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RE: Bitcoin As Transactional Money

in Threespeak4 years ago (edited)

The US dollar will eventually lose its dominant position in the international currency system one way or another. It will happen regardless of Bitcoin.

Bitcoin will stabilize and mature at some point. Maybe it will become the politically neutral dominant reserve currency of the world. The world is destined to become much more multi-lateral than it currently is. The US will try and cling to its power and China seems to be building its own power base. I find it unlikely that the countries of the entire world will agree to let any single party dictate the rules of the financial world, if they have choice. Increasingly, they will have choice as their economies grow, which will happen owing to the simple fact of there being so many low hanging fruit to be picked.

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