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There is an incredibly suitable use for bitcoin: as an exchange currency. Its decentralized nature makes it extremely attractive to smaller nations as a way of
by saosebastiao 13y ago
There is an incredibly suitable use for bitcoin: as an exchange currency. Its decentralized nature makes it extremely attractive to smaller nations as a way of maintaining liquidity, enabling trade, all while not propping up another nation with competing interests by making their currency arbitrarily valuable. Its digital nature makes it attractive to currency trading markets for purely logistical reasons.
You are probably right about the median case, but I say there is a small chance of a >$10M value for this reason alone.