Quote from: Abiky on January 30, 2023, 10:10:14 AM

Quote from: Smartprofit on January 25, 2023, 11:07:34 AM

In my opinion, Bitcoin has a great chance of becoming the world's reserve currency. It is no coincidence that Bitcoin is called "digital gold".

I believe that in the future, the Central Banks of all countries will have Bitcoin in their gold and foreign exchange reserves. Also, the first cryptocurrency will be an integral part of the reserves of large pension funds, public and private corporations, as well as very rich and influential oligarchs - individuals.

As for the use of Bitcoin as a means of payment, then the prospects are less optimistic.

The Bitcoin network has a lot of flaws at the technological level that prevent its widespread use as a means of payment.

Bitcoin could be on banks' balance sheets just like Gold, but it will never become a "global" currency because of its decentralized and censorship-resistant nature. Governments simply won't allow this to happen. Of course, people can still use Bitcoin worldwide through the Internet. But it won't be recognized officially by mainstream governments as the world currency because of the reasons mentioned before. Fiat currencies are on the brink of collapse, so it should only be a matter of time before adoption for BTC goes all the way to the moon.

As long as the community keeps Bitcoin decentralized, we should have nothing to worry about. Who knows if BTC lives for generations? Just my thoughts Grin

In my opinion, it is the fact that Bitcoin is a decentralized asset and a globally recognized asset that will prompt the Basel Committee to decide to include it in gold - the central banks' foreign exchange reserves.

Initially, Satoshi Nakamoto designed Bitcoin as money to be used in an environment where individuals do not trust each other. In a situation of collapse of the world global financial system, there will be no trust not only between individuals, but also between individual countries.

Bitcoin in this situation is an ideal reserve asset. Its blockchain is transparent to track individual transactions and is protected from political censorship due to its decentralized nature.