Post
Topic
Board Economics
Re: USD vs BTC
by
Bitcoinbee
on 10/06/2016, 07:54:04 UTC
Many international experts believe that the dollar's dominance will not last forever. Director General Coinbase Brian Armstrong believes that Bitcoin will be able to surpass the dollar and become a global reserve currency in 10-15 years.
Those who foresaw the end of the dominance of the dollar in the near future, consider that there are reasonable grounds for such assertions. The reasons for this conclusion are factors such as "quantitative easing", which creates too much liquidity and reduce its cost, lack of demand outside the United States, where more than half the world's dollar reserves, bilateral trade agreements, the number of which is growing rapidly and moving goods and services in dollar detour to avoid its impact on trade.

To date, there is no such universal currency that could replace the dollar, so until then, until a stable solution is not found, a temporary replacement can be a "basket of currencies". After more than seventy years of unlimited economic power only a few days remain dollar. Therefore, many have already started to look for Bitcoin.


I can agree with that for now, because we have to mine bitcoins to the value of trillions of dollars before it could dominate the tradings worth multi-million dollars per package.