As many experts around the world agree that the dollar’s dominance won’t last forever the CEO of Coinbase, Brian Armstrong, believes bitcoin will “surpass” it as a global reserve currency “within 10-15 years.” As a former Wall Street banker and economics major in school, I have studied and accepted as fact that the U.S.Dollar’s days as the global reserve currency are numbered.It could be replaced 3 years from now, or 5 years, or 10 years from now.It will happen, in my opinion, the only question is when, not if, it does.I could be wrong, but don’t just take my word for it.Peter Schiff, Robert Kiyosaki, Bill O’Reilly, and other noted experts read the handwriting on the wall as well and have come to the same conclusion.The only issue is when it will come to pass.It looks like Coinbase CEO, Brian Armstrong, agrees with this assessment as well, but the outcome is very different in his eyes.Not only will the U.S.Dollar days as the world’s economic sledgehammer end sooner rather than later, but it will fall at the hands of the digital currency bitcoin.

Not only that, but he says his company, Coinbase, has a plan to make it so, within the next 15 years.Many will find this crazy, but I think bitcoin could surpass the dollar as reserve currency within 10-15 years.— Brian Armstrong (@brian_armstrong) July 24, 2015 Those that see the end of the dollar’s influence ending in the near future see many issues.Among the many reasons for this sentiment are “Quantitative Easing” creating too much liquidity and debasing its value; a lack of demand outside of the United States, where more than half the dollars worldwide reside; bilateral trade agreements increasing at an increasing rate; moving goods and services around the dollar to escape its influence on trade.But the real problem has been finding a global alternative.There is nothing that is ready to replace it alone, so “a basket of currencies” may be a short-term answer in the coming years until a permanent solution is found.After over seventy years of unlimited economic power, the world is putting the U.S.

Dollar on the clock.I could write a separate article about the geo-economic dynamics of it all, but the short answer is the U.S.Dollar is dying, and the world is working on a suitable replacement along with Armstrong and Coinbase, who “have a rough plan to get there.” In theory, does bitcoin have the downward mobility to potentially make it a global reserve currency?Technically, yes, but it was never intended for that purpose but as an alternative to fiat currencies.The primary problem for bitcoin becoming a global reserve currency, besides its decentralized nature, is price/value volatility.Dollars lose value every year, like clockwork, but so slowly that people don’t notice it on a daily basis.Until the volatility has leveled off recently, bitcoin’s value has been a major source of uncertainty."Volatility is a self-correcting problem, and we've seen that as it's dropped in the last three years, year-on-year," Armstrong told IBTimes UK."I foresee it continuing to do that over the next few years."

Do I believe bitcoin as a global reserve currency is a realistic goal?aml for bitcoinNo, but with bitcoin, anything is possible.bitcoin family martPeople will not give up their bank accounts for bitcoin wallets, en masse, anytime soon.litecoin difficulty scheduleThe chances of a decentralized global currency run by bitcoin miners, not central banks, are beyond slim.fbi bitcoin holdingThe world’s centralized banking interests will do anything to continue to control the world’s monetary system.bitcoin billionaire online hackThere’s a lot of money in it.bitcoin usd bitstamp

Therefore, the prospect of bitcoin supplanting the US dollar as a global reserve currency is an altruistic, but unrealistic outcome.But is Armstrong onto something?We’ll learn a lot about the world’s economy, Bitcoin, and Coinbase, in the coming years.However, what is almost certain is that Bitcoin isn’t going anywhere and its part in an ever-increasing digital future is all but assured.The United States has played a major role in the way the global economy moves, but this is slowly changing.A strong, global economy should be stable, which encourages growth and investments to thrive.The United States has provided that in years past, but with populism on the rise, globalization losing momentum and political uncertainty developing across the world, reserve currencies are proving to in a volatile state for now.One of the largest players in the global economy is China.China has profited from stability and seems to be well-aware of the danger the world’s political unrest poses to the economy as a whole.

This is one reason why China is pushing for a new global currency that would be free of American influence.It seems that the Bitcoin is starting to slowly become that currency even with new regulations in place.It is estimated that 51% of Bitcoin users are outside of the United States, so the idea of separating global currency from the U.S.Several countries and thousands of vendors are already accepting Bitcoin technology as a form of payment, which means this adoption of payment will only grow.Obviously, there are a number of positive reasons to move toward this type of currency.For one, governments like the United States, India and the European Union will not have the power to influence the currencies within our global economy.Additionally, the value of the currency will not be tied to any one government’s failures, such as Greece whose economic failure devastated the country and their currency’s value.Clearly, there are benefits for governments, but there are also benefits for people.