|Join Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,675,605 members, 6,294,382 topics. Date: Tuesday, 18 May 2021 at 09:42 AM
|Literature / Re: Competent Writers Needed For Long Term Engagement (pay N3 Per Word) by shalomme: 12:00pm On May 05|
Bitcoin to Replace US-Dollar as World’s Reserve Currency-Here’s why
The arrival of Bitcoin on the scene is arguably the best thing to happen to the world’s financial sector in about a decade. This digital currency has grown from being just an amazing invention to become a rapidly developing investment market. While this achievement by the Bitcoin is great in itself, Bitcoin appears to have more to offer. As the days, months and years go by, Bitcoin is gradually becoming a vivid option to regular currencies. This is coming at a crucial time when it appears that lots of governments are finding it difficult to regulate finances. With the US-Dollar not left out of the mess associated with regular currencies, Bitcoin has been tipped to replace the US Dollars as World’s reserve Currency. This might seem crazy but is definitely not without reason.
Bitcoin was designed to have Advantages over Regular Currencies
Unlike regular currencies, there is a limit to the amount of Bitcoins that can ever get into circulation. While this limit has not yet been reached, it does exist. By design, not more than 21 million Bitcoins can be created. This implies that as soon as 21 million Bitcoins are mined, that will be an end to the mining of Bitcoin. Although this probably seems quite insignificant, it is the direct opposite of traditional currencies which always get printed whenever there is a perceived need.
The ability of the governments to print money as they please may see nice because of the freedom involved, in the long run, it leads to the devaluation of the currency. Over-time, lots of government currencies, the US-Dollars included have lost value. Unlike these traditional currencies, the Bitcoin is expected to gain more value with time. Also, the fact that there is not a huge supply of Bitcoins as compared to traditional currencies appears to be a solution to inflation. This, therefore, makes the Bitcoin an ideal currency to be used for the store of wealth.
Bitcoin is not affiliated with any Government
The limited supply of Bitcoin might be an amazing advantage that it has over the US-Dollars. That, however, is not the only advantage that it has. One other factor that could lead to Bitcoin replacing the US-Dollars as the World’s reserve currency is the fact that it is independent of any government. This implies that irrespective of decisions by governments that might lead to a crash of currencies that they control, the Bitcoin will not be affected by any bad government financial decisions.
How soon will the Bitcoin replace the US-Dollars as World’s Reserve Currency
Although speculations are high, it is still uncertain how soon Bitcoin will replace the US-Dollar as world’s reserve currency. The reasons for this are quite simple, Bitcoin was designed to be an option to traditional currencies and not necessarily a replacement. Also, if the Bitcoin replaces the US-Dollars as world reserve currency, then, there is a likelihood that governments might want to control it, thereby making it lose its decentralization feature.
There are strong speculations that the Bitcoin might be a likely replacement for the US Dollars. While different experts have different opinions, there are some pieces of evidence that back up the ability of Bitcoin to replace the US Dollars as the world’s reserve currency. Let’s find out some of these pieces of evidence.
|Romance / Re: Why Can't Guys Date Without Having Sex? by shalomme: 12:45am On May 01|
Rose, there are people that are willing to date without sex. Male and female. I know a couple of them. You just need to find them. It is not the easiest thing to do. But, trust me. It is not as difficult as people make it seem.
|Music/Radio / Re: Shalom Oparah - I Love Your Love (official Video) by shalomme: 9:04am On Apr 08|
|Music/Radio / Re: Shalom Oparah - I Love Your Love (official Video) by shalomme: 8:53am On Mar 10|
Watch and thank me later
|Music/Radio / Re: Shalom Oparah - I Love Your Love (official Video) by shalomme: 6:46pm On Jan 07|
|Music/Radio / Re: Shalom Oparah - I Love Your Love (official Video) by shalomme: 4:09pm On Jan 04|
|Music/Radio / Re: (new Gospel Song) Shalom Oparah - I Love Your Love by shalomme: 4:08pm On Jan 04|
|Literature / Re: Online Casino Niche Writer Needed Urgently by shalomme: 10:27pm On Dec 16, 2020|
|Fashion / Re: Running Facebook AD by shalomme: 10:11am On Nov 25, 2020|
I have the same challenge
|Music/Radio / Shalom Oparah - I Love Your Love (official Video) by shalomme: 5:03pm On Nov 10, 2020|
Super-gifted gospel artist, Shalom Oparah has released to long-awaited video to his hit single, I Love Your Love.
|Properties / Re: Half Plot Of Land With 3 Bedroom At Lintel Level And 2 Bedroom Foundation At Ifo by shalomme: 3:26pm On Sep 25, 2020|
|Properties / Half Plot Of Land With 3 Bedroom At Lintel Level And 2 Bedroom Foundation At Ifo by shalomme: 1:39pm On Sep 25, 2020|
Property for sale is half plot of land. On it is a 3 bedroom at lintel level and a two bedroom at foundation level. It is located at olaogun, ifo LGA, Ogun state. It is very close to Agbado market and a stone throw from Lagos. For a give away price of just 2.5m
Reach me on WhatsApp 08114114644 or call me on 09074691140
|Properties / Half Plot Of Land With 3 Bedroom At Lintel Level And 2 Bedroom Foundation At Ifo by shalomme: 1:33pm On Sep 25, 2020|
Property for sale is half plot of land. On it is a 3 bedroom at lintel level and a two bedroom at foundation level. It is located at olaogun, ifo LGA, Ogun state. It is very close to Agbado market and a stone throw from Lagos.
|Literature / Re: Seo Writers by shalomme: 10:10am On Aug 05, 2020|
|Literature / Re: Freelance Experienced Articles Writer Needed! by shalomme: 6:01pm On Jul 15, 2020|
Hi, I am interested in working with you
|Literature / Re: Article Writers Needed.. by shalomme: 8:27pm On Jun 23, 2020|
OFFICIAL336:Hi let me write for you. I will send you samples before we Get started
|Literature / Re: Article Writer/copywriter Needed Urgently. by shalomme: 9:10am On Apr 30, 2020|
|Literature / Re: Rewriters Needed by shalomme: 7:01am On Feb 08, 2020|
|Literature/Writing Ads / Re: Professional Writer Needed by shalomme: 9:17am On Feb 04, 2020|
|Jobs/Vacancies / Re: Professional Articles Writer Needed: DEAL (CLOSED) by shalomme: 5:26pm On Feb 01, 2020|
|Jobs/Vacancies / Re: Professional Articles Writer Needed: DEAL (CLOSED) by shalomme: 12:47pm On Feb 01, 2020|
|Jobs/Vacancies / Re: If You Can Write An Ebook, This Is For You by shalomme: 3:04pm On Jan 31, 2020|
|Jobs/Vacancies / Re: Content Creator/writer Needed by shalomme: 10:07pm On Jan 15, 2020|
|Music/Radio / Re: Did You Record Any New Song This Year? by shalomme: 7:02pm On Jan 13, 2020|
|Music/Radio / Re: Did You Record Any New Song This Year? by shalomme: 7:01pm On Jan 13, 2020|
|Music/Radio / Re: (new Gospel Song) Shalom Oparah - I Love Your Love by shalomme: 10:10am On Nov 11, 2019|
|Literature / Re: In Need Of A Freelance Writer **1.3naira Per Word(non Negotiable) by shalomme: 9:45am On Nov 11, 2019|
|Music/Radio / (new Gospel Song) Shalom Oparah - I Love Your Love by shalomme: 1:42am On Nov 10, 2019|
|Literature / Re: Game Content Writer Needed Asap by shalomme: 7:59am On Oct 02, 2019|
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 93