If it were the case that the main currency of every country in the world is Bitcoin. Then how do you think the world economy would be run? Because when Bitcoin becomes the main currency, the American dollar and other countries will have Bitcoin as their main currency. The local currency of that country will be associated with it as the second currency. In this case, how would Bitcoin be used or how can it play a good role in the world economy?
Bitcoin
can notcannot be the
the number one currency in the world
to used by all
, because it's decentralized and no government will accept it
becausesince they will not be able to control it. Government only embrace what they control and that's why they came up with fiat currency where they are in charge to do the printing of fiat whenever they want.
However, due to the increase in value of bitcoin overtime, majority of people holding bitcoin wouldn't want to use it as a currency but as an asset in order for them to make profit from it in future. If there is fiat as the second choice of currency, why will I use my bitcoin to pay for goods and services.
the world is centralized and a centralized currency will always dominate.