Bitcoin Could Become the Global Trade Currency Says Citi

bitcoin global trade ultimate form citi march 2021 1

“As its global reach continues to expand, Bitcoin’s borderless design and other features may position it to become an international trade currency in the future.” So says Citi in a 108 pages report entitled Bitcoin at the Tipping Point where they analyze its transformation and where it might be headed. They say initially the focus was on blockchain the technology, this new way of preventing double spends and keeping accounts in a new type of payment. Then there was the focus on censorship resistance and as a store of value for a currency with apparently 35% of US businesses accepting bitcoin according to the report. They argue now the focus is on scarcity with bitcoin seen as digital gold due to its finite supply, but its final form they say is as a global currency facilitating international trade. “A focus on global reach and neutrality could see Bitcoin become an…

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