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Then I can say that I've done my research and I think it's reasonable that USD won't remain global reserve currency forever and that it's replacement won't be a
by rawtxapp 5y ago
Then I can say that I've done my research and I think it's reasonable that USD won't remain global reserve currency forever and that it's replacement won't be a governmental currency, but a decentralized one and Bitcoin would be the only reasonable candidate.
Does this mean that I'm not speculating all of a sudden because I've done research and came up with a reasonable forecast?
- MrMan 5y agoPeople won't invest in a reserve currency, they will use it for trade. Anything people are buying and holding is by definition not a reserve currency. You are describing "treasure".
- rawtxapp 5y agoI mean people buy USD through forex markets all the time, the same way that people buy Bitcoin through crypto exchanges. Also, it won't become reserve currency overnight, it's a gradual process and until it happens it acts as a store of value with a huge upside.
- mym1990 5y agoYes, I would say you are not speculating because speculating is simply buying/selling and hoping to profit. Whether or not your forecast is reasonable or even useful is not within my sphere of knowledge. I can also almost certainly say that the USD wont be the global reserve currency forever, but making decisions based on a forever timeline poses a wide range of risks.