Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
Inevitably bitcoin's indeed the most widely used cryptocurrency than other cryptocurrencies, this thing is evident from the many service providers or exchanges that serve bitcoin selling/buying transactions wherever we are.
Now the development of Alt-coin is no longer dependent on bitcoin, because of the many facts that show, that the growth of cryptocurrency is actually very dependent on most of its active users.
Bitcoin is very likely to be used as a reserve currency especially for countries affected by inflation, such as Zimbabwe and other countries. But also, bitcoin will function as a parallel moving currency along with the fiat currency.