12-08-2022, 09:04 PM
Bitcoin is the world's 28th largest currency, in a bear market, and without much ado
<!-- SC_OFF --><div class="md"><p>Bitcoin's role in the world is evolving and its place in the ranking of global currencies is quite impressive. People from nations with strong currencies, don't regularly interact with BTC as a superior alternative to their fiat currency. But people from nations with rapidly inflating currencies, are increasingly seeking refuge in BTC. If you're from a nation with a strong currency, it's easy to assume the system will be strong forever but this is very unlikely. It's not so much a matter of if but when.</p> <p>When the period of time comes that a strong currency loses its ability to have strong relative purchasing power, nations will be forced into an alternative. Bitcoin has earned its place as the viable alternative. And much like the citizens of weaker currencies have begun adopting BTC today, these stronger currency nations will see the same type of adoption by their citizens.</p> <p>Just think, if you were desperate to exit your country's currency and there were no other strong fiat currencies - where would you go? Transacting online with a lot of the other hard assets like real estate and precious metals is not a good option (maybe I'm wrong and there is a better global hard asset the world would agree to transact with one another?).</p> <p>In some ways it's funny that the strongest currency nations today, will experience the least benefit from BTC by adopting it last.</p> <p><a href="https://coinmarketcap.com/fiat-currencies/">https://coinmarketcap.com/fiat-currencies/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OpticallyMosache"> /u/OpticallyMosache </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zfe1il/bitcoin_is_the_worlds_28th_largest_currency_in_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zfe1il/bitcoin_is_the_worlds_28th_largest_currency_in_a/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Bitcoin's role in the world is evolving and its place in the ranking of global currencies is quite impressive. People from nations with strong currencies, don't regularly interact with BTC as a superior alternative to their fiat currency. But people from nations with rapidly inflating currencies, are increasingly seeking refuge in BTC. If you're from a nation with a strong currency, it's easy to assume the system will be strong forever but this is very unlikely. It's not so much a matter of if but when.</p> <p>When the period of time comes that a strong currency loses its ability to have strong relative purchasing power, nations will be forced into an alternative. Bitcoin has earned its place as the viable alternative. And much like the citizens of weaker currencies have begun adopting BTC today, these stronger currency nations will see the same type of adoption by their citizens.</p> <p>Just think, if you were desperate to exit your country's currency and there were no other strong fiat currencies - where would you go? Transacting online with a lot of the other hard assets like real estate and precious metals is not a good option (maybe I'm wrong and there is a better global hard asset the world would agree to transact with one another?).</p> <p>In some ways it's funny that the strongest currency nations today, will experience the least benefit from BTC by adopting it last.</p> <p><a href="https://coinmarketcap.com/fiat-currencies/">https://coinmarketcap.com/fiat-currencies/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OpticallyMosache"> /u/OpticallyMosache </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zfe1il/bitcoin_is_the_worlds_28th_largest_currency_in_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zfe1il/bitcoin_is_the_worlds_28th_largest_currency_in_a/">[comments]</a></span>