Bitcoin has the potential to become a global reserve currency, replacing fiat money from "summary" of The Bitcoin Standard by Saifedean Ammous
The potential for Bitcoin to become a global reserve currency, replacing fiat money, rests on its unique properties as a form of money. Bitcoin's scarcity, durability, divisibility, portability, and recognizability make it an ideal candidate for serving as a medium of exchange and a store of value on a global scale. The limited supply of Bitcoin, capped at 21 million coins, ensures that it cannot be debased like fiat currencies, which can be printed at will by central banks. This scarcity gives Bitcoin its value and makes it a reliable store of wealth over time. Bitcoin's decentralized nature, operating on a peer-to-peer network without the need for a central authority, enhances its security and resilience against censorship or government interference. This makes it an attractive...
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