Bitcoin Forum

I ask this because of the corona virus where people are too scared to hold money.

The issue is that we value btc against the usd and other fiat currencies. If fiat currencies were no longer how would bitcoin be valued...inflation etc? Can't get my head around how it would work.

Think about it this way, currency is valued from other assers.
The kilo of bananas you want to buy costs $1 and that's the only reason the dollar has value, because you can use it to buy stuff.... That same kilo of bananas in the UK is 90p... The comparison between fiat currencies to other fiat currencies isn't a new thing by any means.

The idea bitcoin isn't the same is because the banks and rich people thst haven't bought in want you to think that's why it isn't a real currency or could never be one because it keeps being compared to other currencies.

If this didn't happen with other currencies, forex will be in trouble. The issue with bitcoin atm is that it can't scale to the size of fiat yet... But it might be a matter of time until it can.

Nope. Definitely not ready yet for a main currency. Could work well as a hedge though.

Also, I think people are afraid to hold physical cash due to the fear of it being contaminated, not fiat money in general. People could still transact freely through banks and through services like PayPal/Venmo/Cash App without risking their health.

I think the bitcoin is not ready enough for adaptation of using this for making transaction all over the world because it takes a lot of data and information before it uses for the world transaction I think for now it just use for a secondary source of use of income because it is very volatile and it is quite risky to the people who will use this to make a payment there is a chance the value of it decreases but if we are talking about world fastest and secured transaction there is a chance it will use because the people are still not convinced about the use of cryptocurrency and the bitcoin there are a lot of doubts about that it is better we going to introduce the use of it first before use for a good transaction.

For now it is not yet ready even if there are outbreak out there that are currently spreading globally because we still have plenty of hurdles that we need to solve before bitcoin or digital asset will replace fiat successfully. First, we still need to solve the problems on how the remote areas can still use the bitcoin without electricity and how they can get the necessary item in order to transact bitcoin.

Aside from that, bitcoin still need to upgrade especially it's fees and transaction speed and once it will be solve then it's up to the government on how they will introduce it slowly to their people. That is the time that we will be ready.

Is Bitcoin ready to become the number 1 currency of the world? Nope. With Bitcoin's blockchain processing around only 7 transactions per second, the world would go slower. The world is big and business transactions are happening in bulk every second day in and day out. 7 TPS simply cannot accommodate everything in the world's commerce.

If fiat currencies are no longer existing and Bitcoin is the primary world currency, I guess the prices of goods and services would be in terms of Bitcoin. It is not a question how Bitcoin would be valued without the USD and other fiat currencies because Bitcoin itself is a currency. It has its own value system. We have the BTC and the Satoshi for amounts lower than 1 BTC. And we have 8 decimals per BTC. We can always make use of it in giving value to goods and services.

Not just yet. Right now it moved from being a currency to being a commodity and that means we are not currently ready for globally accepted. It is as accepted as gold, everyone around the world knows what gold is and they would all love to have it aside as an investment if they could afford it and honestly bitcoin is kind of like that.

The whole world got to know what bitcoin is in 2017, I was here before 2013 so I can tell you with ease that not many people knew what bitcoin was in 2013 and now everyone knows about it so we moved a long way in these years but at the same time it became like gold where everyone would want it but not everyone can afford it and you do not go to a shop and pay with it. However over time I am sure it will become more spendable currency.

It just can't right now but the valuation will depend on its own quantity like per satoshi decimals if the world is in bitcoin already or what has been agreed by the majority. Imagine that all of us have bitcoin and most transactions are in bitcoin but it can't happen for now.

You don't have to worry and bother yourself thinking about that. This will come gradually in timely manner.

Bitcoin is ready to be the worldwide currency, but unfortunately, not all countries will agree with that. That is because they cannot control the money flow from bitcoin, and they don't know what the purposes of every transaction that is made in the blockchain are. They need something that they can control and know, so maybe the government is not ready by doing that. But we don't know what will happen in the future as the government can change their mind to use bitcoin as their currency.

