{"id":458722,"date":"2021-03-15T20:00:42","date_gmt":"2021-03-15T20:00:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=458722"},"modified":"2024-06-11T14:13:59","modified_gmt":"2024-06-11T14:13:59","slug":"bitcoin-report-card-government","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-report-card-government\/","title":{"rendered":"How Bitcoin Will Become A \u201cReport Card\u201d On The Government"},"content":{"rendered":"

Bitcoin price has pulled back slightly<\/a> from highs, but the trend has been up for over a year now, and is likely to continue as the nascent technology becomes widely adopted by institutions and traditional market investors.<\/p>\n

In the future, the cryptocurrency, according to a top industry figure, will become a “report card” of sorts, scoring the government and its management of monetary policy. Here’s what that means for Bitcoin and why the asset will eventually take on such a role.<\/p>\n

Bitcoin To Become Report Card On The Government<\/h2>\n
The narratives driving Bitcoin these days are nearly endless. There’s the devaluing of precious metals through the digital gold narrative<\/a>; the currency as the future of collateral; “the stimulus asset”; and much more.<\/p>\n
Related Reading | Bitcoin Price Could Close March With First Ever Quarterly Bear Signal<\/a><\/strong><\/em><\/p>\n
The next narrative and role that the cryptocurrency is will play, according to Galaxy Digital CEO Mike Novogratz, is “report card\u00a0for how citizens think the government is doing managing their finances.”<\/p>\n
\n
\u201cWe\u2019re in uncharted territory with how much money we\u2019re printing and #Bitcoin<\/a> is a report card on that.\u201d – @novogratz<\/a> pic.twitter.com\/SHavy76xSh<\/a><\/p>\n
— Swan Bitcoin Client Services (@SwanBitcoin) March 15, 2021<\/a><\/p><\/blockquote>\n