Bitcoin Forum

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I know we have discussed this issue many times and many people are skeptical for many reasons such as the great powers like the US, EU or China...will not agree and let that happen.

They want their national currency to dominate in global reserves and trade because that is how they rule this world.

But today I want everyone to look at this problem from a different perspective, and we will see that it is more feasible than we think.
Let us look at the world today, when geopolitical instability is becoming more tense than ever, a multipolar world and a new order are gradually taking shape.

In a world where nations are losing trust in each other and everyone wants to dominate the world. They do not want to hold other countries' currencies and that is why the demand for gold has skyrocketed in recent years as central banks are trying to accumulate gold instead of currencies like the USD.

This is clearly a huge opportunity for Bitcoin and the Bitcoin era is coming. Due to its decentralized nature, it is arguably the perfect solution that the multipolar world needs. An asset/currency that is not controlled by anyone, easy to trade, store without permission or fear of confiscation or freezing. Most importantly, it solves the problem the world is facing, which is that the world does not need to trust any country and fear that one day they will become dictatorial and abuse power.

Therefore, once the multipolar world becomes more evident, even if superpowers like the US and China do not like Bitcoin, they will have to accept it because there is no more effective solution.

THAT is why I believe Bitcoin is inevitable. :)

I guess, global seized currency? because US didn't buy Bitcoin as their reserve, but it's from confiscating other entities coins.

It's very very long to happen if we compare with the US reserve.

M2 money supply is $22 Trillion (https://tradingeconomics.com/united-states/money-supply-m2) , but the amount belong to IMF as global reserve is $6.7 Trillion  (https://data.imf.org/en/news/imf)

On the other hand, Bitcoin belong to whole countries are only worth $57 Billion. (https://bitbo.io/treasuries/countries/)

We will likely to see Bitcoin to be top world asset first, than top reserved currency.

Because of geopolitics & the threat of sanctions, central banks are diversifying away from the US dollar & hoarding gold at almost all-time highs, which is a clear sign that confidence is eroding...  Bitcoin is a portable, seizure resistant, neutral currency with verifiable scarcity.  you know, States will use what works in a multipolar game, even if they do not like it.  If self custody scales, Bitcoin is the end goal; gold is the bridge ;).  ohh you said Inevitable?  Although it is not a given, the incentives are very favourable. :)

What I think is that if bitcoin continue to remain a deflationary coin and if the price continue to rise, more countries will make it to be part of their reserves. I think it will compete with gold and probably later compete with dollar. Just that time is important, people needs to be patient as this may take years or decades.

Conversely, I think bitcoin will probably need to become a reserve asset or global currency before it can become the world's leading asset.

While bitcoin doesn't need government backing to exist, we can't deny that if the government doesn't legalize it and doesn't approve ETFs. I don't think traditional institutions, corporations or companies will invest billions of dollars in it and push bitcoin price above $100k that quickly. Therefore, for bitcoin to become the world's number 1 asset, it probably needs to gain the trust of central banks and be included in national reserves. At that point, the world's confidence in bitcoin will be almost as absolute as gold and it will have a chance to become the world's greatest asset.

It cannot come to reality seeing the stance of current governments.

No doubt, bitcoin has proved itself useful but the governments do not want to loose their control. They want systems in place which keeps them powerful. If they make bitcoin reserve currency, they will loose a lot of power. And if they bring some type of restriction on bitcoin and then make it reserve currency, users might not be comfortable with such a situation.

