Bitcoin will not be able to become the world's reserve currency.

By AJ78 | The Futurist | 18 Mar 2021


In recent times there are those who have sold us the idea that bitcoin will become the world's reserve currency.

That will not happen! even though the cryptocurrency rush is at one of its highest points in history.

Why does such a thing happen?

Bitcoin is free, it does not belong to anyone and it belongs to everyone. And it is precisely this decentralized nature that makes it attractive and dangerous.
The big banks and financial institutions do not control it, they watch it with anxiety, but also with great suspicion.

Asia is one step ahead, Western governments are not going to allow it that advantage. Governments will never tolerate something they cannot control. That is its nature.

On the other hand, there is its volatility, sudden price changes make it unpredictable. They also associate it with cybercrimes and money laundering. They accuse it of excessive energy expenditure, increasing and in accordance with its high demand.

Many believe that the democratization and decentralization of money is great,
I think so too, but others see more negative than positive aspects in bitcoin, I do not see it that way.

Bitcoin has been accepted, but also stigmatized, now BTC have to fight against that.

How do you rate this article?

4


AJ78
AJ78

Cryptocurrency lover. A business manager and a Human Resources Specialist.


The Futurist
The Futurist

One who doesn't just envision the future, but helps shape it today.

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