Will Bitcoin Dethrone The Dollar As Global Reserve Currency?

As NewsBTC reports, “For more than the last 100 years, the US dollar has reigned supreme over the rest of the world as the global reserve currency. But with the economy in shambles, and hyperinflation inbound for the US dollar, will Bitcoin unseat the dollar as the global reserve currency that rules for the next one hundred years?

“Throughout history, every one hundred years or so, the dominant financial superpower changes hands, and so does what the world relies on as the main global reserve currency.

“Following World War II, the Bretton Woods agreement placed the United States dollar as its central anchor, putting it in favor as the global reserve currency across the world.

“Before the dollar, the British pound sterling served as the global currency during the 19th century. Prior to that, it was the French franc, and before it, the Dutch gilder dominated the 18th century due to the Dutch East India company’s monopoly over global trade.

“But the world has since changed dramatically, and much of the global commerce and trade is conducted digitally. The digital age is causing fiat currencies to show signs of aging, and signals that a new currency is necessary to keep pace with the change in technology…”

Continue to read the full report on NewsBTC.