Bitcoin is positively a hold money for the altcoins yet but it is not going to occur to fiat, even in future! Bitcoin isn't composed that approach to wind up a save cash and our current centralized system would not enable this to happen. Fiat has a different economy and we should consider cryptos as a parallel economy framework which will control its own kingdom.
Topic: Will Bitcoin become the reserve currency of the world? - page 33. (Read 50449 times)
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?
i think it's 50:50
maybe yes maybe no
bitcoin has the value to transfer money anywhere
but to become a reserve currency of the world i think bitcoin can't
because bitcoin is not scalable
i can't imagine people all over the world having to queue for transaction confirmation
7 to 16 transactions per second are not enough for worldwide adoption
It is quite impossible for it to become a reserve currency because of the market manipulation which can easily be done by any of the sharks and the volatile market situation. However, if governments step in and try to regulate Bitcoin properly it may become stable at a point and then it will have a chance.
it could be, as a backup to conduct transactions in various countries, when there is inflation or deflation in the country. bitcoin will be an alternative for transactions, because inflation and deflation do not affect the price of bitcoin.
Bitcoin will definitely become the reserve currency of the world in some few years to come. Bitcoin is so far the safest currency for transaction of goods and services. The only problem bitcoin is facing right now is its market value. People are more concern about its price. I believe bitcoin will be having a stable price very very soon..
Becoming a world currency that's a huge one. There are certain factors to be considered before flagging off a currency. The Government can't flag off what they don't have control over it. Now bitcoin is decentralized but cannot be traced. Don't get me wrong, your transactions are visible but a name and a face is not attached to it. So chances of using it for fraud are on the high side and if that cannot be controlled then it can't become the world currency. But widespread adoption is going to happen because it solves the need of remittance.
That's certainly true, mate. However, that doesn't stop Bitcoin from becoming an extremely popular cryptocurrency in the future. Perhaps, Bitcoin will retain its status as the reserve cryptocurrency of cryptocurrencies for years to come. I believe that for a world currency to become successful, it needs to be highly regulated and controlled by governments worldwide. Only then, a single & unified currency, will bring transparency to any transaction made around the world via the use of a distributed ledger.
It could be the US Dollar as it is today, or simply another currency backed by the government will take over. The most important thing is that Bitcoin is independent from any central authority or government, making it a global currency for anyone to enjoy.
The only possibility that exists for Bitcoin to become the reserve currency of the world, is that if the same becomes completely centralized and controlled by governments worldwide. Only then, Bitcoin can be easily regulated and tracked, reducing illegal activity on the same. Nevertheless, it's not bad to dream of a world backed by a reserve cryptocurrency someday. Just my thoughts
I doubt it, although there is a chance, because no one thought that it would cost $ 20,000 and everyone would know about it, it's all possible!
Some cryptocurrency can be used as a world reserve because there is a need to change existing situation. It should be understood that now many bitcoins are owned by a few people. That's why no state will agree to use it as a reserve, because most of the bitcoins are controlled by unknown people.
Bitcoin is indeed the reserve currency of the hidden currency. But bitcoin will not become the world's reserve currency. We all know that Bitcoin is being adopted by more people and industries, but Bitcoin is very unstable and is necessary as a reserve currency.
Bitcoin is one of the major crypto currency with the strong net work systems .It has the specific features which are enables to the global investors to attract bitcoin for their various usage.Bitcoin is revolutionized the global economy in various aspects such as a good media for the transactions, as an investment tool, good for the day trading,, for the on line shopping, also suitable for the service bill payments etc. Due to its wide usage it become a reserve currency for the global usage.
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?
Definitely NO, I agree that bitcoin is now a widely used crypto currency, but this doesn't mean that it will become the reserve currency of the world. There are possibilities that btc will become the reserve currency in crypto market, but in real market bitcoin can never take the place of USD. Moreover Bitcoin is completely decentralised, thatswhy it can never become the reserve currency of the world. 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?
No, it can't be possible to become a reserve currency because it is unable to gain the acceptance to the government but it can be a alternative currency.
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?
I guess being accepted by some countries, we can assume that cryptocurrency will be part of currency circulating the market in the future. Well I guess it won't replace USD since it is the main currency being use already. It will be hard for bitcoin to overtake USD. Though maybe bitcoin will at least compete with the USD. As of now, I believe Bitcoin is only accepted in fewer but known countries and so it should focus first to be acknowledge worlwide.
Bitcoin is already a reserve currency! But only for the Altocain ... But the reserve world volition, I think, does not become bitcoin until all the world's governments will accept it, and this will most likely never happen.
Becoming a world currency that's a huge one. There are certain factors to be considered before flagging off a currency. The Government can't flag off what they don't have control over it. Now bitcoin is decentralized but cannot be traced. Don't get me wrong, your transactions are visible but a name and a face is not attached to it. So chances of using it for fraud are on the high side and if that cannot be controlled then it can't become the world currency. But widespread adoption is going to happen because it solves the need of remittance.
I don't see it so reasons been that bitcoin is a decentralized currency
To become a reserve currency of the world, it need an approval of the majority of the countries and global financial institutions and businesses. Bitcoin is not yet majority accepted as one of the legal currencies so it is not possible for the leading cryptocurrency to become a global reserve currency. It is more likely to continue to use as an alternative currency because it is designed that way. The volatile nature of bitcoin will also prevent countries from using it as a reserve currency because it is not a stable form of currency.
No, in my opinion I think no. Because if we want it to become the reserve that it's price could not have a big fluctuation in a short time.
I think Bitcoin just can be a reserve for another coins which I think become a secondary currency of the world
I think Bitcoin just can be a reserve for another coins which I think become a secondary currency of the world
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?
Since bitcoin is not determined with the government's right now I think that everything is possible, even the fact that bitcoin is still young and is already having so much opportunities around here with us. 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?
No, it is not possible because it doesn't still get the acceptance of the government of all the countries and on the other hand some country still ban it so it is not possible.
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