Will Bitcoin replace the US Dollar? Depends on our choices.

In July, 1944, the Bretton Woods conference decided to lock the value of the US Dollar to $35 per Troy Ounce of AU-79. That lasted for almost 30 years, and those 30 years were some of the greatest decades of economic growth in our history.

Call me optimistic, but WHEN Bitcoin gets to a value of $1 Million per BTC, it means that 1 USD will equal 100 Satoshis, the smallest unit of the Bitcoin protocol. We will have a choice whether to take advantage of that conjunction, or we can ignore it. If we ignore it, we will have another opportunity at $10 Million and another at $100 Million per BTC.

If we take advantage of that opportunity, and lock the USD value to the value of Bitcoin, the Dollar will once again become a viable global transaction currency that everyone everywhere will be able to trust to keep its value over time.

I'm not expecting the US Government to take advantage of the conjunction. And we will see the complete collapse of our national economy and our place in the world. I hope I'm wrong.