Post
Topic
Board Economics
Re: Could Bitcoin one day become the global reserve currency?
by
abralzain17
on 18/03/2023, 10:26:48 UTC
Bitcoin is a technology that makes our life easier. It does not melt in the face of inflation like fiat currencies. It frees us from the bondage of banks, as it allows us to transfer money without the need for third parties. It has great features.

- However, despite being a new technology, it has very high energy consumption. However, everyone would like it to consume less energy.

- Also, it has been known and traded for years but still has very high volatility. With this appearance, it scares new investors. Because everyone expected it to have a more balanced price performance.

- World history is full of wars. Perhaps we are living through one of the best periods in history. But because of us homosapiens, our world is very prone to chaos. Coins that do not have an armed force behind them, such as Bitcoin, may be a little unlucky in this regard.

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?
In my opinion, bitcoin can be used as a reserve currency on this earth, even as we have heard that there are currently companies that keep bitcoin as a company reserve fund, and I think this is normal, because the fluctuation in the value of bitcoin will not have an impact on the company because only the reserve value is stored in the form of BITCOIN.