It will be the end of the US dollar being a reserve. There are two reasons it is the reserve. The US is the strongest and largest economy creating a fairly stable currency. Second is our paper money is private and not traceable. A digital dollar will eliminate the privacy and open up a dystopian world where the government can turn off your “cash”. That in and of itself will make many places around the world not want to use it as a reserve.
gopher_slayer t1_ixs62sw wrote
Reply to How will Digital Dollar effect Purchasing Power? by shh_create
It will be the end of the US dollar being a reserve. There are two reasons it is the reserve. The US is the strongest and largest economy creating a fairly stable currency. Second is our paper money is private and not traceable. A digital dollar will eliminate the privacy and open up a dystopian world where the government can turn off your “cash”. That in and of itself will make many places around the world not want to use it as a reserve.