Thanks for the great responses.

Let's speak hypothetically if Bitcoin was ready and governments decided to adopt it as the main currency and dropped all fiat currencies. (I know not going to happen). In this case how would it be valued?  Would inflation be an issue? Obviously with no other fiat currency to compare value against  how would you determine how many satoshi a banana is worth?

Psh, how silly are they to get afraid of using money while they are still touching keyboards, cellphones, doorknobs etc ::). Anyway, I understand them tho but I guess it's okay to go this way. At least it will favor on the side of cryptocurrency. If this is the only way we can achieve massive adoption then why not.

It ain't silly. Fiat money circulates. We don't know from what or where that money came from, it is even said to be the dirtiest thing in the world money. So I think it is just fine to be scared about holding money this day especially in this time where coronavirus is kicking in.

I somewhat disagree with this, bitcoin still needs more development and support to be a worldwide currency this is my dream to one day that bitcoin will be a major currency but it is still seemingly impossible up to this date.

Bitcoin can really help you to store the value of assets you are holding at these kind of crisis situation but still bitcoin is not accepted in most part of the world you may find hard time on spending it as crypto as well.If the fiat money loses its value due to corona out break in the near future the value of bitcoin will certainly climb up more and more.

Then it would probably valued against gold in that case if all fiat currencies would be dropped(theoretically). As for inflation, since bitcoin's distribution is predictable and stable, I don't think there would be sort of "sudden inflation" events and such, assuming that the government doesn't do something like create IOUs like they did with gold in the past.

One thing's for sure, the markets will decide. Just like with crypto exchange order books, the price difference between buyers and sellers will go smaller and smaller until we sort of find the "stable price" of what a banana is worth. It just wouldn't happen in an instant.

But what would the market be (pair) if no fiat? If Bitcoin was used solely and no fiat currency the other currencies would take a back seat and bitcoin wouldnt be traded against them for mainstream users. Are you saying the market maybe against gold and other commodities such as oil?

I don't think the fear of holding physical money is a global phenomenon, as I'm not seeing it in my country.  I'm assuming that's what you're referring to, the germaphobia and fear that there's some corona virus hiding out on your coins or bills.  That's a possibility, but most people buy stuff with their debit/credit cards or phones anyway.

Anyway, bitcoin is a long way away from being the world reserve currency.  It is a global one, but it's always been more of an investment than a form of money that people actually use.  I don't see that changing anytime soon, either.

It's necessary and will be a big help. Bitcoin is ready yet most countries aren't ready to accept and adopt it. People still need to have enough knowledge about its usage and risks because of its volatility. We could see it as a remedy and as one of the ways to get rid of coronavirus but people will still choose to use fiat despite the fear of being infected through it. Bitcoin still needs to go through a lot of acceptance and adoption before it becomes an international currency.

If it happens like your analogy, then we can judge bitcoin against gold. So gold is used as a standard benchmark for the value of all goods, like before the fiat money period, where when a country wants to print money, there must be a gold guarantee. Gold is used as a reference in determining the value of the currency in force in a country.

It will be the sort of "main" pair. Instead of comparing bitcoin to x, x will be compared to bitcoin. Just how most things are priced at USD right now, things will be priced in BTC instead(most definitely sats).

Some (likely very few) people are afraid of cash, which isn't the same as fiat, because fiat can be both physical and electronic. No one is throwing their bank cards away because of the virus. Coronvirus outbreak isn't a reason for Bitcoin to go viral (pun intended).

