Topic: Will Bitcoin become the reserve currency of the world? - page 35. (Read 50421 times)
It would totally defeat the purpose why bitcoin is made in the first place. Bitcoin is decentralized in nature and you're talking about centralization. This will never happen even in the future. Maybe there are other centralized crypto that can act as one but not bitcoin.
I think bitcoin right now need more attention to be a global currency and cannot be a reserved currency. It cannot replaced USD as a global currency since not all countries will never accept bitcoin as a form of currency for trade and transaction.
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 am not quite sure if it is a good thing to reserve bitcoin as a currency. If we are to imagine fiats to be mortal or could possibly reach its end wherein there is no other way to multiply it, so doe bitcoin. I really believe that fiat and bitcoin are better together than fiat or bitcoim alone.
It is going to globally accepted as a digital currency. But i don't think that it will be the reserve currency because it has volatile nature.
Yes.The fact that it is a decentralized currency and cannot be controlled by the government will always remain.I'm sure the centralized government won't allow that to happen knowing they won't have the full control over bitcoin.But maybe accepting bitcoin and legalized it as a currency will somehow be possible in the next years.
Bitcoin is very poorly used and is used as currency, money, means of payment. Basically it is used as a speculative means of accumulating value. If bitcoin poorly fulfills its the main function of digital money, can it be the reserve currency of the world? This is despite the fact that he still has a throughput of seven transactions per second, when new coins already have a scalability of one million transactions per second. Probably, this question you want to play a trick on the current deplorable bitcoin?
I dont think so, i think BITCOIN will the primary currency of this world for every country.
BTC is just receiving now some swag from different sector and country but soon they will just accept the fact that bitcoin is better for all.
BTC is just receiving now some swag from different sector and country but soon they will just accept the fact that bitcoin is better for all.
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 don't know if the bitcoin is become a reserve currency in the world because it is decentralized cryptocurrency. A reserve currency is a large quantity of currency maintained by central banks and other major financial institutions to prepare for investments, transactions and international debt obligations, or to influence their domestic exchange rate. A large percentage of commodities, such as gold and oil, are priced in the reserve currency, causing other countries to hold this currency to pay for these goods.
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?
yesIn actual I can say that we should keep ourself postive over this thing because we are free to do everything in this field with the help of bitcoin and another cryptourrency but still here we are not fully free to use everything .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?
Here you are right that bitcoin can take place of USD but don't think it in very easy way because it will not be easy for the people to adopt as a universal payment option , because this is bitcoin and it is banned by the government of few countries , so it is not easy for us to make payment with the bitcoin , on the another side USD is not banned anywhere , people are able to use PayPal money Easily in every country using PayPal .
So here it a probability that people will use more and more bitcoin , but it can't be reserve currency of the world at any condition .
But still there are lots of chances are that it will get easily popularity and people will get use as much as possible but not as a reserve currency .
a global payment facility, with blockchain 4.0 technology, I enjoyed it. The near future bitcoin will be used extensively for the entire human services use
As the usage of cryptocurrencies is only increasing, the actual impact of the US Dollar tends to decrease, In case if the implementation of Cryptos will be successful, then this surely will loosen the influence of W Sanctions and the chance to sanction the SWIFT in particular. The use of Blockchain decreases the time and expenses of a single transaction, without the need of using 3rd parties. And as Bitcoin has spread worldwide, offering to substitute the adopted system of dollar, in my opinion, it’s just matter of time.
The definition of reserve currency is - https://www.investopedia.com/terms/r/reservecurrency.asp
'A reserve currency is a large quantity of currency maintained by central banks and other major financial institutions to prepare for investments, transactions and international debt obligations, or to influence their domestic exchange rate. A large percentage of commodities, such as gold and oil, are priced in the reserve currency, causing other countries to hold this currency to pay for these goods.'
That being the case I struggle to believe it'll ever be held in large quantities by central banks. The idea of it being wielded to influence their own currencies would be too much to swallow. Financial institutions will be less bothered by the implications.
I think it'll become the reserve of choice for real people around the world. The barriers to obtaining and holding it are accessible to everyone with a bit of effort. It makes more sense to hold it than most piece of shit government currencies.
'A reserve currency is a large quantity of currency maintained by central banks and other major financial institutions to prepare for investments, transactions and international debt obligations, or to influence their domestic exchange rate. A large percentage of commodities, such as gold and oil, are priced in the reserve currency, causing other countries to hold this currency to pay for these goods.'
