Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!
Gold and Oil didn't replaced anything, and they will not be replaced, they are their own thing. Back in the day gold was very valuable not because of financial reasons but because people lacked it so much and it was used for things, eventually it turned into asset of course and now there are people who use it like just investment.
Same goes for oil, back in the day it was something that was used in many many many different places and these days it is still used like crazy, gold is not used "that" much anymore, even payments were made in gold back in the day but now there is limited places that uses gold, whereas oil is still used like hell but we still have people who own "oil" in assets, they do not actually own it, they just own it virtually and just sell it when it goes higher. Same could be said for bitcoin, people will either use it, or maybe just let it be an asset, doesn't need to replace anything, it could be its own thing.