If you actually used bitcoin, (or any cryptocurrencies I know of), as a global currency it would be an economic disaster. Not only is it far too volatile, but the same thing that makes it so great for speculation - its ever-rising value - would create economy-wrecking deflation.
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If everyone used bitcoin instead of fiat money, the smartest thing to do would (unless its value was currently plummeting) would always be to sit on it and watch your bank account gain value. Investment and consumer spending would grind to a halt and a crisis would ensue.
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That said, it IS a great tool for speculation, can't deny that. Lotta people turned themselves into millionaires off this crazy investment. But unless there's some dramatic shift in how they work crypto will never be actual currency, but more like a digital asset like CSGO skins.
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I think it has basically all the strengths and weaknesses of gold; arbitrarily divisible, store of real value ergo deflationary, easy to transfer, easy to buy and sell without actually having in hand, easy to steal without serious safeguards.
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