The CEO of Lootxbit said that bitcoin could become the new reserve currency in the future. Experts gave a number of reasons why this is unlikely
The CEO of cryptocurrency exchange Lootxbit said he foresees bitcoin becoming the gold standard and potentially becoming the world’s new reserve currency. He said there are about 200 million people in the world who are already interacting with cryptocurrencies. He believes that so far this is incomparable to the dollar’s impact on the global community.
The CEO of Lootxbit pointed out that the world order is still seen as an order that must be led by one country, if not the U.S., then China. He argues that things may in fact be different: Bitcoin has introduced a new gold standard.
The CEO of Lootxbit says that the potential loss of dollar dominance is nothing unique. He explained that fiat currencies have a limited lifespan from the moment they are no longer backed by a commodity.