I also feel that the central bank only wants to do something that can save values ​​such as diversifying fiat and hoarding gold.
It has not been proven if Fiat will always get the main place in long -term storage.
When we continue to strengthen ourselves with bitcoin as a hedge asset, we have done it properly.
I personally still hold on to bitcoin and gold. In other assets it is still in a plan that is not yet entirely strong for me to do.

yeah totally agreed.. Bitcoin's deflationary structure & upward price trajectory undoubtedly open the door for additional nations to include it in their reserves, so no way to deny it posing a threat to gold & ultimately the dollar.

till now the condition is, central banks continue to exercise caution,  afaik 93% of central banks have no plans to hold digital assets, according to a 2025 OMFIF survey (https://www.omfif.org/2025/07/reserve-managers-overwhelmingly-reject-digital-assets).  so, even though the concept is becoming more popular, adoption is still not widespread. Fed Chair Powell claims that Bitcoin is a competitor to gold, not the dollar & that it is a digital gold rather than a fiat substitute. you know, institutional adoption exploded in 2025 as a result of new laws looking into strategic reserves, corporate treasuries adding Bitcoin, and ETFs attracting $50 billion. Institutional interest is genuine and growing.  That signifies a change in generation.

So as like you i always say It is a marathon, not a sprint, the key is patience, mate...

You correctly pointed out that as countries lose trust in each other and world becomes more divided they are looking for neutral asset and central banks are buying much of gold instead of other currencies. This situation creates perfect opportunity for Bitcoin because its decentralized nature means it is not controlled by any one country and can not be frozen or taken away. Your conclusion is good that even powerful nations will have to accept Bitcoin because there is no better solution to problem of world that lacks trust.

It's already evident enough that bitcoin has been a most considering digital currency for national reserve even by the developed countries and same applies to some world reknowned industries and corporations accepting the use of bitcoin, not to even digress about how it has been applied for spot ETF, which all points together to the value it possess and the future benefits it provides for adoption as it may applies to everyone who is in need of this digital currency, after realizing it unique benefits for future purpose and how it has been profitable with increasing value over time.

So the Philippines will be added to the list if this bill gets approved.
They’re proposing to buy 10k Bitcoin over 5 years. Yeah, it feels inevitable because once the big countries start, the rest will follow.

I’m from the Philippines and I’m optimistic this bill will get approved.
 
Philippines Proposes Bold 10,000 Bitcoin National Reserve Strategy (https://bravenewcoin.com/insights/philippines-proposes-bold-10000-bitcoin-national-reserve-strategy)

In the case of different perspective views, It is hard to believe that bitcoin would be a generalized financial service to do local and international transactions by every countries, but it is imaginable to large magnitudes of users in the future and most anti bitcoin governments will also consider being left out with way other countries are embracing the financial in both national reserve and legal tenders.
As it is today's, geopolitical sentiments has not been of good encouragement for international sectors to invest their national reserve funds on the counter parties regulating resources therefore, decentlized resources would become feasible to invest on so that they don't nourish the counterparties economy. Geopolitical sentiments is just reality that would drag nations in to invest on bitcoin.

It is only but a dreams and you don't know how long it is going to take before the world will finally come in terms to agree and believe in Bitcoin. Regardless of the believe in Bitcoin that every present government of the country that has already adopted Bitcoin have in this their present regime, can you predict what will be the outcome, new rules and decisions of the next regime that this country's are going to have? It is just possible that the next government they will have are people that are going to kick against Bitcoin, on and off it goes till a very long time in the future before it can finally occur as you have dreamed it.

From the much I’ve had to read on this, most of the nations that are buying into the idea of Bitcoin for a reserve currency, they take the initiative out of the fact that, its price continues to rise and wants to use it for a means to take profit and cut in on national debt if that sounds about right. Well, that doesn’t say much on how they value or try to improve the development of Bitcoin. It doesn’t feel so good with me but, we could bite for now.
Bitcoin already is competing with gold but, we wouldn’t find these nations not having their foot in what is backed or within their centralized systems.

I know that institutional adoption has multiplied in the last few years, but you may be going ahead of yourself to think that BTC is going to replace the U.S. dollar as the world's primary reserve currency. Because of how BTC is designed, i am not so sure if it can be used so much to settle international trade, BTC is also volatile, and stability is one reason why the U.S. dollar is the world's reserve currency.

