[Prediction]Will bitcoin become global currency in next 20 years?

xbossJ

jr. member

Activity: 278

Merit: 5

Invest and play

In the next 20 years a cryptocurrency would become a global currency but we do not know if it would be $Bitcoin, I can not rule out that fact that $Bitcoin is unpredicatable when it comes to becoming a global currency! It has already shown that its a major player (Number 1) in the blockchain tech drive. As pioneer it has over the years weathered the worst of storms, But to become a global currency many adjustments have to be made on the code! But if after mining of all remaining 3+ million coins can happen before then and it switches to full POS then we shouldn't have anything to worry about! Because transaction speeds would have increased immensely and usage too, then we can hold it in higher esteem as global currency!

disappear4ever

newbie

Activity: 98

Merit: 0

Quote from: hero1111 on October 24, 2018, 08:34:37 AM

Will bitcoin become global currency in next 20 years?
Yes I think it is possible Bitcoin will be like dollars and euros and it means Bitcoin will be legal money as euro and dollar and people will use it in every country and future bank system will work with bitcoin and other currencies.

It will be a satisfying result we would like to see, looking forward to it.

btccointalk

member

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Merit: 20

20 years is a very long time and it is difficult to predict. But, It will be really great if bitcoin become the global currency.

maxamus

sr. member

Activity: 833

Merit: 267

Quote from: akungagal on October 24, 2018, 07:58:41 PM

Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

-snip-
(5) How long it will take to see the bitcoin price skyrocket to $1M

i or maybe some other experts can't guess when it's time,
but i'm sure if more people want bitcoin, the bitcoin price will reach $ 1M faster.

i really hope that happens in the next few months. Wink

we can predict but it cannot be sure that bitcoin can be replaced as global currency. More no of countries started accepting and using digital currencies but there are few countries in which Bitcoin /digital currency is still banned, for digital currency there is no authoritative control so this bitcoin may or may not become global currency.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: Dexion on October 24, 2018, 10:21:55 AM

I'm interested in point number 2, and in my opinion, 20 years is a very long time and it's enough to make Bitcoin as a global currency.

in every country, many people adopt bitcoin, including in some countries that ban bitcoin.

They are taking their moves step by step and for sure it will always bring impact to this industry, from each countries start to realize the benefits of adopting this system demands will follow, 20 years might be enough to say that bitcoin will reach most of the countries around the world, and will have a large usage from each countries that will start catering the payment process with blockchain system.

akungagal

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send and receive money instantly, with no hidden c

Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

-snip-
(5) How long it will take to see the bitcoin price skyrocket to $1M

i or maybe some other experts can't guess when it's time,
but i'm sure if more people want bitcoin, the bitcoin price will reach $ 1M faster.

i really hope that happens in the next few months. Wink

disappear4ever

newbie

Activity: 98

Merit: 0

Quote from: Herbys on October 24, 2018, 03:17:17 AM

Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing - at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

I think that the task of Bitcoin was to show an alternative to the current financial system.

When a global currency is introduced, it will not be distributed to individuals.

"I'm sure that in 20 years there will either be very large transaction volume or no volume."
Satoshi Nakamoto

Thanks for quote from Satoshi, that is really inspiring. But let's assume one scenario that when bitcoin is getting stable (maybe in 10-20 years) & transaction is fast & cheap, like the gold in old times, no need to convert into all kinds of fiat around the world, why not consumers use it for daily life?

Dexion

full member

Activity: 812

Merit: 101

I'm interested in point number 2, and in my opinion, 20 years is a very long time and it's enough to make Bitcoin as a global currency.

in every country, many people adopt bitcoin, including in some countries that ban bitcoin.

izanagi narukami

legendary

Activity: 2030

Merit: 1028

For now, it's impossible to happen because currency and investment are completely different tool.
You're just asking whenever gold able to be the global currency in the future ?
Yes, gold is difficult to divide but crypto are similiar like fiat so who knows it will happen the future but I guarantee not for next 1 or 5 years ahead !

tytanhamon04

jr. member

Activity: 210

Merit: 1

A nexgen decentralized ride hailing

I think not ! People are used to traditional currencies and until the generation of people is replaced bitcoin will not become a global currency but will pay on a level m it will be quite real even before !

tonlong

sr. member

Activity: 726

Merit: 250

We are seeing the impact of Bitcoin on all life activities of countries around the world is very large.It is gradually accepted in many countries along with the rapid development of Blockchain technology to the industry. So we humans will accept and use it as a global currency for the next 20 years.

rhenrhen

member

Activity: 336

Merit: 10

There is a great possibility if people will continue to patronize it and if there will be a lot of teams who will make additional development on crypto. Also, if there will be more systematized KYC procedure for every platform. No doubt bitcoin will dominate the world's currency.

mmo_online_1981

sr. member

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I can not predict a great deal of time, but in the next few years, altcoin will grow stronger! Market will recover

MMS2017

full member

Activity: 546

Merit: 100

In the coming year bitcoin will be more strengthen and i am sure that it will make a place in the world monetary values and all the financial system of the world will be ready to accept this so it can be said that it will be global currency in the coming years and, Crypto is a very big market and it is the best way now to make online trade and shop things from different countries through crypto.

ganlianshifu1

member

Activity: 392

Merit: 10

The development of BTC has been opposed by many countries, and only a small number of countries have identified BTC as legal tender!
Bitcoin will not become a universal currency, but will become one of the terminators of the universal currency.

hero1111

hero member

Activity: 1582

Merit: 520

Will bitcoin become global currency in next 20 years?
Yes I think it is possible Bitcoin will be like dollars and euros and it means Bitcoin will be legal money as euro and dollar and people will use it in every country and future bank system will work with bitcoin and other currencies.

disappear4ever

newbie

Activity: 98

Merit: 0

Quote from: bitfocus on October 24, 2018, 06:00:25 AM

I am answering the question number 2 - BTC being global currency in next 20 years. Well, BTC is already a global P2P decentralized currency and huge number of people are in Bitcoin. If you mean being adopted and legalize by governments around the globe, well, I see slim chances of happening that.

Yes, I mean adopted & legalized. If you think there is a small possibility, what will the crypto world look like in around 10-20 years?

- Ethereum or EOS will dominate the crypto world as most of the adoptions are from their ecosystem?
- Bitcoin will be marginalized or disappear as it is just a coin without ecosystem?
- Still no universe global currency as biggest countries combine their fiat with blockchain technology?
- Decentralized still a beautiful dream for all the people who devote themselves into blockchain because of it?
- Centralization & decentralization both move to the middle point & there is no people to use decentralization any more?

It will be great if you can describe a big picture in 10-20 years for us, let's wait & see

Hartmas

full member

Activity: 378

Merit: 100

Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing - at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

Hundreds of computers were infected with a new malware called "Pony". The virus is mainly aimed at stealing cryptocurrencies, in particular bitcoin, from the victims ' hard drives.

Sultanar484

copper member

Activity: 232

Merit: 10

Yes, Bitcoin have been falling since last january of this year. Bitcoin is already a global currency but its usages will increase after 2 or 3 years from now. Though Bitcoin is limited to 21 Millions, it's supply will not increase but demand will increase.

bitfocus

member

Activity: 532

Merit: 15

I am answering the question number 2 - BTC being global currency in next 20 years. Well, BTC is already a global P2P decentralized currency and huge number of people are in Bitcoin. If you mean being adopted and legalize by governments around the globe, well, I see slim chances of happening that.

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