And just speaking theoretically, Bitcoin is aboslutely not ready to become the dominant currency - no scalability, high volatility, often poor user experience, lack of adoption, uncertain legal status in many countries, etc.

 how come you called it an issue when infact its rather a good news because finally people see the worth of digital currencies such as btc   . i remember many people talk bad stuffs with it but now they are now crawling back to it and praise it like a god ? well hell them , but we should still give them another chance because this was also the break that we are always looking for in a long time that cryptos exists  . we want adoption and its now coming   . fiat will not be gone because not all are affected on the virus and even some are affected people still use fiat but not more often    . they can just convert thier fiat to digital currency and shop online without hassel and with less risk of infection

Where people are very scared to hold money you should understand that people are even more than scared to hold a Cryptocurrency , therefore one should understand that people cannot just go to cryptocurrencies .
Also at the same time one should understand that , government is gonna shut down sooner and later if this pandemic doesn't end soon enough , they won't be able to provide jobs and people will literally be cast out of economic situation and then again I do think bitcoins will be very helpful with that .
As a currency I don't think :(

Nope. Maybe for the next Corona, that come 10 years from now. Bitcoin is in very early stages of development. Because it made few people super rich is way over hyped.

Ready or not it will still not be realized in just a short time because there will be considerations and others which of course will require more time and also, when the problem of this virus continues to grow and be unsettling, then at least the world will put priority to overcome this corona virus because after all, even though bitcoin is set to be a global currency it will not make this corona virus destroyed and the world will still be feared from the spread of the virus which is very troubling.

Who told you that people are too scared to hold money because of corona virus? Like how do people even come up with these? I know what you mean over here, but still. If a place is affected by the virus, the person will have to take certain precaution no matter what. One of them is to make sure the person doesn't touch their face, eyes, nose or mouth without washing their hands properly. The virus can't just fly and enter your system. So, if you take money from someone, you won't magically get infected with corona virus unless you don't wash you hands and start eating.

Bitcoin is leading cryptocurrency and probably will stay so but it will not become leading currency because it can't compete with fiat currencies, at least not yet. Not corona virus or any other threath will change that.
When you look how little percentage of overal population in the world is using Bitcoin then it's everything clear. At the moment Bitcoin doesn't have a chance compared to fiat.

It should have been ready since we kept using it since time. Verification of transaction may be slow but it will still go thru besides there are altcoins like XRP and ETH which is also acceptable. BTC and crypto is ready, its the government, banks and other people are not ready for sudden change and I think the shifting of digital currency will help us get ready.

IMO and TBH, I don't see Bitcoin will become a worldwide currency. But yes, it will remain the number one virtual currency and the best alternative way of fiat. If you were afraid to be infected with this epidemic decease (the NCov) by using physical fiat, there are too many ways you can use fiat without handling it.

As of now, I don't see people use Bitcoin for payment purposes, they treat this as an asset or an investment and hold for a long period of time. Therefore, it might be not now but who knows in the future.

Bitcoin are not ready to become worldwide currency and this will not gonna be happen.  This is because many people don't have enough knowledge about cryptocurrency especially bitcoin and also the volitle price which is I think the most worst problem will happen if bitcoin replace fiat.  And if crypto currency will replace fiat I think stable coins will be the best option.

I agree there are a lot of services that you could use to transact online. There are a lot of people nowadays sensationalizing novel corona virus that would make Bitcoin as a safe haven but it is not. This invalidates their reasoning of being contaminated and also there are way a lot more stuff to buy with fiats compared with Bitcoin or any other cryptocurrency so it is not that practical and minor percentage of people knows cryptocurrency so that's it.

This question has been thrown around here a lot of times. Haven’t you heard that some government are now creating their own cryptocurrency? China already made it clear that they are creating a cryptocurrency and very soon others might follow, so there is nothing like the world adopting bitcoin as their main currency, it is not going to work. That was the initial plans for Libra but it didn’t work out for them and now Facebook is considering something different, they now want to change Libra to a payment method like PayPal.

The only thing is that bitcoin will be here and we will all be able to make use of it if we wish, but it is not going to replace anything. Even during this Corona virus outbreak, Chinese were making use of WeChat Pay and not even bitcoin.

