Topic: Can Bitcoin become a global currency ? (Read 1441 times)

Bitcoin cannot be used as a global currency. The currency standard must have a stable value, or there should be no price changes that exceed the previous price. If Bitcoin is used as a global currency, there will be inflation for certain currencies, because the exchange rate is too high.
In my opinion, Bitcoin can only be used as an important asset that can be stored by people, and can be exchanged back at a certain time. Bitcoin is like gold, pearls, or diamonds, which we can make as valuable jewelry.

Everyone knows that bitcoin is a digital currency, to become a global currency I think it is impossible for now because considering many countries have banned bitcoin, but for the future it is possible that bitcoin will become a digital currency because we can see bitcoin increasingly trusted for assets in the future.

When you look at cryptocurrency you will know that in future time inter currency will be come global currency because there is no nation that does not know about cryptocurrency that is why government is accounting cryptocurrency now because they know very well that in time coming it will dominate the world so I will not stand to say that cryptocurrency or especially Bitcoin will be a global currency because it's not often 30 years it is in existence if I am not mistaken bitcoin is 12 good years right now and it is doing well this way I believe that it will make her cuz you don't know future if there is any other digital currency that will come up

In this case we have the same view, because bitcoin which is digital money can actually have the opportunity to become global money, now we can't deny that the world is getting more modern and in the modern era convenience in something is an absolute necessity in life, I'm sure if in the future there is a large country that is quite influential such as China, Russia or the USA that approves the adoption of bitcoin, then other countries will automatically do the same so that in the end bitcoin will become an alternative world currency that unites us all.

Actually it could happen, it even seems to have happened, and there are many obstacles regarding whether or not bitcoin can become a global currency, firstly every country has laws that must be obeyed and again the government of each country, has a different concept of building a different country, not to mention the  blind to bitcoin, of course all people must know how to use it, and not carelessly, because the government doesn't want to take big risks, that's why bitcoin can't be a world currency..

Anyone can use Bitcoin or other crypto coins since the system in crypto enables freedom for every single person to engage/involve. Although in some countries using crypto as a currency for paying any services or tools is still prohibited, it can be changed in the future along with the development of Bitcoin/crypto adoption. Because crypto has many advantages and is suitable for the current digital era, I am also optimistic that there will be more and more countries to legalize Bitcoin/crypto for both as a digital asset and as a currency to pay anything. So, surely the massive progress on Bitcoin/crypto utilization seems very potential.

We are heading there since adoption and recognition do really increase day by day but people should be at least realistic whenever we do talk about on the matter of becoming a global currency which do people even claim that it could replace fiat?

With these words alone then you could really tell that it wont really be that possible considering a decentralized thing could really take over on what we've been using through ages.

Its not bad on being optimistic but we should really be that realistic as well and minding off on things which is likely to happen and which is not.

The best part, it is developed for everyone. There is no discrimination in usage that a person who have got good wealth only can use it or something like that. This is the power decentralised infrastructure. The growth and widespread have taken place just through the word of mouth and not by big advertisements.

In recent years more advertisements have popped as a result of revenue making by business connected with cryptocurrency. Already it is a global currency, but to get used as USD it takes time as very few countries have recognised it as legal tender.

For being decentralization of crypto currency, any one can use it from any corner of the world. Day by day crypto currency is spreading all over the world and people are getting advantages from it. When people get advantages, they care it for its growth. In upcoming years, uses of crypto currency will be growing rapidly.

I don't understand what you mean by Inter currency. What you have to consider at first place is the possibilities of every country using one currency. The possibility does not exist. Every country or every government will always protect her own currency. There is no way countries will abandone their own currencies to embrace bitcoin and also bitcoin was not created to be the world currency. It was created as an alternative. So I am not sure of bitcoin becoming global currency but I am sure that bitcoin will always be their for us when the government wants to rape us.

Bitcoin already have the features of being a global currency. Several good reasons can be tied of bitcoin being the currency of the future, but certain features like volatility keep bitcoin usage away. This makes bitcoin to be an asset than a currency. The increasing debt in US might give up US dollar as the global reserve. Even if such scenario happens it takes long time for bitcoin take the position of US dollar. In terms of acceptance it is possible to see more merchants considering bitcoin payments. These are small growth that can make big change further.

fiat has an infinite supply value while bitcoin has a finite supply of 21 millions, the more we experience growth over time with bitcoin adoption regardless of the situations around, this is what everyone is on a look for everywhere on the internet, bitcoin.


