The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.
yes, bitcoin maybe the king of all the crypto currencies that are currently present and may stay as king for a very long time. but saying bitcoin will become a main currency for any country is a bit too far of a stretch. while i completely agree that bitcoin really does satisfy the necessary conditions, i still really don't think that it can replace any main currency yet. heck, i don't even think that it will be possible for bitcoin to become something like that. it is pretty obvious as to why. it is simply because there are just too many things that needs to be considered plus the fact that a lot of people are really pushing against bitcoins and all other cryptos because of personal reasons.
you see, i too believe in bitcoin. i actually love its rich history and ideologies.
which is why i am still here. trying to get a hold of as much bitcoins as i can.
but i just cannot see bitcoin as a main currency, it is just something that is
completely impossible. but still, anything can happen. so we'll just have to
wait and see.