Topic: Bitcoin as a global reserve currency? - page 4. (Read 616 times)
I completely agree but only if you take away the reserve. Bitcoin as a global currency. Why does it have to be the reserve currency when it has all the necessary features for a transparent, borderless, and decentralized global currency? And which currency should be the main one? I reckon it will be the US Dollar or the Euro or the Yen? Why does it have to be them when they are lacking in all of the aspects mentioned?
If there would ever be need for a global reserve currency Bitcoin narrative and activities would pop-up, since a soverign-free, algorithm-based alternative would be more stable and trustworthy and perhaps this would be Bitcoin. This goal would soon be actualized especially as Bitcoin is not too volatile and is widely progressing to be used as a universal settlement token for trading, to be used for contracts even between countries, organizations and persons etc.
I believe in the nearest future businesses and sovereign powers will give up their preference for Fiat, and when this happens it would result to Bitcoin earning general global recognition as an international trading currency that embody trustworthy transactions.
I believe in the nearest future businesses and sovereign powers will give up their preference for Fiat, and when this happens it would result to Bitcoin earning general global recognition as an international trading currency that embody trustworthy transactions.
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