Do you think Bitcoin will lead the world's currency market?

tylerwinklevoss
2022-10-21 06:40:23
We know US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so. Its acceptance is gradually increasing day by day.
 
Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future? 
elandicaprio
2022-10-21 06:41:27
There is a possibility, my friend. Personally, I think one of the main barriers to bitcoin breaking a high level is time, but the process is tortuous. Production is the most critical factor in determining the value of an asset, even if the price goes up, we can't produce more bitcoin, unlike gold, which we can increase production. As the supply of Bitcoin is halved, the ratio of inventory flow to production will double to 54 (very close to gold).

However, lead the world's currency market is quite different. this concept is higher above the specifics price that we talking about, it means people accept it and consider it as the most useful one. For example, the Bahraini dinar is the world's most valuable currency, but many of us didn't know about it at all. Bitcoin's outward self-presentation as a decentralized currency beyond politics, if Bitcoin became the world's leading currency, it will involve in the politics.