Shouldn't all crypto be backed by bitcoin ?
How could a "Bitcoin Standard" emerge? For example, if you could pay for food service etc everywhere with bitcoin, would that be enough to essentially drive bitcoin as a backing standard ?
Remember that bitcoin is a new currency that is not up to twenty years it has been introduced to the world so before it will become a standard currency which every nation will use for buying and the selling of commodity it will be very difficult because some countries currently but not know anything about cryptocurrency and the awareness he still unbelievable and the trustworthy so with that alone I think bitcoin will experience more twenty years ahead before it can be accepted in all the country or all the nation