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Does a country having Bitcon reserve make the local currency stronger?

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Min George

Min George

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I have heard in the news that some countries are having Bitcon reserves. I want to know the particular significance of Bitcon reserves on the local currency of a country.

Does having a Bitcon reserve make the local currency stronger?
 
Good question. If a country adopts or has a Bitcoin reserve, it can indirectly strengthen or weaken the local currency depending on the market or if the BTC price drops drastically. So, Bitcoin indirectly protects the country from inflation, increases investor confidence, and so on.
 
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