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Bitcoin 2050 Valuation Scenarios: Global Medium of Exchange and Reserve Asset
By 2050, we see bitcoin (BTC) solidifying its position as a key international medium of exchange, ultimately becoming one of the world’s reserve currencies. This projection is rooted in the anticipated erosion of trust in current reserve assets. Crucially, we believe that Bitcoin’s scalability issues which have been the primary barrier to its widespread adoption, will be resolved by emerging Bitcoin Layer-2 (L2) solutions. The combination of Bitcoin’s immutable property rights and sound money principles with the enhanced functionality provided by L2 solutions could enable the creation of a global financial ... (full story)
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- Posted: Jul 25, 2024 12:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 211
