Quote from: Fortify on Today at 05:29:51 PM

Quote from: jamietao on August 31, 2021, 02:28:48 AM

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

The next president is never going to come out with such a statement, not in the next century at least. The US dollar is the worlds reserve currency, meaning a lot of other countries trust it as a relatively stable asset in an increasingly turbulent world - they're happy to convert their own cash, at whatever the prevailing rate is at, into dollars and even have it slowly inflated away by "quantitative easing" (aka money printing). Having control of the reserve currency of the world is an unbelievable gift to America and gives them control over all sorts of financial levers that other countries will never have. No sane government official in the US would ever suggest such thing, as best it might be begrudgingly allowed as an asset but even then - it simply does not have anywhere near the transaction power needed for everything taking place each day even in a small country.

It is true for now but in near future, the BTC will be the king of the financial world. The BTC is already the most valuable currency in the world. anyone can't change that the next financial world is dealing with crypto and every physical currency will be die in near future.