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Topic: Can Bitcoin become the universal currency of the world? What is the reason? - page 5. (Read 1855 times)

legendary
Activity: 3262
Merit: 3675
Top Crypto Casino
Why do you equate legalization with globalization?
jr. member
Activity: 266
Merit: 1
In my opinion, to achieve this process, you have to go through a lot, and most importantly a test of time. Now this segment is not stable and causes many doubts. Bitcoin is not legal in many countries of the world and does not work with governments. First you need to start cooperating, and then discuss global perspectives.
full member
Activity: 733
Merit: 100
maybe in the future if bitcoin can be legalized it can be a universal currency, but I am more agreeing to bitcoin for online sales transactions if done for universal transactions can shift the position of money in a country. maybe it depends on government policies that exist to use bitcoin as one of the best uses.
full member
Activity: 759
Merit: 105
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
I think it won't happen because it does require such exchanging of information in each and every country to agree such plans but like what i have said. It won't happen and if there will be a chance then i guess the chances are very slim and it will get ignored by the government eventually.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
I think its very hard and impossible for bitcoin become global currency like US Dollar. Bitcoin is decentralized and no authorities can control and to talk to. But it could be global currency in internet
It seems to me that bitcoin becoming the currency of the internet is a more achievable goal and one that we should consider on achieving first before trying to make bitcoin something that it is not, we know that the giant in online payments is paypal and bitcoin needs to surpass it so until payments with bitcoin are more common than payments with paypal then that means that bitcoin still has a long way to go, fortunately there is a lot of room for bitcoin to grow and we are not even close to the limit bitcoin can reach in the next years when it comes to transactions over the internet.
full member
Activity: 868
Merit: 100
Proof-of-Stake Blockchain Network
The reason is very high potential coin and good investment for taking a investment plans.
Bitcoin is already know of all crypto investors and traders also this coin is very unique for me and good name for me also 'Bitcoin' as known as the most valuable cryptocurrency.
hero member
Activity: 910
Merit: 500
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

Yes. Others say Bitcoin is the new Currency.. The reason why? It's very efficient, easy to use and even a kid can earn bitcoin! Additionally, Modern techonologies are rising. Even companies started using Cryptocurrency as an option for payment. This is a Guaranteed YES.
brand new
Activity: 0
Merit: 0
Their is certainly potentials in bitcoin for being it the universal currency. But before that it needs mass acceptence and need to develop in time and also it has a best chance of being co-existining with fiat and not replacing it.
member
Activity: 644
Merit: 10
COVIR.IO
I think its very hard and impossible for bitcoin become global currency like US Dollar. Bitcoin is decentralized and no authorities can control and to talk to. But it could be global currency in internet
brand new
Activity: 0
Merit: 0
Bitcoin could become the universal currency. The sheer value is enough to justify it. It will require many reforms for it to become mainstream and universally accepted.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
It seems this is a desire of many, but we need to try to be realistic about bitcoin, a transaction with bitcoin simply takes too long at the moment while a transaction with cash only takes a few seconds, cash does not need anything except the other party to accept the cash you are carrying but with bitcoin you need a lot more than that, you need to have a device capable of sending bitcoin transactions and the other party needs a way to accept those payments as well.

Even if bitcoin became extremely popular there will be many places where it will be impossible to pay with bitcoin and you will still need to use fiat, so unless someone finds a way around that we will still need other forms of payment.
newbie
Activity: 37
Merit: 0
To become a global currency stability is much needed. Bitcoin market is highly volatile and it's not going to change anytime soon. Only time will tell what lies ahead oof us.
newbie
Activity: 37
Merit: 0
Worldwide acceptance and legalisation of bitcoin is what we always dream of but bitcoin is never going to replace fiat currency. You wont find any government who would simply just throw away fiat currency and the regulation that oversees nation's economy
sr. member
Activity: 685
Merit: 250
Bitcoin can't be the universal currency. One reason is its recognition issue set by countries in the world. Some countries do not recognize bitcoin thinking that its decentralized technology will be a problem especially in monitoring and identifying illegal transactions. It's really hard to tell. Just like today that some say "bitcoin is the money of the criminal".

Another reason is its volatility that is also connected to being decentralized. We're having a hard time to determine if there's price manipulation or not. The anonymity of the transactions has been good and bad for bitcoin.
full member
Activity: 546
Merit: 100
Bitcoin is already very close to being a universal currency right now. The next step is important for us. That is, a globally accepted currency. When this happens, we may not see the current Bitcoin price again.
jr. member
Activity: 294
Merit: 1
Bitcoin has every tendency of becoming the world universal currency in future if only bitcoin is regulated and taxed by government. Government won't adopt it as a universal currency until there is government interest and regulation.
full member
Activity: 506
Merit: 101
1 & 0 😏
This may be possible, but if we match this with today's paper money, we can see that it's not appropriate. Just think that all of the world's money is USD and there is no trade or anything. Money trading is the most money circulating place today and think that this is not in our economy.  Huh
full member
Activity: 317
Merit: 110
Bitcoin is already a global currency thanks to Bitcoin being the largest globaly distributed decentralized network of the most powerful computers in the world.

We are just in the early adoption phase.

Fiat currencies are in trouble and rely heavily on warmongering governments to support it.

I think people around the world are sick  and tired of the near constant past 100 years of war.

100 years of war largely thanks to the Federal Reserve and the USD.

The jig is up,
legendary
Activity: 1424
Merit: 1008
I am going to give a big reason why bitcoin is going to be a our universal currency in future, because it is a eco friendly currency and we can send any where in the world with any issues and more.
sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
Bitcoin is already universal cryptocurrency. Because bitcoin use all over the world and so many fields. Bitcoin is a border less and no need to go third party. Bitcoin use blockchain system its also another reason.
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