General
Will a UN-recognized sovereign nation (excluding El Salvador) officially adopt Bitcoin (BTC) as legal tender, replacing the US Dollar (USD) as the primary reserve currency, before the end of 2028?
An economics and politics prediction on the potential for a developing or struggling economy to fully embrace Bitcoin and abandon the US Dollar as its chief monetary anchor.
84 total votes
Analysis
Replacing the Dollar with Bitcoin by 2028?
While El Salvador has adopted Bitcoin as legal tender, no other country has abandoned a major fiat currency (like the USD) to make Bitcoin its 'primary reserve currency.' This would be an immense, high-risk, political and financial gamble requiring a nation to fully integrate BTC's volatile valuation into its international trade, debt servicing, and national budget.
Sovereignty and Volatility
The overwhelming 'No' vote is rooted in the high political and financial instability that such a move would entail. The volatility of Bitcoin, coupled with the reliance of global trade on the established USD-centric banking system, presents a prohibitive risk for any nation seeking stability, especially in a timeframe as short as three years. A secondary, smaller country *adopting* it is plausible; making it the *primary reserve* currency is not.