What makes you think that people are "scared to hold money"?I've never heard about such fear.
If the coronavirus is really spreading by people touching paper money,then the people have a reason to be scared.
However,there's no evidence about that.
Fiat currencies won't disappear soon and coronavirus won't be the reason they disappear.
If people are too afraid of using paper money,they could use debit/credit cards,paypal,skrill and all the other fiat payment processors.What makes you think that they would immediately switch from paper money to cryptocurrencies?

Goverments are not ready for this. Only after right adtoption it can be possible

It’s obviously not ready for bitcoin to use as the number one currency. It needs indeed more adaptation since other citizen in every country even in my country are not yet fully aware of this technology. Though we glimpse that bitcoin can help in many ways to make things easiest and fastest in terms of making payment online. The fact that other people doesn't know yet crypto.

I think the bitcoin has nothing to try to to with the Coronavirus It depends on the market situation. We cannot give anyone an accurate idea of ​​how it'll work you're right in saying that Bitcoin works in no time when it involves online transactions. With the technology now dominated by market whales most are now afraid to stay the Corona virus infected.

Bitcoin should adopt by many countries and mass adoption means a lot of transaction will happen in the same time. Stores, Banks, Schools, Establishment (Local & Government) and lot more. It's a great idea and practical way to use bitcoin for online transaction instead of fiat currency where the virus can spread rapidly. China is the first countries with virus and recently they start on sterilizing their cash to stop spreading it. Bitcoin is other option for other countries to used to stop spreading it. Many aspects should consider if Bitcoin is ready for global currency.

Well, we can't really say that bitcoin will have no value at that point. Another thing is that the government will not be accepting this so, despite the fiat's value going down, that just means the conversion of bitcoin to that currencies will be going up. When there is no fiat, then bitcoin will be the only currency, no conversion, no other things just bitcoin and other crypto currencies.

Too crazy.
Enough  with stupidity.

You can buy all the mask you want but it won't stop the arms which they made.
It is reacting with the financial industry but it never says that it would affect the crypto market.
Investors have their own perspective with what is happening and they have their own decision.
They might be scared but not everyone.
I have read the news that it is also near my village but I am still not freaking out.
This is something which we should be calm about.

This all will be possible if countries will legalize or allow bitcoin transactions in their countries and spread of virus will really be reduced but until then we will face risk for both ends but the things is bitcoin isn't the only paperless currency out there so even if this happens we're not guaranteed that country government will go with bitcoin than digital fiat.

Trust me in 50 years from now or less there will be no government or organisation controlled currency anymore. At least not any that will be meaningfully valued.

Not without the whole infrastructure built around it. A billion people won't be able to transact in Bitcoin at the same time without the use of solutions like the lightning network and this is the background that needs to be set up. More nodes, more adoption, more laws.

It is ready because it could be used if countries wanted to adopt it and turn it into a state currency but I don't think they will.

Absolutely not, and the truth is Bitcoin won't get there when the world will use Bitcoin as the primary currency. If you want to think a world without fiat then how can you think a world with the only Bitcoin? Rather I think we should spread the news so Bitcoin can be used as a secondary currency instead of PayPal/Payoneer, not primary which is not possible.

Will be bitcoin become world wide first currency in the world because bitcoin have anything needed by the world, bitcoin could increase economic world and bring more profitable at the future for investor and holder.

Lol. If people are scared to hold money, why can't they just keep it in bank and go digital :P I don't think small risk like golfing money can truly make Bitcoin go over fiat currencies haha :D but the moment people understand that fiat currencies are as much dangerous as Corona virus, they would all choose crypto!

I don't think so, being a standard currency is not simple, and I don't think that bitcoin can bi a standard currency, or even other cryptocurrency because it is volatile, and it would be hard for everyone of us to have that kind of currency if it always changes its price day by day. I think only those currency that has fixed price can only be the world wide currency. Like Pesos, etc. Dollars also changes its price but it won't change day by day, it changes so rare.

