“I think that Bitcoin (and some other digital currencies) have, over the last ten years, established themselves as interesting gold-like asset alternatives, with similarities and differences to gold and other limited-supply, mobile (unlike real estate) store holds of wealth.”
Will bitcoin end the dollar’s reign?
“Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever trust. Tech-savvy people are not likely to stop looking for alternatives, until they find or invent one.”
https://www.ft.com/content/ea33b688-12e0-459c-80c5-2efba58e6f1a
Deglobalization & Digital Currencies.
But consider that Bitcoin is programmatically deflationary, can cross borders without the approval of regulators and doesn’t rely on the resilience of political institutions for its validity and there’s more than an outside chance that it could one day form the basis of international trade and become a major traded currency.
https://medium.com/the-capital/deglobalization-digital-currencies-3774f2ae045b
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