Will Bitcoin be the next world reserve currency?

For Anthony Pompliano, the massive influx of users to Bitcoin will make cryptomoney the next world reserve currency.

For years, the international financial system has been totally dominated by the US dollar. It has become the world’s main reserve currency, as well as the preferred currency for international trade transactions. However, for crypto-influencers like Anthony Pompliano, Bitcoin will be the next world reserve currency. As he commented in today’s Tweet:

Decades ago 44 countries got together and decided the US dollar would be the global reserve currency.

Today tens of millions of citizens are getting together and deciding that Bitcoin will be the next global reserve currency.

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Bitcoin as a world reserve currency

Since its inception, Bitcoin has struggled to become a viable alternative to fiat money worldwide. Thus, in the original design created by Satoshi Nakamoto, BTC’s goal was to become a currency that could be used to make payments anywhere on the planet. Presenting a decentralized alternative to fiat currencies such as the US dollar.

However, for years the dominance of fiat has been unquestionable. It is impossible that crypto-currencies like Bitcoin could become defiant of the world order established around the dollar. This is starting to change recently, thanks to the increasing interest in Bitcoin, as well as the price of cryptomonics.

The price of Bitcoin could make it the next world reserve currency. Source: CoinDeskThe price of Bitcoin could make it the next world’s reserve currency.

Thus, today several crypto influencers are considering the possibility that Bitcoin could become the next world reserve currency. Especially if the adoption of the cryptomone continues to increase, and therefore its use becomes so common that even countries start to acquire BTC.

„Decades ago, 44 countries met and decided that the US dollar would be the world’s reserve currency. Today tens of millions of citizens have gathered and decided that Bitcoin will be the next world reserve currency.

Thus, Anthony Pompliano would be suggesting that the massive entry of people and companies into the Bitcoin market will necessarily lead to the establishment of cryptoactive as the world’s reserve currency. A development that, although possible, is yet to be seen.