There were already influencers and some users on the internet saying about BTC becoming a world reserve currency. If I remember correctly Max Keiser also believes it.
But renowned Caitlin Long also believes Bitcoin will global money and she is not afraid in expressing it, here is a link https://bitcoinmagazine.com/culture/caitlin-long-interview-on-bitcoin-banking-integration
It's going to be good for the price of BTC but it may not be good for local people who had not owned BTC their entire life. Sad to see the only coins that are cheapest for them to invest are meme coins.
Topic: Would Bitcoin become The General Currency in the Future? - page 5. (Read 592 times)
If you're asking if there's a chance — then theoretically of course there is. It's just the question of will governments allow it to be a dominant currency of their respective countries.
I support this one where Bitcoin does have a chance but in my own opinion, the chance is low as of now because some countries banned the use of cryptocurrency but there's a country that legalized the use of Bitcoin. Op, if you think that the chance of Bitcoin becoming the general currency is high in the future but we don't know when that would be. Not because El Salvador supported the use of Bitcoin doesn't mean it will become the general currency because of what I just explained and if you did a research about the countries that banned from crypto and countries that doesn't ban crypto then you will know. The only thing I can say is the same as the quote above. 
If you're asking if there's a chance — then theoretically of course there is. It's just the question of will governments allow it to be a dominant currency of their respective countries.
Although this question might have been asked a couple of times here on the forum I would suggest you search on it to read other people’s view. As for me my opinion is same as the other replies up. Bitcoin was create to be an alternative and can’t be general currency. Although it has all the features that would solve the problems faced by traditional currencies the issue of volatility is still a concern for some people to accept it as general currency most especially the Arabs that see this a gambling thing. The government also has shown in all aspect that they are against something that they can’t have authority on and the anonymity associated with bitcoin will certainly make it add for them to get their ways like the fiat currency.
Also in the past there have never been a central or general currency, the only one that came close was the dollars and with the way USA is using it get more political power so will others want there currency to be.
Also in the past there have never been a central or general currency, the only one that came close was the dollars and with the way USA is using it get more political power so will others want there currency to be.
Is there a tendency that it would become the generally used currency worldwide?
I don't know how others view it, but I don't think it will ever be. No matter the amount of adoption that Bitcoin will gain, I don't think it will ever be enough for it to gain such acceptance. There will always be one or two governments that are against it and, as such, won't want to accept it as their international payment option. So I guess it's a big no. This is just like asking if Bitcoin is going to replace a country's world currency, which I recently elaborated on in a recent thread.
According to evolution of money, trade was first done with the barter system, then it evolved to commodity money using Gold and it's kind,then into metal coins then paper money, later transactions where done with plastic cards, before it's evolved into electronic money and now crypto currency.
With Bitcoin being the leading crypto currency is there a tendency that it would become the general currency worldwide?
We all know that Bitcoin is the leading cryptocurrency, but bitcoin wasn’t created to become the general cryptocurrency world wide, that’s not the purpose why bitcoin was created. Bitcoin was created to serve as an alternative currency. Government won’t want bitcoin to become the general currency world wide, what do you want them to do with fiat currency which they are in control of? they can easily manipulate fiat, they can easily print more money and send to circulation, and they can easily print more fiat currency and divert it to their own personal account. But when it comes to bitcoin it’s having a fixed total supply and the government can’t control it, so am sure the government will do everything possible to stop bitcoin from beginning a general currency and that was not even Satoshi’s plan. With Bitcoin being the leading crypto currency is there a tendency that it would become the general currency worldwide?
According to evolution of money, trade was first done with the barter system, then it evolved to commodity money using Gold and it's kind,then into metal coins then paper money, later transactions where done with plastic cards, before it's evolved into electronic money and now crypto currency.
About years ago El Salvador became the first country to adopt Bitcoin as a legal tender and there are speculations that other countries would also adopt it in the nearest future now my question is, with bitcoin being the leading crypto currency is there a tendency that it would become the generally used currency worldwide?
About years ago El Salvador became the first country to adopt Bitcoin as a legal tender and there are speculations that other countries would also adopt it in the nearest future now my question is, with bitcoin being the leading crypto currency is there a tendency that it would become the generally used currency worldwide?
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