Select Page

The Inevitability Of Bitcoin Supremacy

The Inevitability Of Bitcoin Supremacy
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Bitcoin is a black hole of value sucking in any and all reserve currencies, slowly but surely.

Bitcoin has risen from the dead so many times, it makes Lazarus look lazy. Yet its doubters persist: “Bitcoin is a bubble,” they say; a “risky speculation with little chance of ever becoming an established form of money,” they shout.

But Bitcoin’s obituarists are not just mistaken: they are cast iron, copper-bottomed, 180 degrees wrong. Because Bitcoin’s success isn’t speculative, it’s a certainty. Or at least, as certain as anything can be in the world of finance.

Why am I so sure? Like any other Bitcoin supporter, I believe in the brilliance that’s baked into Bitcoin at the technical level. I believe in the fundamental value bitcoin holds for an individual’s financial sovereignty. I believe in its capacity to move wealth through time. And perhaps most importantly, I believe it is the best way to survive the tectonic economic shifts we are witnessing in the world today. And we “believers” are no longer alone. Bitcoin is now being embraced by everyone from institutions to governments to ordinary savers. Despite the press being fixated on price, Bitcoin continues to pass many structural and cultural adoption milestones with rapidity and ease,.

All the evidence heralding Bitcoin’s rise to reserve status is there. All you have to do is look.

The Orange Standard

You don’t have to search too far to find disquisitions on Bitcoin’s technical and theoretical brilliance, so I’ll keep my own precis brief.

When fiat replaced the gold standard half a century ago, the world’s bankers (including central bankers) discovered a multitude of ways to debase the currency. President Biden’s $3 trillion splurge is only the latest example of paper money’s malleability. Conversely, and as more people each day are realizing, Bitcoin can’t be inflated: there is a hard cap of 21 million coins. There’s simply no way to print or create more of it out of thin air

Bitcoin’s other advantages include the fact that, being digital, it does not require physical infrastructure to store. No vaults, no heavily-guarded vans or aeroplanes, no Fort Knox. You can transfer a billion dollars’ worth with a couple of clicks. And then there’s the fact that Bitcoin is not controlled by a central authority, which has rendered any attacks (and there have been a few) ineffective.

That, in a nutshell, is why Bitcoin ought to become the world’s reserve currency. Now let’s look at why it will.

The Road To Reserve Currency

We don’t need to speculate about Bitcoin’s rise to reserve currency status because it’s happening already. No, governments are not buying it or issuing bonds priced in BTC yet. But who says you need a green light from the government before you start putting funds into a safe haven?

Several very large public companies have already started converting their fiat balances into bitcoin. And why wouldn’t they when, as Microstrategy’s CEO Michael Saylor says, holding cash is like sitting on a melting ice cube? With businesses like Tesla, J.P. Morgan and Goldman Sachs buying big tranches of Bitcoin and opening trading desks, and as loose monetary policy erodes fiat’s value yet further, we’re already a long way down the road to reserve currency status.

There will be no big “Aha!” moment, when the Fed admits fiat was a mistake and starts converting to bitcoin. And there doesn’t need to be. When private companies, corporate treasuries and ordinary citizens adopt Bitcoin as their go-to savings asset, everything snowballs from there.

There’s another key driver of adoption that’s rarely mentioned. It’s often forgotten that politicians are people too, and if they’re smart their financial advisors will be urging them to hedge against the coming one world currency, one world tax system, and ever-surveilled economic paradigm with bitcoin. The government’s hypocrisy is going to become increasingly evident as governments continue to speak against bitcoin when its own members have holdings themselves.

Managing The Transition

None of this is meant to give the impression that Bitcoin will follow a single, arrow-straight pathway to hegemony. Even our community disagrees on how the Bitcoin network should develop: some say it’s perfect as it is but others think there’s more work to be done on UX, infrastructure and blockchain-based financial services. It’s the same with regulation, with opinion divided on whether bitcoin ought to be regulated or if it should not (or cannot) be subject to oversight and control.

There is wisdom in all these views. But however bitcoin develops, one inevitability is that attempts to kill it will fail. Countries like India and Pakistan have tried to ban holding or transacting bitcoin, only to be defeated in the courts or simply by the technical impossibility of stopping peer-to-peer transactions.

My own view is that regulation is an inevitability. And as such, the best option is to preemptively gun for sensible and industry-led frameworks. And it is my hope that governments will engage in constructive dialogue with those who understand Bitcoin’s technological and monetary characteristics. Postponing the inevitable does no favors for anyone, but through engagement and collaboration we can build a new economy that’s fit for our increasingly digitally-connected lives.

Yes, regulation is a slow, often ponderous process. But the sooner we have clarity over how governments will officially view Bitcoin – whether a black, white or grey economy – the faster we can finally deliver solutions that work for everyone. We, along with many other financial experts, are waiting in the wings, always willing to engage with governments and regulators so that together we can make the inevitable work for everyone.

This is a guest post by Nik Oraevskiy. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.


Source: Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select a Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber