Coinbase CEO: Bitcoin to surpass the dollar as reserve currency within 15 years

[randy8777]

you would expect such a person to not say stupid things. this is just funny, if any one thinks bitcoin will surpass the us dollar in any way, these people are surely living in a fantasy world.

[Ingatqhvq]

that be good if it is really, but i am afraid he is too optimistic, 15 years is really short.

[futureofbitcoin]

you would expect such a person to not say stupid things. this is just funny, if any one thinks bitcoin will surpass the us dollar in any way, these people are surely living in a fantasy world.

I would've said exactly what you did in 2010 about bitcoin reaching billions in market cap.

[g1974ak]

I don't think so. To be true this first needed that bitcoin be accepted as a official currency by all the countries in the world. Then be regulated like the other currencies and be used largely by the people in every days things. And then must have physique form to be considered as a real money.

[gambit1]

Absolutely no way

[jbreher]

Ohh and mix in the fact that it takes a literal act of congress in order to declare something to be used to legally pay debts. 

I can't help but feel that you are conflating 'reserve currency' with 'legal tender'. Note that there is no requirement that these be one and the same. Indeed, most definitions of reserve currency make it clear that a currency becomes a reserve currency due to its utility in international trade, not due to legislative proclamation.

Further, anything agreed to by both parties of a transaction can be used to settle debts. In the U.S., the courts resort to the concept of legal tender only in order to have a common token in case of dispute.