Will Cryptocurrency be a Global Currency in the Future? - page 5.

mk4

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Quote from: Bitstar_coin on October 16, 2021, 12:49:26 PM

There is a probability that maybe btc could be a global currency in the future, from the level of widespread adoption and acceptance it is easy to presume such things can happen, let's not forget the growing popularity in cryptocurrency and btc is the main head, so if there is going to be a global digital currency in the future, no doubt it will be btc.

I mean, it already is a global currency though. Just because it's not officially recognized by all governments as an "official" currency, doesn't change the fact that it's technically a currency accessible by people globally.

Blowon

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That will be the biggest challenge of bitcoin. Everyone expects bitcoin to be the digital currency of the future. But it's not easy bitcoin also gets a lot of regulation from the government. But it will definitely work in the future. We have a lot of support communities.

freedomgo

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Quote from: 7788bitcoin on October 16, 2021, 06:25:25 PM

We are in a phase where we can call Bitcoin as a global currency. Cryptocurrency is a broader term and as long as there are users willing to trade the coin they will survive. If you are looking for countries legally accepting cryptocurrency as a legal tender then that is the only issue you will come across as majority of the countries will not let go of their control of their economy.

Bitcoin being a global currency in the future, no one can really tell. For now, i don't see possibilities that it will happen because majority of the country's government are still holding into their fiat and there's no way making it obsolete just because bitcoin's gonna take it place. Bitcoin may be more famous today because of its blockchain technology, but never will the government going to accept bitcoin as it only brings transparency, that any government won't definitely allow the public to know each transaction they make.

7788bitcoin

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We are in a phase where we can call Bitcoin as a global currency. Cryptocurrency is a broader term and as long as there are users willing to trade the coin they will survive. If you are looking for countries legally accepting cryptocurrency as a legal tender then that is the only issue you will come across as majority of the countries will not let go of their control of their economy.

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Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

Yes, It can be expected that cryptocurrency will be a Global currency in the future.

Let's just look at this forum, here in the forum there are people from several continents, so we can say that bitcoin is already used globally, this is already a good thing

Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

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.

each person has a different way of thinking, not all people will do well using bitcoin, some will lose money and give up using bitcoin

Baofeng

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Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

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.

It's more of a prime mover, BTC really open doors for crypto to be an alternative to fiat.

Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

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.

It will only become an alternative as I have said, but you really have to know how to take advantage of it, otherwise if won't work. What I mean is that you need to understand it, specially on how or where to store your crypto. Otherwise, you will be a victim of scams or fraud, so that the caveat here. Many people also thinks that crypto is a get rich quick scheme, which is not. And it's not like a magical bean that will make your reach.

So as far as it becoming global currency? Not sure, maybe it will, maybe the government won't allow it.

livingfree

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It's already serving as the father of all cryptos.

About being a global currency, it is already being used as one so we don't have to wait for the future for us to see it happen.

You can use it already for purchasing things with several methods as long as the merchants are good with it or there's a way to convert it as you purchase direct to them.

DoublerHunter

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Quote from: maju69 on October 16, 2021, 04:31:03 PM

There are always two sides to support for the future of crypto in the future, first the opposition who will always prevent it all from happening, then the CBDC which is certainly a reference when a country wants to enter digital money. so it is possible that only a few countries will definitely use Bitcoin as the main payment. Not far off as it is today. Except all countries really have other interests behind it all.

^ As the main payment?
Remember that there are too many currencies that can transact online and it could be cryptocurrency is one of the best alternatives to them. If we are talking about BTC, yes it could be but if we are talking it generally like cryptocurrencies including altcoin, theoretically, I must BE said no, just only for BTC.
However, if you don't mind BTC was now considered a global currency, it is widely used now in most different countries and I think we almost happen that BTC can be used worldwide in a different transaction online, but not as the main payment method.

maju69

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There are always two sides to support for the future of crypto in the future, first the opposition who will always prevent it all from happening, then the CBDC which is certainly a reference when a country wants to enter digital money. so it is possible that only a few countries will definitely use Bitcoin as the main payment. Not far off as it is today. Except all countries really have other interests behind it all.

Rana590

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Already people from all over the world are using crypto currency and they are getting the benefits of crypto. Day by day the users of crypto currency are increasing continuously. In this digital world, we have to use digital currency. Crypto currency is helping us in many ways and most of the people will accept it very soon.

