Could Bitcoin or Altcoins become a world reserve currency?

Apr 2017
Texas
#1
Brian Armstrong, Coinbase's CEO, said at the 2017 Token Summit that in the future Bitcoin or a number of other cryptocurrencies could be a world reserve currency.
https://cointelegraph.com/news/coin...s-like-bitcoin-will-become-reserve-currencies

According to Business Insider, the total combined wealth of world is estimated to be $241 trillion dollars.
http://www.businessinsider.com/the-combined-wealth-of-everyone-in-the-entire-world-2016-9

If the total number of Bitcoin's that will ever be created is 21 million:
https://www.forbes.com/sites/samant...ective-on-what-bitcoin-will-be-worth-in-2014/

and if my math does not deceive me, to get to the $1 million dollar per Bitcoin prediction some have recently made, Bitcoin would have to represent one tenth of the world's wealth (provided the world's wealth stays come to what it is today). Is this plausible? Thoughts...
 
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#2
Here's a thought provoking scenario;

Let us assume the total wealth of the world to currently be about $240-250 trillion. Now make a rough guestimate what percentage of that figure would account for your total wealth today. It would most likely be a very minuscule percentage.

Now let us assume that at some point bitcoin becomes the new global currency.

If there will only ever be 21 million bitcoin mined, if you own one bitcoin now and hold on to it, you (or your descendants) will own one millionth of total global wealth, which is almost certainly a much bigger percentage of global wealth than you currently hold - by a lot.

If you also take into account the bitcoin that have been forever lost, the figure of 21 million would probably need to be seriously reduced.

Buy and hold. I don't think you'll regret it.
 
#3
Here's a thought provoking scenario;

Let us assume the total wealth of the world to currently be about $240-250 trillion. Now make a rough guestimate what percentage of that figure would account for your total wealth today. It would most likely be a very minuscule percentage.

Now let us assume that at some point bitcoin becomes the new global currency.

If there will only ever be 21 million bitcoin mined, if you own one bitcoin now and hold on to it, you (or your descendants) will own one millionth of total global wealth, which is almost certainly a much bigger percentage of global wealth than you currently hold - by a lot.

If you also take into account the bitcoin that have been forever lost, the figure of 21 million would probably need to be seriously reduced.

Buy and hold. I don't think you'll regret it.
At that point the world will be ruled by the neckbeards like us who thought that cryptocurrencies were cool haha
 

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