Bitcoin: The Inevitable Path Toward Global Adoption Of The Next World Reserve...
A changing of the guard is standard for fiat currencies — but bitcoin is set to supplant them all. Image Source: Bitrawr. If the last 700 years are any indication, reserve currencies have a shelf life of roughly 100 years. The U.S. dollar (USD) officially became the world reserve currency 77 years ago (Bretton Woods, 1944). Arguably, USD was the reserve as far back as the late 1920s. Source: “Will a Digital Gold Rush Save America’s Economy?” Cryptokek Blog. From a historical timeline perspective, the USD is in the twilight of its reserve status. Couple that with the fact that the United....
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