Bitcoin Fiat World Medium Of Exchange

Bitcoin was never going to be a store of value… until it was. It was never going to become a reserve currency, right up until the point when major businesses and investors started converting their fiat treasuries into bitcoin. And the next thing the “experts” have mistakenly assumed is that bitcoin will never be a fully-fledged currency, a medium of exchange — yet that too is changing.

This isn’t Bitcoin boosterism, a bullish opinion based on wishful thinking. It’s the cold, hard and infallible logic of free market capitalism. But the doubters are right about one thing.

Bitcoin is never going to be like cash: its ambitions go far beyond fiat’s capabilities.

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