Quote from: 0t3p0t on May 10, 2024, 06:33:35 PM

Quote from: Abiky on April 17, 2024, 06:10:11 PM

With central banks struggling to keep inflation under control, people are beginning to lose trust in the traditional financial system. Some politicians (eg: Javier Milei) even suggested to abolish central banks as they're the main cause of the world's economic problems.

If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?

What's your opinion? Your input would be greatly appreciated. Thanks.

I don't think government would choose Bitcoin as a reserve currncy if cental bank will collapse because they don't have full control of it. They might use precious metals if ever that will happen and I think some of them make it as a reserve so yeah it all depends on what will be the governments decision.

Yes regulation is very important to prevent central banks from collapsing. Man on earth loves power, and to be powerful requires the strength and skill to control. When the central banking system collapses and cryptocurrency or bitcoin becomes the only currency, there will be no governing body and anarchy may result.