Bitcoin’s creator ‘Satoshi Nakamoto’ envisioned #BTC becoming the new global currency. With a looming global economic recession and rampant inflation, could Bitcoin replace the dollar? Former Bank of America executive and top Wall St analyst David Woo (@Davidwoounbound) takes on entrepreneur and evangelical Bitcoin maxi Jimmy Song (송재준) (@jimmysong) in a no-holds barred debate. The world reserve currency is the safe haven of the global economy. It is used by central banks, governments and institutions for trade and settlement across the world. For nearly 80 years, the #USD has held this position. But could #BTC take its place? #BTC supporters like Jimmy Song say it protects against inflation and confiscation and that the dollar has had its day – suggesting there is zero chance that Russia will be using the dollar as a reserve currency again after what's happened with Ukraine. He argues the U.S. is one of the wealthiest nations because they are the reserve currency holder - whenever they have trade deficits, they can essentially print money for goods and services from other countries. But David Woo argues the dollar remains unbeatable in terms of a reserve currency status, referencing that it recently hit a 20 year high despite the war in Ukraine. He rejects the idea that #BTC could take its place as it provides terrible returns compared to the stability of the #USD. This video also looks at whether the US government could kill Bitcoin if it grows larger and looks in danger of threatening the #USD reserve currency status or whether #BTC users and producers can find ways around a potential ban. And what role will #regulation play in the future of Bitcoin? We’ll examine whether CBDCs will spell the end for Bitcoin's chance to become a global reserve asset or whether they will actually lead to greater #BTC adoption as users look to combat financial surveillance. 0:00 Bitcoin vs Dollar 0:25 Could Bitcoin Replace the Dollar? 0:45 Who is Jimmy Song? 1:05 Who is David Woo? 1:33 What is the world reserve currency? 5:54 Why might the dollar lose its reserve currency status? 9:25 Does bitcoin satisfy the criteria needed to become a reserve currency? 12:00 How did the dollar become the world reserve currency? 14:40 How does the dollar hang on to its reserve currency status? 18:50 Why is the US so wealthy? 22:08 Could governments kill Bitcoin if they wanted to? 25:09 Can Bitcoin survive efforts by authorities to suppress it? 30:00 What are growth stocks? 34:39 Will regulation kill Bitcoin? 37:24 Is Bitcoin already regulated? 38:00 What impact will CBDCs have on Bitcoin? 44:50 How Bitcoin is not understood by the financial old guard 46:15 Is Bitcoin a joke?