The history of the world's reserve currencies over the past 600 years shows there have been several dominant countries at different times: the Netherlands, the UK, and the US.
At every historical stage, the world's reserve currencies cames along with their strong economic fundamentals and military might.So far in human history, no single dominant force has been able to stay on the top. The Netherlands, Britain, and the United States were the dominant forces in the past 500 years, but they all in a trend of replacement.
With the establishment of the new world order, any replacement of the world reserve currency completed with decades or even hundreds of years. The US now printing lots of dollars and generating and debts, which shows a similar historical scenario.
Bitcoin is the product of the interactive development of the internet and finance, as well as the development of the times. Bitcoin is a currency issued based on a set of internet protocols rather than credit. Without issuer, third-party institution, and regulatory authority. The generation, transaction, and exchange of Bitcoin are all completed jointly by all nodes of the entire Bitcoin network.
Because of the sharp fluctuation of the exchange price of sovereign currency, and its super-sovereign currency feature has also attracted the attention of the public. Bitcoin is also a value symbol and the value is reflected in the exchange. However, it differs from sovereign currencies in that no country or economy guarantees Bitcoin, and its purchasing power is not linked to any GDP of the economy. The whole process from the generation to the circulation of Bitcoin is based on the credit of the entire Bitcoin network. The core value of Bitcoin lies in its independent and free structure, which ensures that any transaction is valid.
In the complex context of this transition, Bitcoin has the potential to seize a rare historical opportunity to make the jump from the hundred-billion-dollar to the trillion-dollar level. If bitcoin doesn't make that leap in its second decade, it has little chance of becoming the digital gold or one of the major reserve currencies of the new era. Overall, though, future uncertainty gives Bitcoin the chance to jump.
The market lacks an investment that could resist the risk of volatility and at the same time bring certain returns. The dual currency emerged as the times require. Different from the existing interest-bearing deposit and currency financing, dual-currency determines the income settlement method based on the "pegged price". Dual-currency financing can gain value from one of the two digital currencies.
Taking BTC/USDT dual currency which recently launched by BitOffer as an exampleDual Currency is a non-principal protected investment product with a floating return. The yield of the product is secured at the time of purchase, while the currency in which the product will be settled changes depending on how the Settlement Price compares with the Linked Price. A short-term investment product, Dual Currency could potentially provide a very high return. We have also designed it with a selection of tenors, catering to your varying risk appetite.
In this way, we can realize that Dual Currency is a product that enables investors to earn a stable profit from the cryptocurrency market. Even its profit seems to be higher than holding tokens on the spot trading market, but unlike leveraged trading, the risk is much lower.
Here is an example of investing Dual CurrencyLet's take a look at how the Dual Currency - USDT Product works
Here we have a product with the parameters as follows:
Linked Price: 8,000
Expiry Date: 10-Apr-2020
Yield: 5%
Investment Currency: USDT
On 06-Apr-2020, John bought 10,000 USDT notional of the above product.
On 10-Apr-2020
If BTC rallies between April 6 and April 10, and the Settlement Price is above 8,000 USD, John receives his original investment + 5% yield in USD. Therefore, he receives 10,000 + 5%*10,000 = 10,500 USDT.
If BTC weakens against USDT between April 6 and April 10 and the Settlement Price is at or below 8,000 USD, John receives his original investment and 5% return in BTC. Therefore, he gets 10,000/8,000 + 10,000/8,000*5% = 1.3125 BTC.
Simply put, it is guaranteed that John will get a 5% yield on the expiry date. The only uncertainty is whether he will receive it in BTC or USDT, depending on where BTC/USD stands on the expiry date.
Dual-currency is very suitable for stable investors who are averse to fluctuations. If such investors only hold the currency, it is difficult for them to get extra income in the current volatile market. Dual-currency finance can ensure the growth of investors' accounts at the given rate of return.
BitOffer as the largest digital currency derivatives trading platform, committed to providing investors with a richer, more appropriate investment category, the pioneering BTC, ETH, BCH, BSV various mainstream currency options, day trading user must, recently launch BCT/USDT dual-currency money, for investors in an uncertain market environment, provide deterministic appreciation, fearless and double benefits.
Sign up and enter the referral ID 007RTX to get $50.https://www.bitoffer.com/en
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Topic: BitOffer: Will Bitcoin become the accepted currency of the future? (Read 5999 times)