Home Forums Hunting & Shooting Hunter's Campfire For Old Toot: Bitcoin discussion

If Bitcoin becomes the world reserve currency, won't it become a self fulfilling phenomenon? That action would devalue all other fiat currencies, thus stabilizing Bitcoin and assuring its future use and value. What might major global sovereigns do to prevent that? What could they do?

It's hard for me to imagine any sovereign, especially China, being trusted to hold a world reserve crypto currency denominated in their fiat monetary units.