Central Banks likely to Buy Cryptocurrencies in 2018

With the consistent devaluation of G7 currencies against Bitcoin and other cryptocurrencies, Central Banks will begin to shift their stance in order to ensure some stability in the resources they hold. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) has already sent out a caution about the disruptive tendencies and abilities of cryptocurrencies.

In 2018 as Bitcoin and other cryptocurrencies begin to emerge as the largest of the world’s currencies, G7 Central Banks will begin to consider being a part of the crypto-action. With cryptocurrencies’ 24/7 trading and no-days-off regime, it makes the space attractive enough for Central Banks to want to participate. It is projected that cryptocurrencies will be a de-facto investment instrument for Central Banks