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sometimes what we see big comes down gradually while the ones of average begin to grow with steady development, time and chances place us with divers opportunity and this present era of digital world of bitcoin in cryptocurrency has been an illumination on every nooks and crannies of fiat downfalls, failures and challenges and with bitcoin, things can come into newness and turn a complete change.

So, in your opinion, places or countries where bitcoin has gotten the legal tender status are much safer for the average law-abiding person than countries where bitcoin is illegal or has no status whatsoever. In most cases, this reasoning is true and perfectly justified because when the government recognizes something as "right," people expect protection from the government when interacting with this "right" thing, whereas in places where bitcoin is not recognized, people often fall victims to different scams and dubious schemes without the hope to find justice. On the one hand, you feel protected from these scams, and more importantly, you can do business with other people and transact with them openly using bitcoin. On the other hand, money loves silence but the necessity to disclose the fact that you possess bitcoin kind of puts it in danger and makes it subject to confiscation in case the government changes its mind. And it certainly will one day, particularly when people's holdings in bitcoin exceed the government's reserves. People in less prosperous countries aren't forced to disclose financial information such as interactions with bitcoin. They learned the hard way how dangerous government can be when it is seeking money and power.

The use of digital money with several digital Fiat wallet applications covers almost all circles. I currently rarely even use physical money to buy my necessities and shop just do a barcode scan and it's done. However, the implementation of payments using bitcoin is still an obstacle, because the risk is still very high and some beginners and people who are new to bitcoin will still think about using it. Another problem is that the regulations that stipulate each region are different. this is an obstacle to bitcoin adoption, but we'll see in the future, it will gradually follow the good modern era so that bitcoin or crypto can be well received by anyone.

This is the time, even though the traditional use of money still exists today. But the use of digital money through various applications is something that has happened and is also developing at this time so some people who are still not familiar with such things have to start getting used to it and learn to use it so that their business can run very smoothly.
Because at this time shopping has become easier if everyone knows how to use money digitally and I am waiting for all countries to adopt Bitcoin so that Bitcoin can be used in all shopping.

Bitcoin doesn't need the government's approval to survive. Making Bitcoin legal tender would only increase mainstream adoption, as institutional investors and VCs join the game. But even if Bitcoin is "outlawed", it would still be possible to use it because of the way it was designed. Of course, one would need to be careful when deciding to get into the Bitcoin game in a country where it's been proclaimed as "illegal". If you get caught, you could easily face prosecution from the government (jail time, fines, etc.). To say the least, Bitcoin is NOT a currency adopted by governments worldwide, but it's a global currency because anyone can use it with an available Internet connection. I don't mind about Bitcoin becoming only an alternative than a replacement of the existing Fiat system, as long as it works as intended. Who knows if Bitcoin is still with us decades from now? Just my thoughts

Bitcoin is volatile in nature so it is difficult to become global currency. Yes, we know it is emerged over past decades and its key features of decentralization can made it global currency in future

Pardon my ignorance, but which countries besides El Salvador and perhaps the Central African Republic have come so far as to declare bitcoin a legal tender on their territories? And the follow-up question would be like this: Does bitcoin actually need the government's approval to become a widely-used currency? I mean those legal tender laws were designed to coercively impose on people fiat currency that naturally has terrible monetary characteristics because it is being printed up out of thin air, and therefore its supply gets continually expanding. In contrast to fiat currencies, the issuance of bitcoin is algorithmically determined, which means each participant on the market knows in advance what the actual supply will be, and they can make a thoughtful economic decision based on this knowledge. But what is more important in this case is that bitcoin value (or, to put it precisely, bitcoin price) is determined by the fundamental laws of the free market, namely supply and demand. There is no place for government coercion in such a market, all attempts to control attitude toward bitcoin via rules like legal tender laws only distort briefly economic reality, which in turn is trying constantly to come to an equilibrium where supply meets demand to clear the market. It is important to realize that a world where bitcoin is a globally accepted currency is also a world in which no one particular has control over the such currency. All attempts to "legalize" bitcoin via legal tender laws are nothing else but the government's approach to making people believe government can control bitcoin, while in reality, they only reconcile with the inevitable.

The use of Bitcoin has grown comparatively high. Because we can all guess one thing that in future Bitcoin will increase the widespread use of digital currency along with fiat money. Sending and receiving payments through Bitcoin is very easy which will reduce the hassle of using it all over the world. Although fiat money will have its uses, Bitcoin is going to be one of the big assets of people. Now a days people call it as a digital gold.

If we see the adoption of Bitcoin in last 15 years, i see a masive increase in Bitcoin adoption rate. Today many countries have already legalized Bitcoin as an legal tender. What more is that it is a international currency with foolproof security and anonymity. I think Bitcoin is ideal as a international currency.