How Safe is it to Keep Cryptocurrency as a Reserve Funds

[Nomad]

Do you think it is safe to use crypto currency as a reserve currency either by individuals, institutions, or even governments? Even though there is a huge surge in crypto market these days, until recently we have also see a lot of low points for various crypto currencies, thus proving that price fluctuates too frequently and makes it overly a volatile currency. Therefore, I believ crypto is not a good asset to be used as a reserve currency. What do you think?

 

[Augusta]

Yes I agree with you as the nature of crypto is Volatile. We can't just predict how it turns out in the future of left as a reserve

 

[King Belieal]

You can keep stable coins as reserve funds. There is no risk of volatility with keeping of stable coins.

 

[eLdavis]

I don't think it's advisable to use crypto for this, unless you plan on using stake coins like usdt then I think this is okay.

 

[Suba]

If you want to keep crypto as a reserve fund, it will depend on the type of crypto, whether bluechip coin, meme or Top 10 altcoin. Reserve funds are no different from long-term investments so you should only choose BTC, Ether or BNB.