What happens when the world’s currencies lose credibility, and the alternative—Bitcoin—starts to look like the only stable measure of value? That’s the provocative question at the heart of Global Currency Crisis in a Bitcoin Standard: Risks and Systemic Shifts by Bittrees Research.
This paper doesn’t just speculate on Bitcoin’s price—it examines the real economic consequences if Bitcoin becomes the dominant global currency. Using a scenario in which Bitcoin’s adoption accelerates at 40% annually, the research suggests it could reach parity with the world’s $123 trillion money supply within 13 years—placing 1 BTC at over $5 million. Such a shift would fundamentally reprice all fiat currencies, undermine central banks’ ability to manage economies, and introduce new risks to governments, financial institutions, and credit markets.
For investors, this presents both a warning and an opportunity. On one hand, those holding assets denominated in fiat could see their real value eroded; on the other, those positioning early in Bitcoin or related instruments may find themselves ahead of a monetary reset. The paper introduces tools like BNOTEs—Bitcoin-denominated, bond-like instruments—to fill the role that sovereign debt and central bank liquidity operations play today.
But this isn’t just a story for finance professionals. Everyday savers, policymakers, and business leaders all face the same underlying question: What if money itself is about to be redefined?
As governments grapple with debt burdens and inflation pressures, and as more individuals turn to digital assets for protection, the global monetary system may be approaching a tipping point. This research offers a framework to think through the economic, structural, and strategic implications—before the transition becomes unavoidable.