is btc the petrodollar of the decentralized digital economy?

in #bitcoin7 years ago

I encounter many investment professionals and the topic of bitcoin inevitably comes up. "Tulips" they say. A widely held assumption seems to be that crypto currencies will inevitably be transferred into fiat, and drive a crash in price. Few comment on the decentralized economy that is building, and hardly any have read the btc white paper. But given that bitcoin is a primary transaction currency into these platforms, I've wondered if it's accurate to say that btc is the petrodollar of the decentralized crypto economy?

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 59367.33
ETH 3172.01
USDT 1.00
SBD 2.43