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Could Bitcoin Become the World's Reserve Digital Currency?
Bitcoin is a decentralized and fully electronic peer-to-peer cash system. It allows any two parties in the world to exchange value without an intermediary, which is a breakthrough innovation. With its own fixed-supply cryptocurrency and set inflation rate, this is a new monetary network that is now worth $1.3 trillion. Investors know that the U.S. dollar is the most powerful force in the global economy. But can Bitcoin become the world's reserve digital currency? Since the Bretton Woods agreement in 1944, the U.S. dollar has essentially been the global reserve currency. This has come with notable advantages. The U.S. ... (full story)
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