There is no serious threat the US Dollar as the global reserve currency. China is a currency manipulator and is teetering on the edge of collapse because of their monetary management. Bitcoin is far too unstable and represents a relinquishment of government control over monetary policy, which no sane government will give up. To put it bluntly, governments would rather the US control the world’s money supply than to give up control to the blockchain, which is poorly understood and far too risky to use outside of speculative markets and small scale experiments.
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