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21 sats \ 4 replies \ @scottathan 3 Jun 2023 \ on: Bitcoin reserve currency bitcoin
Well, something usually becomes a reserve currency because it is the best store of value currency out there, as well as being the most widely accepted.
I could see countries backing currencies with Bitcoin as a way of co-opting it. It is far more likely, though, that Bitcoin remains as a store of value for some time to come.
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21 sats \ 0 replies \ @Bitcoinfreedom OP 4 Jun 2023
I totally agree 💯
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0 sats \ 2 replies \ @Undisciplined 4 Jun 2023
It will probably be a gradual process. Countries and central banks are already starting to buy Bitcoin, so it's a partial reserve now.
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21 sats \ 1 reply \ @Bitcoinfreedom OP 4 Jun 2023
Once a big Country make Bitcoin a reserve currency others will follow immediately
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0 sats \ 0 replies \ @Undisciplined 4 Jun 2023
Maybe so, but it will have been a gradual process of accumulating Bitcoin reserves leading up to an official designation of reserve currency. It's not like central banks catch each other off guard with their decisions very often.
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