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How much will it be missing to see Bitcoin within that asset basket? 🏦 🍊
364 sats \ 7 comments \ @flat24 28 Jul charts_and_numbers
Banks are already preparing to add Bitcoin to their reservations.
How long to be missing for them to make it public?
And how long will it pass until Bitcoin exceeds gold in terms of percentages assigned within those reserves of the central banks?
I think that before 2030 we will be watching some of that.

What do the stackers think?

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0 sats \ 6 replies \ @Solomonsatoshi 29 Jul
It would be good to see this happen but hard to see how it will happen when the role of central banks is to preserve fiat hegemony... You can argue they do hold gold and so holding Bitcoin is a logical step plus Bitcoin has the advantage of being easily transferred between central banks. Time will tell. IMO it looks more likely China will continue to develop its alternatives to SWIFT- CIPS and mBridge which would result in the CBDC Yuan becoming increasingly the reserve currency held by respondent central banks. China now dominates international trade in manufactured goods and commodities so can, and logically has the strong imperative to, use that dominance to advance its monetary system dominance.
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35 sats \ 5 replies \ @flat24 OP 29 Jul
A factor that favors China, is that they are expanding the scope of their Shanghai bag. To other locations in the world, which facilitates that they continue to develop the new model they have with gold and yuan, promoting trade with other nations in their own currency and allowing these actors to finally change those Yuanes for gold in their own Shanghai bag and in the new branches they are building in other regions seeking to further solidify this model.
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30 sats \ 4 replies \ @Solomonsatoshi 29 Jul
Fascinating- I was not aware of this but a search online shows this is happening as you say-
https://nai500.com/blog/2025/06/shanghai-gold-exchange-launches-first-offshore-gold-vault-in-hong-kong/
https://www.scmp.com/business/banking-finance/article/3307555/china-boost-yuan-overseas-gold-storage-facilities-it-challenges-us-hegemony
Looks like you can in some circumstances and locations now exchange Yuan for gold- they may be seeking to expand acceptance of Yuan and the way the Great British Pound was once seen as - good as gold!
The expansion to international gold holding facilities (starting with Hong Kong which is only just outside China!) looks to be a fairly recent thing (the two articles above are both from this year) but if expanded to true global reach this would indeed logically assist in Yuan becoming increasingly accepted internationally.
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49 sats \ 3 replies \ @flat24 OP 29 Jul
Looks like you can in some circumstances and locations now exchange Yuan for gold- they may be seeking to expand acceptance of Yuan and the way the Great British Pound was once seen as - good as gold!
Yes, you are right.
I think that as they "patented" socialism to the Chinese. (Promoting the creation of wealth of the capitalist model, maintaining the control and totalitarianism of the communist model, the great Chinese fusion)
They are riding a kind of Gold to the Chinese standard. not directly supporting the currency with the asset, but allowing the exchange of Yuan for the millenary yellow, as it was in the past.
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0 sats \ 2 replies \ @Solomonsatoshi 29 Jul
It can be argued that the heyday of western power and wealth was the 1930s-1970s mixed economy when a fair amount of socialism was introduced to pacify the masses (free education and in many places free health and education, unionism, welfare, state investment in infrastructure, highly regulated exchange rates, import controls and quotas and trade tariffs, strong policies seeking to produce locally and strict regulation of profit motivated bankers use of fiat debt issuance- commercial banks could only fund productive enterprise- not housing and other non productive asset price speculation etc...during that time the west led by the USA dominated manufacturing - but that since the deregulation of the neoliberal era the wests economy has lost ground in manufacturing and become very much dependent upon financialisation and speculation in financial derivatives, and last but not least a culture of debt has grown.
China is applying its version of the mixed economy- certainly with very heavy handed state control- especially in terms of the allocation of capital- but this is delivering what most Chinese want- economic improvement. Most empires have had their rough edges at the start.
It can be argued today capital directs western governments and voters have little real say beyond cosmetics, democracy has been hijacked by corporpate lobbyists embedded in a revolving door model of patronage and cronyism - while in China the CCP knows that if it fails to deliver economic advance to the majority it risks very likely bloody removal from power under the modern equivalent of Heavens Mandate.
Over time as happened in the west people will want more freedom and 'rights' and the Chinese model may change or take a new form- just as western governments changed from when the British were privateering pirates raiding the Spanish galleons. . . just as today the Chinese are raiding western technology...
Once you rise from the underdog to being the empire the narrative and imperatives change!
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28 sats \ 1 reply \ @flat24 OP 29 Jul
Thank you very much for this comment loaded with data that provide clarity and help to understand much better that the rise of China and the decline of the United States is inevitable.
At any time China will be who takes control of the ship and will be the captain.
While that happens, our only safe refuge is Bitcoin, to be able to escape from the capital control that is coming and escape from the devaluation of the dollar that has been galloping with vigor.
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