Bitcoin As The Global Reserve Currency?

[taskmaster4450]

▶️ Watch on 3Speak

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Even Rand Paul is getting into the act, talking about things he evidently has no clue about.

In this video I discuss why Bitcoin will not be the reserve currency and why technology will make that completely unnecessary. While the USD will hang around a while, the erosion over the next couple decades will occur as technology is forging ahead.

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▶️ 3Speak

Comments

[jacobtothe]

I'm not persuaded the idea of a "world reserve currency" even matters anymore.

[manniman]

Did you just run into 2060 with your thoughts, interesting.

[taskmaster4450le]

I tend to be 5-10 year down the road anyway so it isnt that much of a leap, although rarely done.

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[bammbuss]

Very interesting video. You have an unusual view of the future of the first token. Thanks.

[steemmillionaire]

3 BTC in 10 years will worth 3 BTC, if the algorithm's integrity will remain unaltered. not 30 BTC.
Our current mistake is that we still think in the rotten dollar.

[taskmaster4450le]

3 BTC in 10 years will worth 3 BTC,

Yes it will and it will also be inelastic which most overlook.

So the point still holds. Bitcoin's inelasticity means that it cannot adapt to the changing economic circumstances.

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[taskmaster4450le]

That is one point of view.

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