Some Bitcoin News: Bitcoin As The Global Reserve Asset And Transactions Eclipse Mastercard/Visa
There are a couple of articles that are worthy of mentioned.
In this video I discuss the idea of Bitcoin as a global reserve asset. This is something that Mark Cuban most recently floated (not a new idea). We also have a report that Bitcoin exceeded MC/Visa transactions. This is a bit misleading since BTC isnt a medium of exchange, hence not really a payment system in the sense these others are.
Here are the articles:
https://u.today/bitcoin-surpasses-visa-and-mastercard-in-this-key-metric
▶️ 3Speak
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I like the idea of BTC and ETH serving similar purposes as Gold and Silver. BTC has scarcity going for it, and ETH has been deflationary for a while. Seeing BTC have a lot of transaction is interesting, but I don't see it being the norm. As more BTC are stored in ETFs, the liquid supply should get lower, and the transactions should follow.
I would agree with you, if more entities hold Bitcoin as a reserve, that will mean less of it out there. That would likely mean it could end up with transactions following, at least for BTC itself. You might get a lot of activity on things tied to it like ETFs or wrapped tokens.
As for the gold and silver, time will tell. It is possible that Bitcoin does take over for gold. In the digital age, this makes a lot more sense. There is also the generational thing to consider.
Once the SWF and Family Office turn hands to the next generation, greater and greater allocations will go to these digital assets. My brother and I have been hounding my dad to make an allocation for over a decade. Oh well! Old dog refuses to learn new trick!