Superpowers Want New Global Reserve

China has recently come out with their digital Yuan. A few American companies that are located in Chian have started to use this new digital currency. We are on the cusp of something major. Historically, there appears to be a pattern that the global reserve currency is replaced roughly between every 30-40 years. Nixon, in 1971 removed the gold standard and about 30 years before the USD become the global reserve currency.

In 2009, during the great recession, China had suggested removing the USD as the global reserve. However, they were not positioned as they are now to make such recommendations.  Back in 09, China was the largest holder of USD financial assets. As the world's biggest economy, China can now capitalize on the USD demise. The beast from the east has risen.

Bitcoin was created in 2009 as a solution to our current financial issues. With its creation, came a new system that too solved issues pertaining to the internet-Blockchain. Coincidences do not exist in my eyes. The elusive Satoshi Nakamoto knew exactly what he or she was/is doing. A few years later a platform coupled with a new cryptocurrency came into existence with the goal to become one of the new global currency reverses; that is Ripple and XRP. This platform allows for instantaneous global remittances. The future is here...It is time for the old ways to die and make way for the new. 

The New Safe Haven

For the past few years, China has been embracing the new world of finance. After all, they have been attempting to improve the infrastructure of the world. By now, everyone knows about Bitcoin and some know about Blockchain.Many countries have begun to adopt this new technology. America, however, has been slow to act when it comes to the crypto scene, but that may be changing.  The leader of tomorrow nyst work to adjust and improve their financial foundation. Ladies and gentlemen the war of this generation will be fought digitally resulting in a paradigm shift.

As of March 26th Brian Brooks, a former Fannie Mae executive and former CLO of Coinbase, has accepted the position of COO at the U.S Office of the Comptroller of Currency. This is a clear indication that the US is preparing their entrance into the world of digital currency. My guess is that Coinbase will gain access to the US market with their new Visa card based on current trends.

Timing is everything, and China appears to be positioning itself to jump in at the right time. Two days before Brooks accepted the position, China grew closer to their goal of releasing the digital Yuan.  Many "private" companies in China have completed the groundwork for a digital currency. This is the new Cold War.

The currency of tomorrow will likely be hybrid: digital coupled with physical; i.e.  a form of cryptocurrency backed by physical gold and silver. Despite our delayed start we still have time.