Bitcoin (BTC) As National Currency: Five Use Cases Indicated by Analyst PlanB

Bitcoin (BTC) as a reserve currency for the whole nation would mean the ultimate mass adoption stage. Five types of ‘countries’ may be pioneers here, PlanB says.

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Prominent cryptocurrency researcher and analyst PlanB named five types of 'countries' that should consider switching to Bitcoin (BTC) as a reserve currency and as an instrument of governmental remittances.

National Level Use Cases for Flagship Cryptocurrency

In a recent tweet, PlanB claimed that some communities (not necessarily nation-states) would better of using Bitcoin (BTC) instead of the U.S. Dollar for a couple of reasons.

First of all, the largest oil producers who would like to hedge the risks from the USD hyperinflation may be interested in Bitcoin (BTC) payments. Then, 1 of 168 poor countries will have a monetary Bitcoin (BTC) market capitalization.

PlanB showcased five situations when Bitcoin (BTC) can be useful for states
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The countries with hyperinflating currencies may also use Bitcoin (BTC) as an instrument for settlements. Countries under U.S. trading sanctions is one more unexplored field for Bitcoin (BTC) solutions.

Particularly, the countries where The Society for Worldwide Interbank Financial Telecommunication (SWIFT) payments die to extreme draconian sanctions, would enjoy free Bitcoin (BTC) transactions.

Finally, Bitcoin (BTC) may act as a currency for high-tech communities like Silicon Valley for internal and external payments.

Government Budgets to Explode with 'Stock-to-Flow'

Should some country actually decide to replace its currency with Bitcoin (BTC), its national budget may skyrocket. According to the 'Stock-to-Flow' Bitcoin (BTC) price model by Plan B, the price of the king coin may reach $900,000 in its next cycle between 2021 and 2024.

👉 MUST READ Bitcoin (BTC) Price Expected to ‘Stay Below $55K’ by ‘Stock-to-Flow’ Author and Followersrelated article image

Recently, an army of his supporters include mysterious Bitfinex whale trader Joe007 and vocal Bitcoin (BTC) proponent Max Keiser of Russia Today (RT).

While the former announced that he stopped mocking the 'Stock-to-Flow' prediction due to its rising mainstream adoption, the latter called S2F a valid and insightful model, and very useful for understanding of market processes.

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Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)