Topic: Will Cryptocurrency be a Global Currency in the Future? (Read 613 times)
It won’t be a surprise to see cryptocurrency as a mode of payment for global currency after El Salvador made Bitcoin legal. This indicates that countries are already accepting cryptocurrency, and giant corporations are planning to make it a mode of payment for easy online transactions.
It might happen in spite of the fact that afterward not all nations will utilize bitcoin as a lawful implies of installment but for created nations I think will utilize crypto money as a lawful implies of installment within the future, but for creating nations this must be considered since there are still many individuals who don't get it how to utilize computerized money, they must too be able to control state incomes to be more maximal within the future, and as of now numerous state governments are learning approximately the utilize of crypto so that it can be utilized lawfully and not hurt the nation.
No need to wait for the future. Nowadays, many people use cryptocurrency to buy something. Many types of digital currencies that can be used now to transact globally including cryptocurrencies but not to replace main payments.
People should really be thinking this way that there's no way that crypto could able replace fiat payments or system yet as long government does exist thenits really impossible to happen.
Crypto could remain and become popular but it wont really become mainstream on coming into the point that it would replace fiat
on general sense.
For now we are seeing that it does have potential but we shouldnt anticipate or hope that much.
No need to wait for the future. Nowadays, many people use cryptocurrency to buy something. Many types of digital currencies that can be used now to transact globally including cryptocurrencies but not to replace main payments.
In a way, it is already a global currency and has been accepted by people around the world. I believe, there will be more and more countries that will recognise crypto as official way of payment so we are looking for even bigger adoption in the future.
The only question is, how far will some countries go in term of banning crypto.
The only question is, how far will some countries go in term of banning crypto.
Yeah I would argue that bitcoin is already a global currency. I am not saying that it's perfected yet, or that everyone around the globe is using it, but shit not every around the globe is using any currency all together period. I guess the US dollar is the most widely used and accepted, but there's still plenty of places that don't accept it. Of course bitcoin needs to continue block speed, but that will come in time IMO.
The question was whether cryptocurrency will be a global currency. I am not sure if OP was specifically referring to Bitcoin, but anyway. I am on par with Hayek's theory in that there will be many small currencies privately issued competing with each other. Now what other architecture than decentralized blockchains could make that competition even possible? None? In order for that competition to happen, everyone needs to have equal access (permissionless, neutral) to the tools to launch their own cryptocurrency I think that is the situation we are currently in and the overall crypto-ecosystem will keep thriving. Cryptocurrencies as a whole will build a currency system that dominates any other form of currency in my opinion.
Becoming a global currency is not easy. all countries and people should be able to accept it well, while currently not all countries and not everyone know about crypto. Even though crypto is getting more and more famous from year to year but I don't think that can be the reason for crypto to become a global currency. it would be better if at this time we took advantage of the crypto we have well so that we too can profit from it.
Well, I simply don't think it for now. In fact, we can really see that only a few people had made use of their Bitcoin as a mode of payment as the majority consider this as a form of investment. Perhaps, we know most about Bitcoin and cryptocurrency for being a profitable investment, not in a form of currency where we can make use of it. Until it was not being accepted globally and banning still exists that can be impossible.
I don't lose my hope because I want it also but can't push the situation.
Becoming a global currency is not easy. all countries and people should be able to accept it well, while currently not all countries and not everyone know about crypto. Even though crypto is getting more and more famous from year to year but I don't think that can be the reason for crypto to become a global currency. it would be better if at this time we took advantage of the crypto we have well so that we too can profit from it.
With high volatility, it could still become a global currency but not the type of currency that is widely used for daily transactions. As of now, the majority of cryptocurrencies are viewed as an asset or investment because people expect to gain profit when they buy it with fiat.
Also, government regulation is very vital, if some country does not regulate bitcoin, then most likely it will only be limited for use in some countries.
One major country has already banned bitcoin, and that is China, with billions of population, they are a big loss on the adoption of crypto.
Also, government regulation is very vital, if some country does not regulate bitcoin, then most likely it will only be limited for use in some countries.
One major country has already banned bitcoin, and that is China, with billions of population, they are a big loss on the adoption of crypto.
Bitcoin has a big advantage over other cryptocurrencies and even fiat currencies such as the US dollar or the euro, as it protects against inflation over time. Unlike other currencies, the supply of bitcoin tokens is limited. Therefore, its popularity and price will only increase over.
