Monday, July 3, 2023

Bitcoin As An USD Alternative



Many analysts and investors regard Bitcoin as USD 2.0

Money's definition is unit of account, means of exchange and store of value. Bitcoin to 30 % fulfills these traits, but locally, according to Wolfteam Ltd.'s corporate view.

One of the main advantages of the USD is that is a global reserve currency. While Bitcoin is exchanged as a reserve unit, locally.

Thus there is a long road in front of Bitcoin, until it gets near USD's global reserve currency and thus global money status.

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