Post
Topic
Board Bitcoin Discussion
Re: What would happen if BTC were to be adopted as a global reserve currency?
by
BlackBoss_
on 25/12/2023, 04:41:25 UTC
would the Government of the Nations adopt BTC, a decentralized form of digital currency?

If they do, dont you think we should raise eyebrows and be suspicious of what they could be up to?

how would it affect the crypto market and individual traders?
Bitcoin has good adoption growth and will be accepted legally in more countries. Some small nations will make Bitcoin legal tender like El Salvador and Central African Republic but to become a global reserve currency, it is impossible or if it happens, I won't expect I will see it in near future.

[1] https://coinmarketcap.com/legal-tender-countries/

From Gold standard to USD. standard, it takes a long time and to achieve Bitcoin standard globally at governmental scale, it will need many years.

The bullish case for Bitcoin.
The Bitcoin standard: The Decentralized Alternative to Central Banking. It's 312 pages and you can download it from this link https://drive.google.com/file/d/1A2S8PK4JiYSekQZQs7kEw-BkSOc0j_ei/view?usp=sharing