What are the necessary conditions for bitcoin to become a global reserve currenc

[omori]

Don't you think they would choose control over everything else BTC may offer them?

It is actually a matter of concern and it is also an open secret that they are trying to take those steps to control the bitcoin network. But I think they are more likely to fail in that regard.
Because they will have to take over a large percentage of the total supply of bitcoin and I don't think it will be possible for them to do that in the current context and it will be harder as the days go by cause more people were adopting it.

So why try to control the network when you can create your own with your rules on it? (CBDCs..). But that's just how I see it.

[fruktik]

What conditions? Hmmm... And this is an interesting question. It cannot be answered in a clear manner. I still boil it down to the fact that a global force majeure circumstance in the financial sector must occur in the world, which will entail many sad consequences. Only then will the understanding come that there is an alternative to all this, which has proven its right to exist and has shown its advantage, functionality. The latter still needs some work. Why? Too small capacity. It will not withstand the influx of a huge number of people.

[tequilla_sunset]

What conditions? Hmmm... And this is an interesting question. It cannot be answered in a clear manner. I still boil it down to the fact that a global force majeure circumstance in the financial sector must occur in the world, which will entail many sad consequences. Only then will the understanding come that there is an alternative to all this, which has proven its right to exist and has shown its advantage, functionality. The latter still needs some work. Why? Too small capacity. It will not withstand the influx of a huge number of people.

..Or we may see lots of confidence through 2025 and see the BTC and the market bounce back a bit before hitting the Bear hard on its toes.

[fruktik]

..Or we may see lots of confidence through 2025 and see the BTC and the market bounce back a bit before hitting the Bear hard on its toes.

I don't think that under the current American government we will see a positive trend. Most likely, everything will go downhill. The US has outlined its position. They don't care about crypto and technology. They just stupidly hold on to power by any means necessary until their powers expire, and this could happen at any moment. More than half of America is already ready to overthrow this government and elect a new one. If this happens, then positive dynamics will return to the crypto market. Only this way and no other way.

[|MINER|]

So why try to control the network when you can create your own with your rules on it? (CBDCs..). But that's just how I see it.

I think this is also the open secret we all know, like if they make their own rules what you mean by CBCDs those would not gonna be the Bitcoin.
Bitcoin is a place of trust where people are getting a decentralized ecosystem and the value of this Bitcoin is increasing day by day, I don't think it will be possible with any CBDCs.
And so they are trying to control it from within Bitcoin. But even though they can do simple and very short-term market manipulation, when you look at it from a long-term perspective, they have failed repeatedly.

[electronicash]

..Or we may see lots of confidence through 2025 and see the BTC and the market bounce back a bit before hitting the Bear hard on its toes.

I don't think that under the current American government we will see a positive trend. Most likely, everything will go downhill. The US has outlined its position. They don't care about crypto and technology. They just stupidly hold on to power by any means necessary until their powers expire, and this could happen at any moment. More than half of America is already ready to overthrow this government and elect a new one. If this happens, then positive dynamics will return to the crypto market. Only this way and no other way.

when they settle for USD as the global reserve, i believe there was the Bretton Woods system initiated by the US government for the international currency system.

who has the power to do this system to initiate for BTC to be the global reserves when trusting each other is already an issue. when Gold reserves failed them then there is nothing else unless trust is restored. the only they could do is allow Bitcoin to be used in the international trade.