It's possible. As it gets more popular, people are most likely to adopt it. The world is evolving, and crypto could be the currency of the future.
Yeah it can be the global currency because the world is turning towards cryptocurrency and bitcoin is the king of cryptocurrency. Many people use bitcoin in this day all over the world. It is quite possible that in the future all the world will use bitcoin for their daily needs. But it will take time because many people still do not believe in cryptocurrency.
Topic: Bitcoin cannot be a global currency - page 51. (Read 5119 times)
I agree with you on. Bitcoin will be more and more popular in the world, but not all countries will accept Btc and other crypto types. The more we realize the possibilities that Btc and blockchain technology carry. If the rules for this kind of technology are well organized, I believe prices will rise even higher.
Even if bitcoin cannot be a global currency by overtaking the whole fiat currency, it can certainly remain as a great medium of exchange for a wide variety of things all over the world in future.
Only time can tell when will be the Bitcoin is used all over the world with no limit, it may not use on small stores and sidewalk vendors, but I believe every big business establishment will be accepting Bitcoin in every transaction as possible.
Bitcoin is a digital cryptocurrency.It is currency that exists in the network only.Which has stirred the world today.It can be a global currency.For some countries,this coin is illegal.But I think this currency will be legal in all countries.And in that the coin will play a significant role in world trade.
Yes it can't never been global currency since everyone operating different currency.
Looking in what sense to understand the phrase "global currency". If it means that bitcoin will be massively used by the population in all countries and so it will be applied globally, then yes. this will happen. If you mean. that bitcoin will replace other types of currencies and will be massively used in trade international agreements, it is unlikely. At the international level, the use of bitcoin will be hampered by its greater volatility. Price instability is the main obstacle to its use in settlements between states.
It still will. Those who banned crypto in their country will catch up once they realize that bitcoin is dominating the financing institutions in many parts of the world. It's just like any other tech that should be used by many people first until other follow next.
We cannot say that for now, I believe bitcoin is capable of becoming a global currency because of its degree of adaptation. As we can see now a days many people in different countries are now engaged in bitcoin. They are earning money through it. So for me it is not impossible for bitcoin to become a global currency.
It still will. Those who banned crypto in their country will catch up once they realize that bitcoin is dominating the financing institutions in many parts of the world. It's just like any other tech that should be used by many people first until other follow next.
We cannot say that for now, I believe bitcoin is capable of becoming a global currency because of its degree of adaptation. As we can see now a days many people in different countries are now engaged in bitcoin. They are earning money through it. So for me it is not impossible for bitcoin to become a global currency.
It still will. Those who banned crypto in their country will catch up once they realize that bitcoin is dominating the financing institutions in many parts of the world. It's just like any other tech that should be used by many people first until other follow next.
We cannot say that for now, I believe bitcoin is capable of becoming a global currency because of its degree of adaptation. As we can see now a days many people in different countries are now engaged in bitcoin. They are earning money through it. So for me it is not impossible for bitcoin to become a global currency.
It still will. Those who banned crypto in their country will catch up once they realize that bitcoin is dominating the financing institutions in many parts of the world. It's just like any other tech that should be used by many people first until other follow next.
In fact bitcoin is already a global currency because the bitcoin users are present throughout the world. we see bitcoin users throughout the world. It is a fact that even those countries who have consider bitcoin as illegal they will also turn bitcoin as legal currency because bitcoin is the need of the day and all the people will very soon start using bitcoin. 
I believe that a time may come when bitcoin (or some other alt coin) will become a global currency. Popularity of fiat will slowly disappear. Who knows poverty might disappear too.
No one would have ever thought of this thing that bitcoin will have this much of the market value and that bitcoin will have this much of the fame and popularity as it has now. So, we can expect anything to happen in this world especially when it comes to that of the bitcoin. There are likely chances of this thing to happen and that if this thing ever happens, then this will surely help the people in much better way.And here I am 100% sure that in the coming years of 10 year bitcoin will be a option for everyone to accept as a payment from one country to another country legally without any restriction ( even today we have no restrictions but still few regulations and rules are not in favour to Ake transaction from one country to another country without taxation ) .
This is a controversial issue, because not all countries want to legalize it, because it will undermine the financial system that has existed for centuries. But I hope that bitcoin will become the world currency!!!
Usually, when the whole world rejects and does not understand some system or product, after a couple of years it rises to the skies!
This is a controversial issue, because not all countries want to legalize it, because it will undermine the financial system that has existed for centuries. But I hope that bitcoin will become the world currency!!!
I believe that a time may come when bitcoin (or some other alt coin) will become a global currency. Popularity of fiat will slowly disappear. Who knows poverty might disappear too.
No one would have ever thought of this thing that bitcoin will have this much of the market value and that bitcoin will have this much of the fame and popularity as it has now. So, we can expect anything to happen in this world especially when it comes to that of the bitcoin. There are likely chances of this thing to happen and that if this thing ever happens, then this will surely help the people in much better way.
It still will. Those who banned crypto in their country will catch up once they realize that bitcoin is dominating the financing institutions in many parts of the world. It's just like any other tech that should be used by many people first until other follow next.
I think the humanity is not ready yet to Bitcoin as global currency. More than that a lot of people in our world still don't know what is it
One huge step step to start becoming as global currency for Bitcoing is acceptance be people and mostly by Governments i think.
This is difficult to perform and I am sure that it will take a lot of years, but for me there is no doubt that it is possible. But is this necessary?
It will. NASA then Amazon are now entering blockchain. Those are huge names and they have a lot of money. It would be stupid for someone to not accept that bitcoin will dominate all the currencies.
Even with all these big institutions entering the blockchain industry, I do not see how that would make bitcoin to become the only single currency used worldwide. Firstly, most of the points mentioned by the OP obviously show how monopoly is already present in the system and of course, even without that, I do not expect any country to even get rid of fiat in the first place for bitcoin.Nevertheless, I know there is still a huge way for bitcoin to go but I wonder how things would pan out before then will be deciding how effectively bitcoin may become a global currency. Unlike gold or USD, bitcoin will become a everybody's global currency. I mean we may directly use bitcoins for international transactions and local transactions as well.
Jump to: