What you think about this idea? Is that real, why or why not? What would you do instead of trading Forex if that happens?
FX is the largest financial market by far. IMO, it’s unlikely that would materially change - or even if it did, there would be other ‘monetary’ assets to trade against.
Never going to happen in our lifetime anyway
Dreadful idea - we as a world absolutely NEED the ability to adjust our countries money according to whether they are expanding / contracting their internal wealth. - The examples of Greece, Italy, Spain trapped in to the Euro and unable to devalue shows a prime example of what disasters would follow a global currency and indeed “banana Republics” show a similar problem which will shortly crop up again due teh the Belt and Road initiative.
It’s never going to happen - people’s needs are too disparate for it to work.
It’s one of those things that "SHOULD " happen. but “WILL NEVER” happen. In the world of superpowers and corrupt politicians that’s a dream.
But when the world is in dust after “a great war”, whether it’s biological (like a virus) or a war. May be someday. In a post apocalyptic future it will happen. Here’s hoping…
Why should it happen though?
I didn’t say that it should happen.
I mean if you think about bitcoin already is a one world currency.
I think what about all fiat currencies disappear and only one remains on the whole world (or if they make new one). Now you have a lot of fiat and crypto currencies so BTC is not the only and it can be used for a few things, and in future we are not sure if someone will just wake up and say : “Hey. from today I don’t accept Bitcoin anymore”
I think in theory it could be, but in today’s economic system IMO it’s impossible. Our economy too volatile for making one currency for everyone.
How do you mean in theory it could be, can you explain further please?
To be honest, I can’t even imagine that in theory.
Question for everyone who says that it is impossible:
Am I wrong or IMF is planning one world’s currency for decades?