The US dollar has been the global reserve currency for the last 60 years or so. However, Russia and China are both indicating that they want to move off the US dollar system, having voiced concerns over how expensive it is, and the fact that the US weaponizes their currency on a shockingly frequent basis (see Iraq, Eritrea, Haiti, Laos, Lebanon and around 25 other countries with US imposed sanctions and embargoes). However, if we’re being realistic, we need a global reserve currency of some kind. That’s where Bitcoin comes in. Bitcoin is set to become the next global reserve currency – here’s why.

Why Bitcoin?
Bitcoin might not be a perfect currency yet, given that it’s prone to volatility and has far less liquidity than other global currencies, but it’s definitely a good option. Unlike the US dollar, Bitcoin is immune to seizure and censorship. Whether you’re an individual or an entire country, the option to resist seizure and censorship is probably of much more importance than volatility, liquidity, or adoption. Bitcoin can’t be taken away from you, unlike the US dollar.

The US will continue to weaponize the dollar, and will face increasing resistance for it. As this happens, belief in Bitcoin’s functionality as a means of bypassing seizure and censorship will grow, and we’ll see the US dollar falter as a reserve currency.

Read More here: https://tokenhell.com/bitcoin-is-set-to-become-the-next-global-reserve-currency/