Post
Topic
Board Economics
Re: Could Bitcoin one day become the global reserve currency?
by
Asiska02
on 10/03/2023, 20:46:09 UTC

I think these three problems may not be solved and these three problems may prevent bitcoin from being a reserve currency.

What do you think about the subject? Can you share some enlightening information for me?

The most significant factor that will deter companies from using bitcoin as a reserve currency is its volatility. I believe that those companies that are already using it as a reserve currency are doing so gladly because they have faith in the currency and the possibility of profiting from it in the future; they are simply following the trend but have a backup plan. Bitcoin will not be their sole reserve currency, but their investment with bitcoin will enable them to sell their services to their customers who are interested in partnering with them.