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Can bitcoin become a global currency

Can bitcoin become a global currency

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Peter Zeihan: Bitcoin Is NOT A Global Reserve Currency
If cryptocurrencies become a dominant form of global payments, they could limit the ability of central banks, particularly those in smaller countries, to. Bitcoin's potential as a reserve currency depends on stability, widespread acceptance, and reliability. Its acceptance and adoption may vary. If Bitcoin were to become the official currency in most countries, it would represent a profound shift in the global financial landscape.

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calendar_month 20.12.2021

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As with any investment, it's essential to understand the risks associated with Bitcoin and consider your risk tolerance before getting involved. While still novel and limited in adoption, cryptocurrencies offer new avenues for remittances, new safe houses for wealth, and new opportunities for monetary freedom. In this way, perhaps Washington could try to avert a hegemonic transition.