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I'm thinking if the bitcoin's future is wire transfers between countries. In that case all 21M btc will be comparable with 100T of the world gdp and 1 btc will
by frongpik 6y ago
I'm thinking if the bitcoin's future is wire transfers between countries. In that case all 21M btc will be comparable with 100T of the world gdp and 1 btc will be worth 50M. Also, it will be illegal for peons to touch real btcs.
- meowkit 6y agoI agree with the sentiment, but wouldn’t say its so simple as just wire transfer. Its very possible Bitcoin will become a reserve currency/asset for macroeconomic exchange. If its not controlled by any one country or bank, it removes the effects of currency hegemony we have seen across the centuries. Countries will still maintain their own currencies for legal tender/monetary policy purposes, but they will likely be in the form of CBDCs and have interoperability with public and private blockchains.