If any currency is going to replace the U.S. dollar as the primary reserve currency, then it is going to be another fiat currency, not a decentralized currency like BTC.

Profitability has been the major reason that is driving the Bitcoin strategic reserves by many countries indirectly. The price of Bitcoin has been known to be very volatile and this alone had led many counties and states to seek for a long term investment on Bitcoin.

The price of Bitcoin will continue going up in a higher high and high low pattern which was what we have been seeing for years now. Big money was not that confidence investing in Bitcoin before now but they have realized that Bitcoin has brought so much gains to investors still holding it. In the nearest future, we could see more investment in Bitcoin and world countries might started creating long term reserves using Bitcoin because of the efficiency and long term gains.

I’ll admit that I have my doubts as to whether or not Bitcoin will end up as the world’s reserve currency. I’m not sure if I ever believed it to be honest. We do seem to be reaching a bit of an inflection point though. Will Bitcoin continue to grow into a reserve currency, or crash spectacularly? The next 4 years will be interesting for sure.

I concur with you. Bitcoin at the moment and for a long time to come will still more of an asset than a reserve currency. Many people will agree that their reason for holding Bitcoin is to be a store of value. And with potential inflation, it hedges against inflation. It is not even easy for Bitcoin to just become a reserve currency of the world, and it is not about the growing adoption. You have to discuss the political will, and other general agreement that would be involved. Lastly and more importantly, for Bitcoin to become the world's reserve currency it will have to give up the control.

When you think straight after reading op text you may think that bitcoin will become an economic reserve to many of the countries, but in other way round it looks skeptical, because bitcoin has never gain 75% trust to worldwide, we have other digital currencies that has been into existence for long-term yet many countries are not using them as economy reserve

Bitcoin is a new digital currency, if tops ten world power countries embraces bitcoin and feel the important of bitcoin and make bitcoin an economic reserve, other countries will be holding Bitcoin as a reserve asset...let me use gold as point of illustration, do you know that gold is a digital currency, but is not all the countries that's holding gold as a foreign reserve or economy reserve of the country.

Bitcoin nis already turning this as we can see, the market has been more improving in performance and the world now have realized more better about the usefulness of the coin and various aspects it could be applicable at, which is part of the reasons we are having increasing in the adoption for bitcoin and it bid for reserve currency, from here further, it will soon be the most recognized digital currency as we already have been using fiat as the mainstream before now.

I like the sound of it.  And they dont have to like it, but the increasing geopolitical instability will make a decentralized, apolitical currency an inevitable, even necessary, solution.

I wanted to think that this is still going to happen, but not at the current bull run.

I'm hinting that this could be the next catalyst in the next halving in 2028. We are thinking that what would be one factor that could push the price next?

In 2017 - it was the CME and CBoE
2021 - institution money flows to us
2025 - it was the ETF, we even have a pre-halving ATH
2029? - maybe this could be one of the factor/s

It is a yes or no situation. I doubt if country leaders will take this initiative if it remains so volatile. We can never find assurance in this stuff, which worries everyone. Trust is a big factor, and making Bitcoin a reserve should be analyzed and talked about carefully. It was not easy to commit in a situation if doubts remained, as it affected the country's economic situation. That is why I say it is 50/50, knowing that not all can adopt Bitcoin for many reasons.

It's too difficult to push a thing when there are doubts in mind.

One of the main goals of Bitcoin is to be considered a reserve currency for countries in the future, but it is becoming apparent. In particular, various important companies and individuals around the world are expressing great importance towards Bitcoin reserves. Since Bitcoin is able to compete with gold and the dollar, it will definitely be considered a reserve currency in the future, and it will definitely happen in the future, although not very quickly, and we will have to be patient for that.

I thought the US was becoming crypto friendly?
No rush, bitcoin will exceed all expectations, it’s still very tender as compared to other assets and currencies.

