It has a chance of completely absorbing all the finances in the world, the only problem is, it is pretty unstable or so volatile, do you think people will accept them if they are like that?
Nope, not even the slightest chance to be a nation's currency. Governments like an inflationary fiat that they can control the supply to control their economy. Bitcoin doesn't have that, and that reason alone is very crucial for bitcoin in becoming one nation's currency
Also if merchants will be accepting these digital currency, will they ensure the their selves their profits? No, because as I said, it is really volatile.
If these merchants would be patient enough to hold the coins, the profit would be high compared to what they'll have from their merchandise, however they need to use the money to keep the business going, so yes, bitcoin isn't very appealing to merchants atm.
In recent years, Bitcoin has earned huge credibility and acceptability whole around the world by providing huge value of its platform. That's why people are getting involved with this system and day by day it's becoming a profitable and popular across the world. It is easily predict that, Bitcoin will shine more than before and it will last long time as we expect...
The best that bitcoin can be is being the main currency in underground trading markets and not standing as a nation's currency. No matter how positive the public reception would be, it's still up to the government to approve it as an official currency.