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Quote from: Bitstar_coin on October 16, 2021, 12:49:26 PM

There is a probability that maybe btc could be a global currency in the future, from the level of widespread adoption and acceptance it is easy to presume such things can happen, let's not forget the growing popularity in cryptocurrency and btc is the main head, so if there is going to be a global digital currency in the future, no doubt it will be btc.

On the other hand, we do have hope that cryptocurrencies, especially in this case, Bitcoin can become a currency that will in the future become a global currency. But we also have aspects that hinder this hope. One of them is the government, can the government in each country accept it? without taxes, without any control over the ownership of each and without any profit? and if so, how about the system of the US, China and countries that are spearheading global finance? will they admit it?

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Bitcoin already is a global currency. It's just not the main currency, nor is it adopted everywhere yet. The idea that Bitcoin will win against other fiat currencies is imo just wet dreams of Bitcoiners, at least for now. There are just so few governments that would allow this to happen. Just think of how much control they'd lose over you. No powerful government wants that.

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Sort of, but i see it more as store of value, pointless to use for daily purchasing. There's a good reason why fiat currencies are inflationary, they wouldn't work with hard limited total supply. At least not with current capitalist system, it would just be impractical.

tulusikhlas

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Can't be certain whether it will actually become a world currency and be adopted by all countries as a means of payment to replace fiat. I think that as long as the government still has an obligation to take advantage and can provide a percentage for state treasury income, maybe it is possible. If all countries are bored and realize Inflation destroys everything. Cryptocurrencies are currently still unable to demonstrate that in the future it will actually be used globally. There is no support to reinforce something that hasn't happened yet.

The Cryptovator

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If you ask me overall cryptocurrency, then I'll say no. Overall cryptocurrency can't be a global currency. If you ask me about Bitcoin then yes, I can say Bitcoin would be and have the ability to be a global cryptocurrency. Because, to be honest, most of the altcoins do not have actual value. it is just for trading seems to me. There are no actual uses of altcoins and do not accept most of the spendable platforms. But if you compare Bitcoin, then it is the potential to become a global currency. We have been seeing a few countries accept Bitcoin as a legal tender, that is the way how Bitcoin would become a Global currency once a time. To me it is just a matter of time, let's see what is going on.

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Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

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.

Its deflationary
Its decentralised
No one country or government can control it

We will see digital currencies, Digital Dollar, Euro etc. these will be issued by
various countries who will have control of the supply, just like FIAT today. Bitcoin
does not offer any government the possibility to "print More" as they see fit,
just like the financial stimuli response to the effects of COVID-19 for example.

Bitstar_coin

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There is a probability that maybe btc could be a global currency in the future, from the level of widespread adoption and acceptance it is easy to presume such things can happen, let's not forget the growing popularity in cryptocurrency and btc is the main head, so if there is going to be a global digital currency in the future, no doubt it will be btc.

SquirrelJulietGarden

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Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

Yes, It can be expected that cryptocurrency will be a Global currency in the future.

Too general. Thousands of cryptocurrency and you can not say they all will become global currency. Only a several of them will survive and be used as settlement or payment methods. Global currency I don't expect any of them will become a global currency.

Bitcoin is more like a storage asset, not as currency.

Quote

The BTC will be the father coin and there will be a lot of sub coins.

Bitcoin and alternate coins or altcoins. Sub coins, I don't know it.

Quote

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 .

Not all. The old population will not prefer to adopt cryptocurrency. The young population will do and they will help cryptocurrency to be accepted and used more widely.

The elderly would like to read traditional newspaper but the young would like to read it on smart phone, computer.

lumierre

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Quote from: syedakhlaque on October 16, 2021, 10:10:26 AM

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.

I believe that cryptocurrencies and blockchain technologies will be wide-used in the future. In terms of the global currency, I would rather say that this place will take Ethereum as it is developing now as opposed to stuck Bitcoin. Bitcoin was the first currency, but it hasn't changes very significantly from 2008 and it has many drawbacks, so I think that it will be replaced by Ethereum.

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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. as adoption increases, crypto will be used in every country. so it is very likely that crypto will be used as a global payment in the future. but what kind of crypto will be used is still a mystery. stablecoins, privacy coins, or crypto coins like bitcoin, all are still sketchy depending on which countries will adopt them.

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