Bitcoin is already doing very well and if it continues on this pace and even more, then I see it doing exceedingly greater than even expected and one great thing about it is that, no one can actually predict it that’s why we all speculate.

To be more precise, America under Trump is becoming quite crypto-friendly. The purpose is to take advantage of it to maintain the United States' position as well as politicians close to Trump are using it to make money like the whole Trump family is doing.

Additionally, the majority of the Democratic Party still holds an unfriendly stance towards crypto, and that is why there are still many dissenting votes in Congress on any vote related to crypto and bitcoin. That means, once Trump's term ends and Democrats take the White House, things could be reversed. The US is not as friendly to bitcoin and cryptocurrencies as we think.

So, you answered your question. Banks and countries accumulate gold, not bitcoin. At the moment, they trust gold, not bitcoin. As soon as the volatility of bitcoin begins to manifest itself, the trust in this asset will become even less. Also, consider that there are large and small "players" with bicoin, who will be able to influence the BTC-market. Would you agree to recognize the currency as a reserve currency, knowing that your "neighbor" has an excess of this currency?

Theoretically, bitcoin could be suitable for the role of a reserve currency, but here everything depends on the social contract between countries. Will they agree to use it. It seems to me that countries are not ready for this yet and for them bitcoin remains something risky. Therefore, I assume that gold will still dominate. For some time.

When some nations started to use the "seized" bitcoins they have, to keep it aside as a reserve, many other nations realized, they can have bitcoin AND not spend any money for it. This will of course help us too, because they will crack down on anyone who has illegally done anything with crypto, that way they can seize their crypto, mainly bitcoin.

This will incentives nations to be better at finding criminals, because they will have a chance to bolster up their treasury with all this money coming from seizing bitcoins. While some will also put some money into bitcoin as well, instead of just rely on the bad people. When you think of all of this, you end up with a better result and get great returns on the long run.

This realization is playing a significant role in increasing bitcoin’s acceptance and at the same time solidifying its position in the race to become a reserve currency. More people and institutions are considering Bitcoin as an alternative to the limitations of the current fiat currency system and its political influence. If this trend continues bitcoin could soon emerge as the most widely accepted digital currency.

There are news and actual adoptions that have all contributed to Bitcoin adoption growth as well as value and price growth over long time since past years. It's undeniable such contributions but if people have been experienced in the market for years, and if they are well observed, they can realize that the news about ETFs can be FUD in the past until 2023 and 2024 it became positive news and boosted Bitcoin market up even months before official approvals in January 2024.

FUDs and actual adoptions are good for Bitcoin adoption and value growths but if we only engage with the market in short term, want to make speculation and get short term profit, we might be affected by uncertainty from news, FUDs, adoption, regulations and will have more risk of losing money.

https://endthefud.org/
https://99bitcoins.com/bitcoin-obituaries/

Maybe we should distinguish global reserve currencies from global reserve assets. The US dollar is the global reserve currency, mostly because it's being used as a medium of exchange in international trade. Gold is a global reserve asset, because the central banks are using it to backup the value of their fiat currencies. Bitcoin can be used as a supplement of gold, and more central banks could include BTC in their reserves, but I don't believe that BTC could ever replace the USD as the global currency, mostly because the BTC blockchain can't handle a gigantic amount of everyday transactions. Gold shares many of Bitcoin's qualities. It's a geopolitically neutral asset and it isn't tied to any particular country.