Implementing new standard currency will be hard also for some governments in different countries because it will have so much process before it will be implemented world wide.

Considering the average life expectency of the users accessing this forum, I dont think they are going to here anymore for that long time, I do hope to be proven wrong though. ;D

You mean secondary to fiat. I also feel this because the big companies that run the country are always going to go for fiat and not a crypto based system. Whether we will see future development in crypto and companies accepting crypto for use is a second topic to discuss about.

Currently bitcoin should be kept to a trading asset status. If your country allows crypto, use it but also depending on who accepts it and who does not.

This is so far to happen because as of now, we can say that yes there are lots of countries who really accepts the use of cryptocurrency and they have their own technology to use to buy crypto-like ATM machines but to think that crypto is going to be the currency of the world, it can possible to happen but it is really hard to implement because there are still countries that did not accept crypto to use on their country because of their own reasons. Let us say that when all countries allow the bitcoin or crypto to use, it is still hard to adopt it just like that because we are still into the use of traditional currency which is called fiat. Yes, bitcoin is really a good currency because it makes our transaction safe and fast compared to fiat, it is also space-saving because you are holding your money with the use of website or application but there are still disadvantages, but I am believing that developers will make their own technology and innovate the present technology.

I think the answer of that lies not on Bitcoin itself but, to the world or in the society because, implementing Bitcoin to be used as a worldwide currency especially when there are still a lot of countries that are not capable for internet and also the complexity of the transactions made in the society are hard because it might cause a lot of side effects for the economic state of a country. For a crypto currency to be implemented in the society it requires further testing and time to understand on how it will be used and maintained for the benefit of all.

Many countries are not yet accept bitcoin as currency. If bitcoin will use for world wide currency it needed to accept first by all of countries. Bitcoin is not yet suitable to use in some countries that don't have access to internet. There prefer to use fiat rather than bitcoin. People don't want to explore what the current technology and don't like to know if this will help them. Bitcoin for now is currency for the people who want to used it.

But my statement still stand. The ghost of permissionless money is out of the pandora box. No one can put it back anymore. Impossible. They can only struggle some time to not infect them. But that is just temporary.

in terms of bitcoin it might already be ready to become a global currency, but in terms of the problems of each country, many are not ready to accept it. Moreover, only a few countries have legalized it. In addition to uneven internet access, many crimes such as money laundering and drug transactions have become considerations

No, it isn't ready for now. The system itself is immature. A significant part of the world population has no idea about what is it and how it works. As a result, they don't trust a "currency with a value comes from thin air". We want Bitcoin to be accepted, then it needs to be popularized.

With the  kind of leadership we are seeing in many parts of the world, I don't see how bitcoin will become a widely accepted payment medium in the short foreseeable future. Most governments across the globe will always resist the use of cryptocurrencies as a main currency for business transactions.

Yes, that is true. Besides that, maybe bitcoin needs to wait for some years to be used by all people. But to be the one currency in all country, I don't think that will happen soon because we need to see the government can accept the existence of bitcoin among the people. We need to be patient for more while we can still spreading the news about bitcoin to our city and we can also teach people how to use bitcoin. With doing this, sooner or later, people will see the benefits of using bitcoin, and they will see that bitcoin can be used as fiat too.

There is really no possible way that in 50 years there will be no governments, the world doesn't run around that fast at all even with the huge advancement of technology and maybe we can finally have people on mars actually living there like the ISS.

