It is inevitable.

The nature of money is to have one form of account. It will eventually be ∞/21,000,000

The smallest countries with the weakest FIAT will hyperinflation first vs BTC. They have 3 options:

1. Use a substitute FIAT such as USD, Euro, ect. If you don't own the money printer the guys that do get to steal from. Your country and people through inflation endlessly leading to stagnation and an impoverished nation.

2. Try to start FIAT over from scratch. Always leads to impoverished country for decades and finacial ruin.

3. Move to a bitcoin standard. The earlier they do this the better it is for their country. International game theory ensues.

Plus as BTC becomes more ubiquitous across the world the people will take option 1 & 2 off the table for their governments as their FIAT fails.

It is a matter of time before all FIAT fails vs BTC and the entire wealth of the world is denomited in BTC.

I'm not bullish or bearish. This is inevitable. It is only the time frame that is up for reasonable debate.

Reply to this note

Please Login to reply.

Discussion

Yea, I dont think its within our lifetimes but I tend to agree.

I think that within 25 years we will be down to less than 10 FIAT currencies.

The average FIAT lifespan is less than 25 years.

With the discovery of Bitcoin and absolute scarcity this rate will inevitably speed up with time.

https://www.reddit.com/r/Bitcoin/s/y98aVLMEl4