There is a lot of doubt about whether Bitcoin will remain as a reserve currency in the future. Because the governments of each country are giving different opinions about Bitcoin. However, many countries in the world have taken many kinds of government measures regarding Bitcoin. El Salvador has recognized Bitcoin and they are holding Bitcoin regularly (https://elsalvadorinenglish.com/2025/08/21/el-salvadors-bitcoin-holdings-reach-6275-under-president-bukeles-strategic-reserve-plan/). America has not yet agreed to take Bitcoin as a reserve, but senior government officials are showing interest in Bitcoin. Japan's Democratic People's Party has agreed to keep Bitcoin as a strategic reserve (https://x.com/pete_rizzo_/status/1960767052962025629?t=myAhxyPBo_AHvVvtqUCYUA&s=19). In addition, Thailand has approved Bitcoin in their country (https://news.bit2me.com/en/Thailand-gives-the-green-light-to-crypto-tourism). Considering all these issues, it can be understood that many countries will start using Bitcoin as a reserve in the near future. Because when you see that many powerful countries in the world have considered Bitcoin as their strategic asset and kept it as a reserve, other countries will show interest.

Thi is good if some countries are thinking about new way to get rich with taking Bitcoin from criminals and holding it as national savings like US. This could motivate governments to get better at catching cybercriminals since they could make much of money from seizing these digital assets. However relying only on this method might not be good long term plan. Some countries might also decide to just buy Bitcoin for their savings instead of only getting it from criminals.

It's like a clock - which ticks in two directions.

One step back, and one - toward something bigger. And they change each other all the time.

I wouldn't be surprised if some of the policies would be gone once the seats would be filled with different people, changed to something that would favor an anti-crypto stance.

And I am thankful that BTC doesn't depend on 'em anyway to exist and be free.

USD is not only used in international trade transactions but also an asset that accounts for a significant proportion of global foreign exchange reserves. If I remember correctly, according to IMF data, the USD accounts for more than 56% of global foreign exchange reserves, down significantly from 66% in 2015. The reason is that many countries are reducing USD in foreign exchange reserves and replacing it with yuan or euro, and especially gold.

So if the multipolar world scenario happens as OP said, and if they don't want to trust a single national currency like USD. Bitcoin could replace the role of the USD in foreign exchange reserves.

That would the greatest course of action on their part, imo, and the past option for those valuing their long-term stability and options.

Even though I would love to see BTC as the most used alternative near the fiat, that role is good for it too, time is all that is needed.

From how the op have analyzed the situation with how geopolitics across the world has continued to grow worsen rather than prepping a solution to their differences, I am starting to believe that a time will suddenly come when what all countries would use as national reserve would be gold and bitcoin. The key players in global politics wouldn't fashion this move which is why the other countries that are in alliance for a multipolar world would need to make the move of replacing these dominant countries currency in their reserve with bitcoin and gold.

It's already becoming so. I read a thread today about Japan adopting a Bitcoin reserve as well. Over time, global adoption will grow; that's practically what's happening gradually. It's possible that Bitcoin will serve as a backing, much like gold in the past or the dollar today.

I've thought about this and it is gradually taking shape in the world economy today. As you have said, the world powers would definitely turn to Bitcoin as a national reserve since it is void of third parties to control it.
I remember a country whose assets was seized running into billions of dollars because of the fact that they are in war with another country and believe me, if that assets was in Bitcoin, there would not have been anything like another country seizing their assets as they would have been in control over it.

Bitcoin reserve would be an alternative to national investment in cutting ties with foreign control over a country's assets. Many nations would now prefer to keep their assets under their control rather than in foreign currencies or in a foreign land to avoid seizures or other stuffs which could affect their foreign investments over time. Nations would definitely turn to Bitcoin as time goes on to avoid their economy being controlled by another nation posing as a threat to their growth and wealth creation.

It's an adoption from the top, not from the low, which is not as good for common retailers, imo, but still it's not as bad as not doing reserves of BTC at all.

Exactly what I thought, world leaders would never allow Bitcoin to be the most important or reserved currency in the world because they will definitely loose control over the financial system completely and that would make them loose power too. Bitcoin is a decentralized currency and it gives its holders the power without any interruptions from the government, the leaders knows fully well Bitcoin as a decentralized currency would only give individuals control and they won't benefit from it so I don't think the government will give Bitcoin the chance to shine more over our fiat currency. Making it a reserved currency and then putting some restrictions on it still isn't going to work out fine for them because Bitcoin was originally created to give its users the freedom of power.

