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Topic: Will Bitcoin become the reserve currency of the world? - page 3. (Read 50449 times)

member
Activity: 303
Merit: 12
maybe it will also happen because there are already many people in the world using it and also still some countries that still disagree with bitcoin in that they think it is not in accordance with their currency.
full member
Activity: 668
Merit: 100
DogData
I do not see Bitcoin as the reserve currency of the world because it has a limit and will be too expensive to be used for that. The main reason for the creation of Bitcoin and altcoins is to be alternative to fiat currencies.

although I personally believe that bitcoin will grow back, but indeed I am also not convinced that bitcoin is a reserve currency in the world. because bitcoin is a digital currency, and the amount is also limited. it becomes difficult if used by many people.
brand new
Activity: 0
Merit: 0
i think  bitcoin will become alternative currency.
full member
Activity: 344
Merit: 107
unless strong and stable countries start accepting Bitcoin as a legal currency, Bitcoin will remain as the alternative or people's favorite crypto. Bitcoin can be used as a Reserve if all the countries officially recognize it as a "Currency".
Bitcoin is not considered a reserved currency in officially bitcoin legal countries. They accepted it to making regulation but this is not treated reserve currency. Bitcoin Legal or Illegal countries crypro is useful currency just different is some countries it's not legalization.
newbie
Activity: 25
Merit: 0
I think not because bitcoin is not widely used in the world. moreover, people can create another million digital currencies at which the price of bitcoin will drop to almost zero
newbie
Activity: 81
Merit: 0
It is far away to become reserve currency. It is open to speculations and manipulations. Who knows what will happen and it is possible to bitcoin as a reserve currency.
You're right, that bitcoin is not a reserve money. For me, bitcoin is global money that is used digitally, so transactions between countries are very easy and fast. Bitcoin is also very likely speculation because of several factors, such as the number that is limited to only 21 million BTC or the bitcoin owner is anonymous.
full member
Activity: 644
Merit: 102
I do not see Bitcoin as the reserve currency of the world because it has a limit and will be too expensive to be used for that. The main reason for the creation of Bitcoin and altcoins is to be alternative to fiat currencies.
member
Activity: 597
Merit: 10
Bitcoin is a very good alternative currency it is very essential for the digital crypto market, in fact, Bitcoin is very popular among the users because it can use for payment to some extent and it is decentralized. To be honest in my point of view bitcoin will not be the reserve currency of the world but it will be increasing its operation area.
member
Activity: 392
Merit: 10
Bitcoin is sure to become the world's storage currency! Bitcoin is not only technically valuable, but more economically philosophical!
Bitcoin is a true freedom, and the people have the power to choose money for the first time!
jr. member
Activity: 462
Merit: 1
I think Bitcoin will not replace dollars on the world market, because dollars exist for too long and take first place in popularity among currencies for a reason. However, Bitcoin may become more popular around the world and will be used much more often than now.
newbie
Activity: 23
Merit: 0
Certainly, there are some benefits of cryptocurrencies, especially Bitcoin, that already made it quite popular and it develops very fast. We all understand that it will soon become one of the main currencies  or at least will play the very important role
member
Activity: 700
Merit: 10
I don't think Bitcoin will be able to replace USD. USD is indirectly supporting bitcoin and bitcoin is just means to bridge the financial gaps in the world financial sysytem

I am agree, I am believe bitcoin can not replace US Dollar. Beside that, its hard for bitcoin become world reserve because its decentralized and no one authorities handling bitcoin.  I am believe US Dollar will continue the domination in the world because its big bussiness and its about controlling the world
sr. member
Activity: 494
Merit: 250
It is far away to become reserve currency. It is open to speculations and manipulations. Who knows what will happen and it is possible to bitcoin as a reserve currency.
newbie
Activity: 20
Merit: 0
This is possible because of its potential, but much effort is required to overcome the constraints that make them limited by government.
member
Activity: 150
Merit: 10
I don't think Bitcoin will be able to replace USD. USD is indirectly supporting bitcoin and bitcoin is just means to bridge the financial gaps in the world financial sysytem
jr. member
Activity: 280
Merit: 1
That is the possibility that bitcoin become the reserve currency of the world, if ever the governments accepts and adopt this kind of technology, then it will be good and it is possible , through the acceptance of all parties involve makes bitcoin the chance to be the accepted currency.
member
Activity: 392
Merit: 10
I think that btc will become the reserve currency of the world or maybe it will become even the main currency instead of the currency we have at the moment.
member
Activity: 140
Merit: 15
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I think bitcoin will be not become reserve currency of the world, but will be never bitcoin have reserve be a original and unque. Bitcoin is good for buying on black markets, to buy random things.
member
Activity: 514
Merit: 10
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Absolutely yes, the small bitcoin we see today we shall see it no more, bitcoin is bigger than what we actually think (Think Blockchain tec)

Whether or not Bitcoin is beneficial will depend on how humans develop it in the future because with the developments that will occur make Bitcoin better in the future.
full member
Activity: 353
Merit: 100
It seems impossible but I would not be surprised if this happened because 17 March 2010 its price was $ 0.008 to $ 0.08. And its users also was a very low amount if we think now its users and its demand are too much.
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