Governments are based on racial differences and even though we can't really call it racism because everyone is entitled to their own nations, we can't really say it has nothing to do with race neither, nobody wants to live in a one full government world where everyone lives everywhere because some nations are better to live and some nations wants to keep it that way whereas some nations are bad and poor and nobody really wants to live there. So if you make it a global thing that would create a huge chaos.

not true bro . many country are now not against on bitcoin and they are now accept bitcoin with all thier heart  . 

once few countries will also do the same , that will be the time that bitcoin will be honored as an offcial worldwide currency  . world wide because all countries are now accepting it and worldwide because there is the same value for btc and the same icon/design not unlike to a local fiat currency that cant be a 1 world currency due to thier different value and characteristics   .

Not yet, the current situation of Bitcoin is really complicated, due too many governments cannot accept the digital  currencies and remember the world economy is based on FIAT. In addition to that, I thought that Corona virus did not have any affect on Bitcoin but  to be honest I changed my mind , now the dip is still continued beause of the negative impact of Coronavirus and unfortunately, we have no idea when this crisis is going to end.

Are you sure that this can make Fiat money disappear or no longer desired? If we look at the current situation, it may be possible. But I'm pretty sure that we will find out the solution to deal with the problem. At least, people can clean their hands with hand sanitizers. So, Fiat money isn't entirely dangerous to hold in a proper way.

I'm not sure if it is ready. There are still some problems to deal with Bitcoin. Not all countries in the world have adequate infrastructures to support Bitcoin as the main currency. And the Bitcoin value is also very volatile to use. These must be fixed first to consider Bitcoin as the worldwide 1 currency.

In my own personal opinion, it will be difficult for bitcoin to become the main currency. To be honest, not everybody in this world has the ability to hold and have their own cryptocurrency because not everyone has the enough money to buy smartphones or computer, so they could uaed cryptocurrency for making transactions.

Bitcoin is not ready yet, but DigiByte is ready for that. I think the number 1 currency is not a future of Bitcoin with just 21 million coins, minus the ones that are lost. We will need some superfast crypto, that is able to handle a lot of transactions in any given time, DigiByte is already doing that if you didn't know, and it's one of the oldest Blockchain projects out there, with awesome community!

I think Bitcoin is money, and hopefully it will never become a currency.

I don't think it's ready yet, maybe wait for another 10 years or more. Even though Bitcoin is 11 years it is still under the verge of development and many more people needs to know first what it is. The elderly needs to know and how to use it, aside from that the people who doesn't use internet, the people that can't read. I guess bitcoin could be a number currency with the help of the new generations, which is by the eway educated people who really do know how this works out.

I'm also not too curious about it because after all, fiat currencies will always be the mainstay in the world even though this corona virus outbreak frightens about storage because of the collapse of the stock market and other economies. Indeed, it is not wrong when we assume bitcoin will be used as a global currency when physical money becomes a concern of the spread of the virus, because by doing more digital transactions it will certainly prevent a wider spread of the virus.

It not ready and I'd never think also that Bitcoin could be considered as a currency but just a stored value only.
The use of Bitcoin is not really appreciated by all because of its complexity and it needs the internet to complete the transaction which is something we miss in the other places. If that existed in physical money, maybe there is possibility but unfortunately, there is no such thing in crypto and that all be digital in form.

I agree with you that Bitcoin is not ready for 1 worldwide currency because it is never worth the price The more people invest in Bitcoin, the more its demand will rise and the price will rise and they can be ready for the number one currency. Not just Bitcoin the higher the value of the currency's investment will increase.

As of right now bitcoin is not really ready to become a currency used by the majority of the world, there are still instances in which you need to wait for an hour to get a confirmation and that is not going to be good enough when you want to make a quick transaction like buying something in a grocery store, however I do not know why you have troubles picturing how a world with bitcoin as its main currency will work, instead of valuing things in terms of dollars we will use bitcoin as the currency of reference.

As far as I have understood and read this will never happen as a 1 currency across the world because each country has their own currency and the stronger nations becomes more stronger when their own currency becomes strong compared to another nation. So no one would like to give away and accept the btc as their national currency which will make them at par as compared to other nations.

