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Author Topic: What would happen if BTC were to be adopted as a global reserve currency?  (Read 273 times)
DapanasFruit
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December 27, 2023, 02:40:37 AM
 #41



As of now, there is still no big interest from many countries to adopt Bitcoin as a reserve currency just like what they are doing with the dollar or even gold. Now, is there something that can hasten for countries to include Bitcoin on their portfolio? I am not so sure but if the US Dollar can collapse there is that big possibility for a good number of countries to focus their attention on Bitcoin...though this is just my speculation.

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December 27, 2023, 03:13:28 AM
 #42

If BTC were to be adopted as a global reserve currency, I think it would mean many of the world, if not all countries in the world has made it a legal tender or nearing the possibility. It would also mean that the dollar would no longer be in charge, perhaps it would crash and become of lesser value compared to BTC with individuals or countries opting for use of other currencies like BTC and Yen for both local and international trade exchange.
It would also mean that the awareness and idea of BTC has reached a greater percentage of the world population.

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December 27, 2023, 03:35:27 AM
 #43

It's starting to happen. Not that Bitcoin is totally replacing fiat, but at least Bitcoin is now a legal tender in a couple of countries. Some others might follow. But the influx will probably happen once the current monetary joke will be made obvious and the paradigm shifts. Who knows, I'm hoping the next kind of money will be detached from the powers of the state and totally free from abuses. Bitcoin is a good candidate. This might happen in the next several decades, though, or not at all.

You don't have to worry about Bitcoin. Governments can't kill it. And the wider the adoption grows, the harder it is to even try shutting down.

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