of Bitcoin. He famously argued that Bitcoin has "serious deficiencies" due to its fixed supply and has largely championed Central Bank Digital Currencies (CBDCs) instead. Former Canadian Prime Minister Lists Bitcoin as...
What makes this scenario incredibly interesting is how it starkly contrasts with the actions of newer political leaders: While discussing the dominance of the US dollar
When a conservative economist admits that non-governmental digital assets are actively contesting the dollar for reserve-currency status, the narrative shifts. Bitcoin is no longer just a playground for internet geeks or speculative traders. It is an asset being weighed on the scales of global geopolitics. : Canada's current Prime Minister, former central banker
However, his admission that Bitcoin could eventually be lumped into a basket of reserve currencies alongside gold is a massive nod of legitimacy. He basically acknowledged that the monopoly of the US dollar as the world's primary reserve asset might eventually give way to a diversified portfolio of alternatives. ⚖️ The Central Bank Dilemma
Harper sits fascinatingly in the middle. He doesn't dismiss Bitcoin entirely, but he remains deeply concerned about "wild experiments" in central banking. 🚀 What This Means for the Future