New York (CNN Business) The price of Bitcoin has soared this week while the US dollar -- the world's number one reserve currency -- tumbled. Bitcoin was up some 5% Tuesday afternoon, while the US dollar index was down 0.6%. The US dollar is the world's reserve currency, meaning that companies, countries and central banks are keeping it in their accounts. Reserve investors such as central banks aren't looking for the biggest return. Another reason bitcoin isn't about to become the world's reserve currency is that it's not really a currency, wrote Chandler on his blog.

Source: The Nation February 09, 2021 22:02 UTC