How would society change if Bitcoin became the global reserve currency?

Imagine a fictional world where Bitcoin has replaced traditional fiat currencies as the global reserve currency. What kind of changes do you expect in global finance, politics and everyday life? What will be the reaction of the Governments losing control over monetary policy. What'd be the consequence? More or less economic stability?

Can we see a shift towards individuals and decentralised networks? On a personal level, how can it change the way we work, earn, and invest? Would wages be paid in Bitcoin, and will we see widespread adoption for everyday transactions like buying groceries, coffee and paying rent? What do you think the world looks like under a Bitcoin-dominated financial system?