Topic: Will Bitcoin become the reserve currency of the world? - page 19. (Read 50449 times)
Crypto holders and many traders and investors want that to happen but it is a difficult target for bitcoin in the current situation when media and major parties are against trying to eliminate bitcoin from the world to become a reserve currency is very difficult but it doesn't mean that bitcoin will not used and it will be as an important asset and a currency in the future but to become a reserve currency there should be a radical change happen in the future politics
Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
There are specific users who use bitcoin at the moment and they do that because bitcoin fit with there need and users have understood that bitcoin is more usable to do such jobs that most fiat currencies are failed to do so i think those are the people will be using bitcoin in the future so even bitcoin won't become the reserve currency it will have a place in the world with certain users and it might have a great demand
At present, one can not draw such conclusions and talk about such a currency. Now bitcoin is on the way to becoming, as is the crypto-currency market with which it is closely interconnected. Bitcoin needs to do a great job for his legalization, so we'll wait and see what happens next.
For now, I don't think bitcoin can become the reserve currency of the world not untill it's been accepted by the whole. Sanctions here and there won't make it and propel it to where we wanted it to be as the world reserved currency.
I think the opportunity for bitcoin is made as a reserve for the world's currency is still open because with the rapid development of technology systems, surely someone starts trying to invest bitcoin and makes its existence more popular various all over the world.
the popularity of bitcoin is amazing. but bitcoin is not to replace fiat money, bitcoin is still not perfect compared to fiat money, bitcoin often experiences price movements. now we better use this incredible bitcoin technology to make a profit.
all possible possibilities for bitcoin will become the world's reserve currency, because bitcoin if it's legalized in all countries, bitcoin can be used as a legitimate payment system without having to change to local currency
According to me, bitcoin will not be the world's reserve currency, but Bitcoin or cryptocurrency will be the world's alternative currency. because we can send it anywhere without obstacles and without distress.
We should mainly target bitcoin to become the alternative currency than pushing it to become the reserve currency because we are not in a world that anyone or any country will allow a decentralized currency to take over everything that they have build for centuries but as an alternative currency world will accept bitcoin as an important asset because it can use to do transactions that other fiat cannot
I think that bitcoin is not to destroy the Fiat currency and Vice versa will improve them ! I also believe that bitcoin in the future will be accepted all over the world and the uniqueness of this is that for example in the US I accept only dollars and bitcoin will be accepted by visa and it will not need to be converted !
No, bitcoin will not become a reserve currency, as some countries will not accept it, the world currency account may be, and will be, as some countries want to give up the dollar,
No,it will not be reserve currency.Mostky countries are banning crypto currency.So it will be used by btc community not by government.
That is true because most governments are against cryptocurrencies and there concept technology because blockchain technology is an advanced technology which doesn't allow any one to interrupt to its processes and that is the main reason no once can stop or trace transactions that are done using the blockchain network so it is very rarely that governments will allow bitcoin to become the reserve currency but if bitcoin can gain the political favor it can easily become the worlds reserve currency
I do not believe that bitcoin will become a reserve currency in the world. The currencies used for transactions in interbank and international payments are centralized and strictly controlled, which is all that bitcoin is not by its very nature.
Bitcoin is and will be an alternative currency, and in order to be adopted more, it is necessary to redefine the world economy, and there is a lot of resistance.
Bitcoin is and will be an alternative currency, and in order to be adopted more, it is necessary to redefine the world economy, and there is a lot of resistance.
Agree on the point of centralization. Whether we want this or not, centralization required for good and timely decision-making and governance. That's hardly possible with btc, as opposite views result in forks and takes some value of btc.
Not any experts but looking at the nature and volatility of bitcoins, it isn't suppose to be helpful for the banks to adopt bitcoin as reserve currency, they have less control over production, volatility like fiat does locally, bitcoin for me suppose to be a exchange medium public to worldwide, yet secure with anonymity which ordinary people couldn't access to, banks had wired transaction but businesses already but its just abit more expensive than cryptocurrency, but crypto needs more adoptions
That's certainly true, mate. If a currency cannot be controlled, then it's hard to say that it will become a reserve currency of the world. Bitcoin being a highly popular cryptocurrency is still behind Fiat by a long shot, due to its volatility and regulatory uncertainty. A reserve currency needs to be stable, but at the same time, centralized backed by a trusted authority. In this case, the USD is the reserve currency of the world and it has been doing good for a very long time.
Still though, what could happen in the future is that Bitcoin and Fiat live alongside each other within the mainstream world. USD might remain as the world's reserve currency, while BTC will remain as the reserve currency of crypto land. In many ways, Bitcoin has already won as a viable alternative against Fiat.
Nonetheless, the only way for Bitcoin to become the reserve currency of the world is if it becomes centralized. Other than that, the USD will continue to dominate our world for a very long time. Just my thoughts
Well yeah it could be possible but there could be more.than bitcoin as a reserved currency and that is the propertynl listed in you. This is consider as asset and it is a good idea to have an asset so that one day if there are emergencie's need to be areange and has difficulty with money then bitcoin or the property asset could be the source for the medication.
Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
As for me, bitcoin is quite too far from being the reserve currency of the world but it would be the best digital currency that we could ever have. We are actually using it as a currency and it's being used to transact faster and more convenient so I think it could go beyond being just a reserved currency in the future.
But the trend is going there already, soon or later they wil follow this path. For this time may be it still can't but how about 10 years later, we will never know right? And many of them already adopt bitcoin like crazy. What I heard of is some of the country already trying to adopt the blockchain tech into their life. So I can say for the current time may be it is not bitcoin time yet but soon it will be reserved
I don't think that bitcoin become the reserve currency of the world in future. If will Bitcoin become the reserve currency then some major problem create through this. Online huge market influenced by btc if btc become reserve currency then this huge market fall down because at this situation most of the online site don't easily accept btc.
...what are those major problems that will be created if Bitcoin will going to be a reserve currency?..as much as i know,,it will be more convenient and easy to use if Bitcoin will become legalize and accepted by many people,,though it will not really replpace fiat currency but instead it will going to help people to easily access digital currency and make faster transactions with regards to paying bills or buying and shopping online..though Bitcoin price,,it will not be easy for many to accept Bitcoin as mode of payment..
Not any experts but looking at the nature and volatility of bitcoins, it isn't suppose to be helpful for the banks to adopt bitcoin as reserve currency, they have less control over production, volatility like fiat does locally, bitcoin for me suppose to be a exchange medium public to worldwide, yet secure with anonymity which ordinary people couldn't access to, banks had wired transaction but businesses already but its just abit more expensive than cryptocurrency, but crypto needs more adoptions
if in my opinion. actually bitcoin is very good for us to make it as a reserve currency for the world. if you look at a country that has received bitcoin as a currency. it is very good. like studying employees with bitcoin
yeah it gives a lot of people choices for spending, and of course it will be much more fun, you can use bitcoin or fiat, as you like. bitcoin will be like that in the future, we know fiat will never disappear and bitcoin will be another option for fiat, when many other people are bored with fiat.
if in my opinion. actually bitcoin is very good for us to make it as a reserve currency for the world. if you look at a country that has received bitcoin as a currency. it is very good. like studying employees with bitcoin
yeah it gives a lot of people choices for spending, and of course it will be much more fun, you can use bitcoin or fiat, as you like. bitcoin will be like that in the future, we know fiat will never disappear and bitcoin will be another option for fiat, when many other people are bored with fiat. That can be said yes, it's all because we will face a different era in the future. I think the use of digital currencies is a must. the future will definitely be more sophisticated and everything will definitely be digital, just as books at this time have started towards the digital era. let alone a very complex financial system, digitalization is an answer to being able to make transactions far more flexible in the future.
That's certainly true, mate. We're all transitioning towards a completely digital era, at a slow pace. Which means, that eventually Bitcoin will dominate our very lives as the world adapts to it. Once this happens, then Bitcoin will stand alongside digital Fiat for many generations. Of course, we cannot deny that it's virtually impossible for Bitcoin to become the reserve currency of the world because of many obvious reasons. But what Bitcoin can become is an alternative to Fiat where people can decide their financial future.
Nonetheless, Bitcoin is the reserve currency of the whole crypto market instead of the world. This all means that Bitcoin has already won as a popular alternative to Fiat that will last for many years to come. Just my thoughts
Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not?
As for me, bitcoin is quite too far from being the reserve currency of the world but it would be the best digital currency that we could ever have. We are actually using it as a currency and it's being used to transact faster and more convenient so I think it could go beyond being just a reserved currency in the future.
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