I am pessimistic about this that the cryptocurrency will be a global thing in the nearest future because of the improvement in the world of technology and economic issues
As for me, this time is already very close. Even now, distribution has already gained quite a noticeable turnover.
what time is very near? do you know about cryptocurrencies that will become global money and what distribution are you talking about?Becoming a Global currency is not easy, because cryptocurrencies have pros and cons as well as very fast price fluctuations. Of course it will take a lot of research to be done.
Whether or not cryptocurrency is a global currency will be determined by decisions in every government. Only a few accept bitcoins in full. and other governments only accept it as a commodity asset.
Yes, It can be expected that cryptocurrency will be a Global currency in the future.
The BTC will be the father coin and there will be a lot of sub coins.
Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.
The BTC will be the father coin and there will be a lot of sub coins.
Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.
Well, isn't Bitcoin a Global currency already? I mean, Borders pose no challenges whatsoever; Governments can't do much against it as it is accepted everywhere in the world including in countries that have criminalised its use such as China. Why shouldn't we consider Bitcoin as a Global Currency?
Yes, It can be expected that cryptocurrency will be a Global currency in the future.
The BTC will be the father coin and there will be a lot of sub coins.
Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.
To be global currency not only can be done with famous or known by a lot of people or anything like that. But simple to use and maybe adoption from any kind of society, from rich to poor, from modern to traditional people, it still can be done with fiat. Will need really long time and maybe small chance to happen for crypto to be global currency. Maybe digital fiat will be used first. The BTC will be the father coin and there will be a lot of sub coins.
Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.
Yes, It can be expected that cryptocurrency will be a Global currency in the future.
The BTC will be the father coin and there will be a lot of sub coins.
Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
That depends on what you mean by being a global currency. If by saying a global currency, you mean that every country around the world is going to declare Bitcoin a legal tender, then I don’t really think that’s going to happen. As for me I don’t really see the need for Bitcoin being declared a legal tender in all the countries before we can start seeing it as a global currency.The BTC will be the father coin and there will be a lot of sub coins.
Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
As long as people can have access to this currency from anywhere they are around the world, and you are also able to send and receive money from any corner of the world, then Bitcoin has been a global currency from the start. There are no restrictions that are attached to making use of Bitcoin, no matter who you are and where you are from, you’re always free to have access to it. that’s what I call a global currency.
There is a probability that maybe Bitcoin could be a global currency in the future. As long as adoption goes in a positive direction, it can happen. And, the rate of crypto adoption every year continues to increase, this could be the reason for crypto being used as a global payment. From the level of widespread adoption and acceptance it is easy to presume such things can happen. Cryptocurrency and Bitcoin is already growing, so if there is going to be a global digital currency in the future, no doubt it will be Bitcoin. Maybe there's a lot of issues on it but still BTC overcome those issues and still continue to be unique among other currencies.
I confirm this theory, maybe many cryptocurrencies will die along the way, bitcoin will hardly fall due to its structure, probably has all the credentials (or almost) to become a global currency, it will be difficult for the various governments to tax the btc in the right and balanced way , we'll see what happens .. stay tuned
There is a probability that maybe Bitcoin could be a global currency in the future. As long as adoption goes in a positive direction, it can happen. And, the rate of crypto adoption every year continues to increase, this could be the reason for crypto being used as a global payment. From the level of widespread adoption and acceptance it is easy to presume such things can happen. Cryptocurrency and Bitcoin is already growing, so if there is going to be a global digital currency in the future, no doubt it will be Bitcoin. Maybe there's a lot of issues on it but still BTC overcome those issues and still continue to be unique among other currencies.
I confirm this theory, maybe many cryptocurrencies will die along the way, bitcoin will hardly fall due to its structure, probably has all the credentials (or almost) to become a global currency, it will be difficult for the various governments to tax the btc in the right and balanced way , we'll see what happens .. stay tuned
There is a probability that maybe Bitcoin could be a global currency in the future. As long as adoption goes in a positive direction, it can happen. And, the rate of crypto adoption every year continues to increase, this could be the reason for crypto being used as a global payment. From the level of widespread adoption and acceptance it is easy to presume such things can happen. Cryptocurrency and Bitcoin is already growing, so if there is going to be a global digital currency in the future, no doubt it will be Bitcoin. Maybe there's a lot of issues on it but still BTC overcome those issues and still continue to be unique among other currencies.
As for me, this time is already very close. Even now, distribution has already gained quite a noticeable turnover.
Yeah I would argue that bitcoin is already a global currency. I am not saying that it's perfected yet, or that everyone around the globe is using it, but shit not every around the globe is using any currency all together period. I guess the US dollar is the most widely used and accepted, but there's still plenty of places that don't accept it. Of course bitcoin needs to continue block speed, but that will come in time IMO.
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