No. of Recommendations: 6
BTC has no deficit, no debt, no unfunded liabilities or political affiliations. As hard as governments try they just can't stop it. I give BTC a 50/50 chance of replacing the USD as the world's reserve currency in the next ten years. (That's also when Social Security goes broke.)
The obstacles facing Bitcoin adoption as a currency--let alone a reserve currency--are so astronomically large I don't see any path for success. Bitcoin transactions are far too slow and far too expensive. And before you can say "Lightning Network" Lightning Network creates a whole host of new problems that might be unsolvable.
But the real stake through Bitcoin's heart is price instability. Today Bitcoin dropped by 2.69% but is up 52% in the last six months. You can't conduct business in a currency that volatile. You pay in Bitcoin if you like, but goods and services need to be priced in something stable, like dollars or euros.
