Bitcoin: The next reserve currency?

in jim •  7 years ago  (edited)

Bitcoin No Threat To U.S. Dollar, Gold - Jim Rickards

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The lack of awareness regarding blockchain technology will cost these mainstream analysts dearly! "Kids playing in the sandbox?" Only if you're looking at market cap instead of growth potential.

Bitcoin is far too speculative to be a reserve currency; we won't see a reserve cryptocurrency until a coin reaches an unspecified point of peak usage combined with low volatility.

I agree with you 100%. We are a long ways until that happens.