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RE: πŸ‘‘ Why Bitcoin will be crowned the global reserve currency πŸ‘‘

in HODL β€’ 5 years ago (edited)

Thanks for this insightful article!

While I agree that COVID might have put Bitcoin on the map, I don't see BTC becoming a world reserve currency for at least the next 40 to 50 years (if ever), the resilience of the USD and the immense rise in popularity of stablecoins show (at least to me) that fiat currency isn't nearly as doomed as some people in the community would like it to be.

I think the situation in LATAM is very interesting, afaik, the most of the volume there come mostly from Bitcoin being used as a remittance tool between countries like Venezuela / Colombia / Argentina which is also another form of adoption.

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Very interesting thoughts and comments, thank you @f0x-society !

I think if it happens it will be sooner as emerging economies are getting stronger and more annoyed with USD dominance (China, Russia...) and therefore they prefer a currency thath "nobody" controls compared to one reinforcing their competitor. Just a thought.

Considering the current COVID19 situation in LATAM, I am quite worried about the instability over there... Let's see if they can handle it.

@vlemon