If Bitcoin continues to be deflationary, then I think it won't be the next reserve currency but rather the "preserved" currency  ;D.  This way government will act like Bitcoin is an endangered species that is about to go instinct or ultra-rare due to many Bitcoins being lost along the process of history.

Anyway, with the action of the US of not buying Bitcoin but rather making their seized Bitcoin their Bitcoin reserve kill the idea of Government investing money to get BTC. Rather, i believe the government will will just heighten their security and tracking to spot illegal Bitcoin transactions and apprehend the culprits and seize their BTC to make them the country's Bitcoin reserve.



I think this is already happening since in my country, one of the congressmen proposed a bill about having a Bitcoin reserve, and probably many country will propose such bills too.  I think we just need to wait until this bills are approved or rejected.

Russia did so already when they were sanctioned, they've relied on some of their transactions on Bitcoin. But I don't know clearly the stance of their government if they're for it to have as a reserve. While they won't agree to any country to rely on for them as a reserve, when it's mostly with US Dollars for its allies and then Chinese Yuan for its allies in the BRICS too. Having Bitcoin is good in their middle if they can't rely on any other country. But, it won't be their main priority IMHO because it is decentralized and they have no control over it. Or soon, they will realize that it's still early for them and they can have a huge portion of its entire economy and market cap once they dive in.

Russia made a good move to resolve in using Bitcoin for their transactions as there is no other way they could have been doing a wire transfer from their country to other countries without having issues with the US so what they did was the only way out and it worked out perfectly well for them and I believe they would adopt Bitcoin but Russia is  a country that does not believe in too much noise like the  US so we should not expect them to come out publicly to tell the world about their reserve  when we all know that the US can go to any extent just to get at them. The possibility of their reserve been attacked if made public would be high so do not expect them to make public their Bitcoin reserve.

Or they would just push for the usage of BTC as for transforming it back to fiat when you do operations with it - which completely gets off the point of using BTC in the first place if it's done like that.

The war between Russia and Ukraine broke out in 2022 and they have been subject to thousands of sanctions from the US and EU, including asset freezes and isolation from the global financial system. But it wasn't until this year that they started thinking about using bitcoin as an alternative. That means they have many solutions, not just depend on bitcoin and it can only be a temporary solution.

Regarding national reserves, just like any other country. I don't think they will consider this anytime soon as they have more important things to focus on and prioritize the national economy.

They developed their CBDC and they can start with alternative global financial system with engagement of countries in BRICs but it takes a lot of time for them to do necessary developments.

In contrast, with Bitcoin blockchain, it has been existed since 2009 and worked very well so far, so Russia don't need to develop anything. It's simple and easy for them to take advantage of Bitcoin blockchain as a free alternative.

I don't believe that they will use Bitcoin blockchain as a short term solution and in the future, they will continue to use it when the world will become more adaptive with Bitcoin.

Type Russia, and you can find information on their CBDC.
https://cbdctracker.org/
This page is for Russian Federation's Digital Ruble.
https://cbdctracker.org/currency/russian_federation-digital_ruble

I think Bitcoin has the potential to be used as a global reserve asset, but it will take time. Right now, it is more likely to compete with gold first because it is borderless, transparent, and not controlled by any country. At the same time, there are challenges. Governments don’t want to lose control of money, and Bitcoin’s price is still very volatile. For it to be considered a true reserve currency, stability and wider adoption are needed.

Bitcoin can compete with gold later in the future, even if it is gradually doing that via return of investment over years. But the US wont allow Bitcoin to compete with their Dollar. I feel it is the main reason why they want to be the top 1 Bitcoin country in the world. Because they know they can influence the price, limiting the chances of it competing with the US Dollar later in the future.