Bitcoin as a Global Reserve Currency: Evaluating Challenges, Technological Approaches, and Future Viability

Patel, Rishabh Sanjaybhai (2025) Bitcoin as a Global Reserve Currency: Evaluating Challenges, Technological Approaches, and Future Viability. Masters thesis, Dublin, National College of Ireland.

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Abstract

Bitcoin's emergence has initiated a paradigm shift in the global financial landscape, sparking debate about its feasibility as a global reserve currency. This research critically evaluates whether Bitcoin can address key limitations volatility, scalability, and regulatory uncertainty to fulfil the functions of a traditional reserve asset. The study employs a mixed-methods approach, integrating quantitative data analysis with qualitative policy reviews, to analyze macroeconomic, technological, and institutional adoption factors. Recent developments such as the Lightning Network, Bitcoin ETFs, and regulatory frameworks like the EU's Markets in Crypto-Assets (MiCA) legislation are examined for their potential to enhance Bitcoin's viability. By conducting empirical testing and scenario modeling, this research aims to assess Bitcoin's long-term feasibility and offer actionable insights for central banks, financial institutions, and policymakers navigating the rapidly evolving landscape of digital finance.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Byrne, Brian UNSPECIFIED
Uncontrolled Keywords:	Bitcoin; Reserve Currency; Volatility; Regulation; FinTech; Blockchain; Institutional Adoption
Subjects:	Q Science > QA Mathematics > Computer software > Computer Security > Database security > Blockchains (Databases) T Technology > T Technology (General) > Information Technology > Computer software > Computer Security > Database security > Blockchains (Databases) Z Bibliography. Library Science. Information Resources > ZA Information resources > ZA4050 Electronic information resources > Databases > Distributed databases > Blockchains (Databases) H Social Sciences > HG Finance > Money > Digital currency > Cryptocurrencies H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Ciara O'Brien
Date Deposited:	20 Aug 2026 11:35
Last Modified:	20 Aug 2026 11:35
URI:	https://norma.ncirl.ie/id/eprint/9579

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