Can Bitcoin become the future single global currency?

We certainly wish it would.

Heaven knows we need another alternative to replace the dollar. The dollar is so inflated by quantitative easing, monopoly money printed by the Fed. And remember the Fed is a private company, not a government institution, so the fact that the dollar is the global currency today does not mean that America runs the world economy.

It means that some private company run by elite central bankers runs the world economy today via the dollar. And this is totally unacceptable and counter to the citizens of the world running their own economic show.

The current global currency – the dollar – is backed by nothing other than the military might of America. It is backed by an army with guns. And if you don’t want to play by their rules, namely use their dollar to buy and sell your primary energy source, oil, then they will come in and destroy your country for you, take over and steal all your resources.

Look at Iraq, Libya, Syria and teetering on the edge today – Venezuela. Yes, Venezuela is being invaded by America as we speak because they won’t play by the rules of the dollar. They have some of the biggest oil reserves in the world and they don’t want to be dictated to by America but America is fomenting regime change as we speak, putting in their puppet Juan Guaido, whom they trained, to attempt a coup from within.

America also imposed heavy sanctions on Venezuela that have now crippled the country and thrown the citizens into abject poverty. They are being forced to collect sewerage water to drink because of American sabotage of their water facilities as well as sanctions and the insertion of that puppet ruler by America.

So the dollar has to die, and good riddance to the plague of the earth run by corrupt criminal mafia types in the guise of civilized democracy. What a farce. Even Mafia dons like Al Capone would show elements of civility by looking after his mother, his family and community and he would religiously attend Catholic church – after a massacre of his enemies. So outward shows of piety are easy to fake and that is what America is doing. Therefore there is a dire need for an alternative world currency.

And the biggest contender today is bitcoin.

Bitcoin is a currency of the internet. And our modern lives are lived more and more online by the day. We trade there, do commerce, invest buy and sell all our requirements via online shopping if we want to.

“[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”

Jack Dorsey, founder CEO of Twitter

Remember that Dorsey is also the founder of mobile payments company Square, which fully facilitates payments in bitcoin. In Q3 of 2018 they generated $43 million in bitcoin payments, paving the way for bitcoin to at least be the currency of the internet, which is a world unto itself – the cyberworld. Dorsey believes that bitcoin will be the next world currency.

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Another internet genius that is super bullish on cryptocurrency is Eugene Kaspersky, the CEO of the cyber security giant Kaspersky Labs. Since 2015 he has been saying that bitcoin can be the next world currency. However, he says that the world is not quite ready for it yet. National governments are not ready for it yet. And particularly America’s government is not ready obviously because they see it as a competitor to their global hegemony.

“Cryptocurrencies are a great idea, but the world is not ready for them yet. The world must be united if we want to have encrypted currencies. At the moment, governments will want to control them.”

Kaspersky

Interestingly Kaspersky also said that in the future – in 100 years from now – all the world’s governments may be a single government, and then they may adopt a single global currency. It appears that he was being super conservative in this estimate because it looks like it will take a lot less than 100 years for that prediction to manifest – maybe only 50 or 25 years. Barring World War 3 setting us back to the bronze age, it seems that it’s just a matter of a decade or two before the one world government, or at least the one world currency comes into being.

We can all speculate on the time frame, but the concept seems destined to happen. If the dollar can already presume to be that one world currency then certainly a more superior and socially just currency can and should take that position.

Kaspersky also said that in the future currencies will obviously be digital and not paper. And bitcoin is the prime digital currency, all ready to take its rightful place. However, since the world is not ready for it, it is the king in waiting. The blockchain upon which bitcoin is based and run has been in operation for 99.8% of the time since its adoption in 2009. Most Visa and Swift type companies are lucky if they can achieve that degree of stability in a month, what to speak of 10 years, so bitcoin and its blockchain are legendary in their robustness and durability.

Whichever digital currency does one day become the one world currency, it will certainly resemble bitcoin in almost all its attributes, so it may as well be bitcoin.

As Kaspersky says, geopolitically the world is not ready, or more bluntly the world governments are not willing to give up their tight centralized control over the masses. Fortunately the internet and now blockchain is decentralizing power, giving it back to the people and so it’s only a matter of time until bitcoin reigns supreme and the dollar falls into the gutter of history like so many other dictators and crony capitalist con men who tried to usurp the power of the people for their own personal gain. Well the world does not like bullies and so the dollar’s days are numbered.

Bitcoin, on the other hand, has only just begun.

I leave you with this explanation by one of the top financial experts and crypto evangelists in the world today:

“Well, there are three prices or numbers that you should associate with Bitcoin: There’s price, then there’s hash rate, then there’s the difficulty adjustment. Those are the three numbers that kind control the protocol in a lot of ways and price is the least significant of those three.

Hash rate and difficulty adjustments are also part of the protocol, but the one number that is never changing and never varies is that every 10 minutes new coins are created and that emission schedule of coins coming on every 10 minutes makes Bitcoin the Central Bank of the World with the most rock-solid monetary policy there is in the world”

Max Keiser, finance guru.