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Look at the history of currencies. The British pound sterling, the French franc, the Dutch guilder, they all were reserve currencies but they got overtaken. U
by bhaak 6y ago
Look at the history of currencies.
The British pound sterling, the French franc, the Dutch guilder, they all were reserve currencies but they got overtaken.
Usually not because their inherent values changed but because the environment changed and another, more suitable currency emerged. That's exactly the narrative that people push about Bitcoin's advantages over the US dollar.
But because things happen a lot faster in crypto than they do in traditional finance, I wouldn't bet on "Bitcoin can't ever be overtaken".