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!!
I don't think so that the gold neither oil can be replaced by bitcoin. Each one of them have their own functions in our economy and that can't be change anytime soon.
Gold can only be replaced by something that have a similar use like some rare metals or even diamond or something like that. Also for the oil, can be only replaced for something that have some similar use for the economy. Bitcoin can't make your stove or car engine running for basics.
Bitcoin have its own function, it can be an asset or investment and make multiple profits. Or even used as an digital currency for payments. So it's very impossible for now that bitcoin can replace gold nor oil.