Economic frailty could soon give Bitcoin a new role in global trade Aggressive interest rate hikes have wrought havoc on global markets. As a consequence, more countries may embrace Bitcoin in the year ahead. The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving as the primary global reserve currency, currently accounting for about 40% of global exports. But monetary history tells us that multiple global reserve currencies can exist at one time. Many countries are actively seeking a reserve settlement that is insulated from global political strife. Bitcoin may fit the bill, and if it is adopted as an alternative reserve currency — even at the margins — we will see the unleashing of Bitcoin-based trade and the rise of a new geopolitical reality. The Bitcoin network is ready for this moment. Full Article: <a rel="noreferrer nofollow noopener" href="https://cointelegraph.com/news/economic-frailty-could-soon-give-bitcoin-a-new-role-in-global-trade" target="_blank">https://cointelegraph.com/news/economic-frailty-could-soon-give-bitcoin-a-new-role-in-global-trade</a>