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Bitcoin Could Be Single Global Currency

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Bitcoin

could become single global currency: (let's dive in): BTC

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The idea of using a single currency for the entire global economy is not new.

As early as the first half of the 1900s during the Bretton Woods Agreement, Jonh M. Keynes proposed the creation of a single international currency called bancor.

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An exclusively interbank currency that, unlike any existing currency, would have the function of serving only as a unit of account without being a store of value.

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At the time, his proposal was not accepted but his idea continued to gain support among subsequent generations of economists.

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WHAT WOULD BE THE BENEFITS OF A SINGLE CURRENCY?๐Ÿ‘‡

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๐Ÿ“Œ Problems related to the foreign exchange market and conversion fees would end immediately. This would improve and simplify international trade.

๐Ÿ“Œ Global rules of finance would be leveled and all countries would be on an equal footing.

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๐Ÿ“Œ Countries with a weaker currency could benefit from a stable currency

๐Ÿ“Œ Even geographically distant countries could trade more easily.

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Of course, not everyone is in favor of such a scenario materializing:

For example, for Nobel laureate Robert Mundell, "the optimal currency area is not the world," since cohesion among all nations would be complicated if not impossible.

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BUT THEN BITCOIN COULD BE THE WORLD'S SINGLE CURRENCY?:๐Ÿ‘‡

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One of the leading proponents of this theory is

Anemous, who in his book "The bitcoin Stantard" explains how bitcoin could bring the same benefits as gold to the history of world trade, providing the new basis for a functioning economy that would avoid recessions and debt.

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Perhaps it is still early to give a definitive answer.... But without a shadow of a doubt, we can agree that the current global monetary system is a disaster, as it is designed to create more losers than winners.

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Would it be so inconceivable for humanity to finally have a single global currency that is controlled by no one but, at the same time, belongs to everyone? Let me know yours in the comments:๐Ÿ‘‡

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