With the reality of wealth being amassed through bitcoin overtime by so many individuals globally,i see bitcoin taking over or becoming a global currency.
This for me of course may take time to happen, with the right education in the heart of the old and young old and young which of course is not an easy task but give it time it can be possible.
What is your take on this?
Bitcoin had a bright future and it has the ability to attain mass adoption in the nearest future but not to become global reserve. There are reasons I think that bitcoin may never become the world reserve currency.
A currency that is to be depended on by many countries should be somewhat stable, such that it can easily scale in the forex. If bitcoin in its present form is used in the forex, there would be so much fluctuations in the price of goods.
A reserve currency needs to be as decentralized as bitcoin. But with the economic conspiracy and battle for control, so many powerful countries will not endorse what they will not control or atleast manipulate.
With blockchain, every bitcoin transactions and holdings is naked. Apart from the world reserve something, I wouldn't even advise that the financial status of my country be known with a click on the internet.
I support mass adoption which would stablize the price a bit and bitcoin will soar the more.