Jay Sawyer of Glenview, IL who follows electronic currency has some interesting insights to share on whether or not he feels the dollar will be replaced by some form of electronic currency. Talking about Bitcoin, in particular, he thinks that it will likely replace gold as a global monetary reserve asset sometime after 2024 and probably not later than 2032.

While Jay Sawyer of Glenview, IL also thinks that there is a reasonably good chance of Bitcoin displacing the dollar as the world’s de facto monetary reserve asset of preference, he also feels that Bitcoin is not designed to be a volume transactional currency. He notes that the block size of the actual Bitcoin (not the core impostor) will never be increased over 1MB as immutability is one of the major attributes of its reliability as a trustless (aka trust-proof) store-of-value. The alternative of using social consensus and democracy (to mutate Bitcoin) would destroy everything as it always does.

About Jay Sawyer

Jay Sawyer is a long-time philanthropist who is associated with several noble causes. He is an animals’ rights activist, environmentalist, and an advocate for world peace too. A lover of nature and wildlife, Jay strives hard to inform and educate the masses about the causes that drive him. He is quite determined about making a long-lasting impact on the society.

As far as his personal life is concerned, Jay is a skilled tennis and pickleball player. He takes great pride in introducing himself as the biggest Chicago bear fan who attended more than 10 games in the year 1972 and every single game in the year 1985.