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RE: If not FaceBook Diem, can Bitcoin be the next Global Reserve Currency?

in LeoFinance4 years ago

I don't think BTC can be the global reserve currency. The deflationary aspects are not good to spur economic activity and it would cause people to save rather than spend. While this is nice, it means not much will thrive in the economy.

I do think BTC can do well as collateral for the debt we have in society though as a store of wealth.

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I thinkBitcoins deflationary economics are a concern. I think the use of Bitcoin in video games like Litenight and as the exclusive currency in Communities which are part of the Bitcoin Beach Experiment will teach us much about Bitcoins capabilities in this regard.