Post
Topic
Board Economics
Re: Bitcoin as a leading currency?
by
indrakusumaindra
on 07/06/2019, 15:06:38 UTC
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.

Well im sure it would be really bad, BTC is already become a leading cryptocurrency and its make the market so volatile cause almost all coins are following the bitcoin price. I do think its not health for crypto company cause they could be drag down by the bear market. I do believe we still need a stable coins as a leading currency instead of bitcoin.