Exploring Bitcoin's Potential to Meet Global Cash Demands

Exploring Bitcoin's Potential to Meet Global Cash Demands

the potential for Bitcoin to meet global cash requirements, such as cross-border transactions and reserve demands. We conclude that while Bitcoin's total supply is limited, its availability and high market value give it the potential to reach extraordinary levels far exceeding the world's daily cash requirements. This implies that despite Bitcoin's finite supply, its value could surpass global cash demand. However, the key question remains whether Bitcoin can replace national currency worldwide, and we examine the significant consequences such a shift would entail.

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