That being the case I struggle to believe it'll ever be held in large quantities by central banks. The idea of it being wielded to influence their own currencies would be too much to swallow. Financial institutions will be less bothered by the implications.
I think it'll become the reserve of choice for real people around the world. The barriers to obtaining and holding it are accessible to everyone with a bit of effort. It makes more sense to hold it than most piece of shit government currencies.
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?
First of all (b)Bitcoin is NOT a widely used cryptocurrency.(/b) Second, why would Bitcoin take USD place?
Bitcoin, as it behaves now it might become a store of value...digital gold as they say. But nothing is certain, people could easily migrate to another digital currency...which they have.
I think your highlighted statement here are wrong, And Bitcoin is a majority when it comes to mass adoption and we can say that it is the first and only Cryptocurrency that are widely use from different exchange sites, And online wallets, And among all Cryptocurrency they will sure need bitcoin as a base for other coins price,
And lastly taking into consideration that bitcoin can done anything, In my opinion Bitcoin can pose a treat to fiat currency that is why the government and some banks are against it, I really think there is a possibility they can do it, and replacing fiat money, I really think in the near future it can happen.
Given past precedents, the USD should collapse in our lifetime (unless you are like 70 years old I guess) and we should see it within a decade or two.
The USD has already had a good long run and it's now on discount time. I don't believe the USD is any different from former attempts, it will not magically last another 100 years... it must burst and it will burst one way or another. It is then that the elites will have to decide if they want to enter another fiat clusterfuck or they want a neutral global asset class like BTC, and I believe BTC will be it, which will make BTC worth $1,000,000 each if you still want to value it in USD (due the debt default which is funnily enough around $21 trillion just like the total amount of 21 million BTC.
Bitcoin is global. It could be worth $213,000 without necessarily replacing the US money supply, so no problem about that.
The USD has already had a good long run and it's now on discount time. I don't believe the USD is any different from former attempts, it will not magically last another 100 years... it must burst and it will burst one way or another. It is then that the elites will have to decide if they want to enter another fiat clusterfuck or they want a neutral global asset class like BTC, and I believe BTC will be it, which will make BTC worth $1,000,000 each if you still want to value it in USD (due the debt default which is funnily enough around $21 trillion just like the total amount of 21 million BTC.
It's gonna stay marginal (at some level). At worst it could be used as virtual money for a video game (I don't remember the name: second life ?) At best it will remain a virtual currency used by geeks or by those looking to hide their funds (taxes evasion or other reasons) or on the darknet. that said, (besides that bitcoin needs to have a minimum value of $213,000 to hit to replace the US money supply)
Bitcoin is global. It could be worth $213,000 without necessarily replacing the US money supply, so no problem about that.
I think it is quite impossible for bitcoin to become the reserve currency but i'm very much sure that it will become the alternative currency of this 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?
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?
First of all Bitcoin is NOT a widely used cryptocurrency. Second, why would Bitcoin take USD place?
Bitcoin, as it behaves now it might become a store of value...digital gold as they say. But nothing is certain, people could easily migrate to another digital currency...which they have.
No,it will not be reserve currency.Mostky countries are banning crypto currency.So it will be used by btc community not by government.
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?
bitcoin has become a reserve currency for altcoins and cryptocurrency, but I don't think bitcoin can ever be a reserve currency for the world. Because bitcoin itself has a fluctuating nature where prices always change very quickly. If bitcoin can replace fiat currency I think the country will have difficulty managing its finances or if that doesn't happen maybe the bitcoin price will be difficult to predict again. 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?
In a world we’re politics is controlling the financial system and reserve currency is doomed from its real purpose, but for power. Bitcoin won’t and will not be a currency for such corrupt and unworthy reason. That’s beyond said, any currency made to be on that position has been used badly. USD is in and won’t be replaced in a decade from now, but the possibility of change is big since China’s Yuan is competitive.
It's gonna stay marginal (at some level). At worst it could be used as virtual money for a video game (I don't remember the name: second life ?) At best it will remain a virtual currency used by geeks or by those looking to hide their funds (taxes evasion or other reasons) or on the darknet. that said, (besides that bitcoin needs to have a minimum value of $213,000 to hit to replace the US money supply)
I think bitcoin may not become a reserve currency of the world at this current time but perhaps in the near future where bitcoin is already under mass adaptation globally, then it may have a chance that it will be considered soon. Bitcoin is a growing currency and the leader of all cryptocurrencies will become the most valuable currency in the world where many people would wanted to have their own.
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