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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Monday, September 19, 2022

Can Bitcoin Replace the USD?


Yes, partially.

Bitcoin has almost all of the characteristics of money - unit of account, store of value and means of exchange.

Bitcoin's only problem is its too high price volatility. You do not know how much value you exactly store, since Bitcoin can either rise 60 % or fall 60 % in the space of three months.

Otherwise, Bitcoin is actually much more efficient than USD bankkontes printing. Minting Bitcoin takes up less resources, does not create so much waste and is verified by the global population.

I think Bitcoin will slowly take up market share from USD, since people are now fundamentally distrustful of the United States Dollar and other paper money. Especially now in times of high inflation.

In times of high inflation people are getting disgusted from paper money and the politicians behind them.

Bitcoin is a fresh, new, democratic alternative.

Sooner or later politicians, even US democrats will embrace Bitcoin, I think.

Bitcoin's efficiency and turnover velocity can increase tax revenue and thus the loosely controlled Bitcoin could become more palatable for politicians. 


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