I believe that increased HODLing will maintain volatility, and the limited supply of Bitcoin is being collected in long terfm wallet holdings.
Internation trade is most likely to be conducted using some form of IMF credits as global corporatism increases.
Topic: Bitcoin could one day be a preferred currency for conducting international trade - page 2. (Read 289 times)
March 04, 2021, 11:42:14 AM
March 04, 2021, 11:15:14 AM
Maybe if one day the volatility of Bitcoin can be significantly reduced, it can help it to become the preferred choice in international transactions.
Assuming that:
- bitcoin continues to grow in marketcap from here
- government regulations finally calm down
- various governments worldwide make up their minds on what their stance is with Bitcoin and cryptocurrencies in general
- bitcoin becomes more available to other countries and cities worldwide
then it's a pretty safe assumption that volatility will decrease to some extent. I think it's highly likely.
March 04, 2021, 09:56:10 AM
This is a strong possibility but for this to happen there are many factors that must be in place. Maybe if one day the volatility of Bitcoin can be significantly reduced, it can help it to become the preferred choice in international transactions. And merchants between countries have to be persuaded to ditch the USA Dollar in exchange for Bitcoin. We therefore need a critical good rate of adoption between countries for Bitcoin to be the prime choice of currency for international business.
March 04, 2021, 09:18:10 AM
TBH, Bitcoin is more of an asset than a currency.
It really doesn't matter what you think(and I'm saying this in a polite and an non-aggressive way). Not because bitcoin is mostly used as a hedging asset(SoV) and as a speculative investment, it doesn't mean that some other people or companies wouldn't be able to use it as a currency.
March 04, 2021, 09:06:04 AM
According to analysts at Citibank, Bitcoin could one day be a preferred currency for conducting international trade.. READ THE FULL ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/03/04/according-to-analysts-at-citibank-bitcoin-could-one-day-be-a-preferred-currency-for-conducting-international-trade/
It's just analysation but hard for massive implementation since I don't know if majority of traditional merchants and other big institution to allow this remember fiat system rooted so much on economy so bitcoins will really get a hard time on this plus we have a big problem with volatility since if someone manipulate this well it's a huge mess for company who invested so much on bitcoins.
March 04, 2021, 08:30:37 AM
According to analysts at Citibank, Bitcoin could one day be a preferred currency for conducting international trade.. READ THE FULL ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/03/04/according-to-analysts-at-citibank-bitcoin-could-one-day-be-a-preferred-currency-for-conducting-international-trade/
TBH, Bitcoin is more of an asset than a currency.Depends though, maybe there are people using it as a asset and then some passing it as a currency for cross border payments, which I think was one of the reason why Satoshi created it in the first place. So what the report says could be happening already, as you can send bitcoin or even other crypto's across the border. Specially in the sector of remittances, wherein crypto will shine the most.
March 04, 2021, 08:16:22 AM
According to analysts at Citibank, Bitcoin could one day be a preferred currency for conducting international trade.. READ THE FULL ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/03/04/according-to-analysts-at-citibank-bitcoin-could-one-day-be-a-preferred-currency-for-conducting-international-trade/
TBH, Bitcoin is more of an asset than a currency. 
March 04, 2021, 07:58:17 AM
The fundamental pillars to their conditional ("could") claim, are depicted on pages 83 and 84 of their full report, and are describes as bitcoin having a:
They analyse the set of past and present evolution of bitcoin, the set of services that have been created and matured overtime, and take a peep at what the future may layout, amidst some uncertainties. The report does not solely focus on bitcoin as a currency for international trade, but also explores the venues of its role as digital gold, a new type of payment system, and its role as a crypto North Star.
Full report:
https://ir.citi.com/_tpHpW8MfaZ1QXwGmP1JGMGXXI95qXm3IMJzUJScLMb6XIjtOls6EbDehXMR3B_o9Opi7mdc5tQ%3D
Quote
Borderless Design <…>
Lack of FX Exposures <…>
Faster, Potentially Cheaper Money Movement <…>
Secured Payment <…>
Traceability <…>
Lack of FX Exposures <…>
Faster, Potentially Cheaper Money Movement <…>
Secured Payment <…>
Traceability <…>
They analyse the set of past and present evolution of bitcoin, the set of services that have been created and matured overtime, and take a peep at what the future may layout, amidst some uncertainties. The report does not solely focus on bitcoin as a currency for international trade, but also explores the venues of its role as digital gold, a new type of payment system, and its role as a crypto North Star.
Full report:
https://ir.citi.com/_tpHpW8MfaZ1QXwGmP1JGMGXXI95qXm3IMJzUJScLMb6XIjtOls6EbDehXMR3B_o9Opi7mdc5tQ%3D
March 04, 2021, 07:37:02 AM
Well, that's your blog. Right?
What Citi is telling is already happening and they've just said that it could increase greatly by this time. It is a fact that bitcoin is already being used in international trade, in many kinds of trade.
What Citi is telling is already happening and they've just said that it could increase greatly by this time. It is a fact that bitcoin is already being used in international trade, in many kinds of trade.
March 04, 2021, 07:08:46 AM
There is a common saying, "the future starts now."
Maybe they mean large-scale trade. In fact, we have started the future of international trade with bitcoin payments for a long time through this forum. And citibank also needs to venture further to various market sites in the world, especially dark web.
Maybe they mean large-scale trade. In fact, we have started the future of international trade with bitcoin payments for a long time through this forum. And citibank also needs to venture further to various market sites in the world, especially dark web.
March 04, 2021, 06:44:35 AM
According to analysts at Citibank, Bitcoin could one day be a preferred currency for conducting international trade.. READ THE FULL ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/03/04/according-to-analysts-at-citibank-bitcoin-could-one-day-be-a-preferred-currency-for-conducting-international-trade/
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