$BTC #bitcoin will never be a global currency in my view.
1. Less with more will always lead to negativity.
2. It is estimated that 44% of the world's population lives in rural areas.
2. It is estimated that 67% of the world has access to the Internet and 78% has at least one mobile device (cell phone).
3. Totally dependent on the Internet, even with Starlink becoming extremely accessible, dictatorial governments like in Venezuela and Cuba, could easily become a crime. For example, the Cuban government depends on remittances from Cubans abroad, but this is decreasing as families also leave the country, 18% of the population left in 2022 and 2023, Bitcoins would not keep these people in Cuba.
4. It has a limit of 8 decimal places, the smallest value is called satoshi (0.00000001).
5. Fewer bitcoins result in more volatility in the market, more fractional prices become more unstable, but the side effect is their increasing value over time. For purchases of products with very fractional values, such as prices in satoshi, before starting the act of making a purchase, you notice the instability of the currency. When you decide to buy a product that would cost 10 satoshi at that second, its price goes up or down thousands of times before the transfer, basically becoming a gambling game. It is the businessman or the customer who wins the most, there is no fixed value.
6. Millions of Bitcoins already have a dead value, they will never enter circulation, they increase as people lose their passwords, acquire dementia due to age, poor health or the death of the same person taking the bitcoins with them to the grave, shortening the useful life of the bitcoins. Less with more will never give a positive value.
7. The trend of bitcoins is the centralization of most of it in groups that have been there since the beginning, with a concentration of power greater than all those who entered the network late together, becoming a single government group, dictating rules in society, whoever does not have this system will not be able to buy or sell, the high volatility and instability will be the downfall.