Part 7/14:
Addressing a thought-provoking question—will Bitcoin be the world's universal currency?—the speaker responds cautiously. While optimistic, they point out significant hurdles: transaction capacity limitations (Bitcoin handles around 600,000 transactions/day vs. Visa's 600 million), and the need for layer-one scaling solutions.
Furthermore, government resistance remains a formidable barrier. Governments are wary of losing control over monetary policy, which could threaten tax revenues and economic sovereignty. They might resist adopting Bitcoin as legal tender or as a standard for international trade, especially for commodities like oil.