Exploring Bitcoin's Threats in Monetary Policy

Fiscal and monetary responsibility pose the greatest threat to Bitcoin's adoption and value. While a return to a gold standard by governments could challenge Bitcoin, it is unlikely to eradicate its relevance, as Bitcoin is perceived as a superior form of money compared to gold. Even under a well-managed gold standard, Bitcoin's advantages—particularly its controlled supply growth—would allow it to maintain a competitive edge. The first-mover advantage of gold is insufficient to overshadow Bitcoin’s distinct benefits, ensuring that it remains a viable alternative regardless of governmental monetary practices.