Crypto Won’t Be Money Until IRS Accepts It for Taxes, Top Forex Strategist Says

[Tanimariya]

The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.
Just because bitcoin (BTC, -4.5%) has quintupled in value over the past few months, that doesn’t mean the U.S. dollar is about to get knocked off its perch as the world’s leading currency, according to a top foreign exchange analyst.

For one thing, central banks around the globe own roughly $3.1 trillion worth of U.S. Treasury debt that is denominated in greenbacks, and so have little incentive to let the dollar lose power to a cryptocurrency, said Marc Chandler, chief market strategist at Bannockburn Global Forex.
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[teddalpiaz]

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