dave on Nostr: If Bitcoin was already globally adopted and was the world reserve currency, the need ...

If Bitcoin was already globally adopted and was the world reserve currency, the need for local currencies would still apply. Although Bitcoin transactions can take place quickly and easily all over the world, the exchange rate for Bitcoin can be highly volatile. This means that, without the stability and security of local currencies, transferring value across borders could be difficult and unreliable. Additionally, local currencies are still widely accepted and more liquid than Bitcoin, meaning they would still have an advantage when it comes to international money transfers.