My question is –is Bitcoin the only digital form of payment there is or have you forgotten that there are lots of other methods that are much more recognized? I make use of Bitcoin but I have not been able to use it to purchase anything because there are no places where it’s being accepted. Stores and places I go to are either accepting card payments or PayPal and other similar payment methods like online banking and QR codes scanning methods.

These types of payment methods are way more popular and widely accepted than Bitcoin. I even read news that Chinese people are now making use of WeChat Pay. I think we need create more places where Bitcoin will be accepted to draw people’s attention to it.

To date, there are many payment systems that people use in everyday life.  Of course, Bitcoin is still not very popular, although a huge number of people who do not participate in activities on the cryptocurrency market hear about it almost every day in the media.  In any case, the popularity of cryptocurrencies is growing every day, but nonetheless, I believe that Bitcoin can take the place of an international cryptocurrency, but only in a narrowly focused specialization.  At least in order to use Bitcoin in everyday life, you need to solve the scalability problem, although for large businesses to make large transactions, without involving banking systems, Bitcoin can fully satisfy their needs.

Bitcoin is now too narrowly targeted.
During crises and epidemics, physical values dominate, at least cash.
In some countries, you will have to try very hard to buy medicines for bitcoin, and in some it is simply impossible.

In addition, bitcoin has no physical value, only intellectual, this complicates the credibility of it.

Moreover, bitcoin is not ready since it is not providing enough payment options so people would find it easy enough to use.
It is extremely important and our past experience as humans showed that easiness outstands privacy and safety (when it comes to money)

Its going to be compared the same way we compare things when buying using fiat currency. Like people are going to eventually set a price using bitcoin as relative unit. Its like you buy a cup of coffee from starbucks  for few dollars but now you will be buying it for few satoshies where the the amount will be define eventually by the people.
But the real question, is bitcoin ready to be used as a global currency replacing fiat?

No, to use cryptocurrencies you need a device and access to the Internet, and if in developed countries most people cannot imagine life without these things, then in some countries of Africa, Asia, Latin America, this is often not available.

As it has within the past Bitcoin's status is that the same because it was never ready for 1 global currency and nobody can say whether it'll remain within the future. Bitcoin doesn't protect its privacy but supplies it worldwide but depends on its price.

Too many similar payment systems, even better than bitcoin in many different ways, so bitcoin has not yet created a certain reputation in the world market, only a few businesses know but among them, only a few businesses want to use bitcoin as currency, largely denying opportunities with bitcoin, rather than asking whether bitcoin is ready or not, we should look at the fact that the world has wanted bitcoin to come into their lives or not. In general, bitcoin should only be in the investment concept, other features can be considered but do not need optimization, as now is still too good.

For now, it's hard to tell when will we become ready for bitcoin and even bitcoin itself to become our main currency because majority of the people are still not knowledgeable about bitcoin and don't even know how to use it. People are already used to see paper money but if the government itself decides to take part in introducing to the people about digital currencies, then maybe by that time people will start to accept bitcoin as for payment transaction. Bitcoin also needs to improve its performance so that people will be more convenient using it compared to fiat.

It seems to me that Bitcoin can be used as an international cryptocurrency by large businesses and large companies for financial transactions that will be much more effective than any banking services.  Of course, the obvious problem before introducing Bitcoin into everyday use is scaling, which in any case needs to be dealt with.  Of course, a simple person will not be able to use Bitcoin as a means of payment, since he does not have certain knowledge, but you need to start somewhere and the business is the best opportunity for this.

In my own opinion, even using bitcoin is the solution to solve the problems of making transactions without having physical contact to each other, while there is a pandemic of corona virus in every country. I can say that there countries that are not yet ready to have bitcoin as their main currency because not everybody has their own device to use and to have bitcoin.

there are still many technological gaps between countries...
Bitcoin won't be able to become a world currency for now because the infrastructure that supports it for use in all countries is inadequate, there are still many people who don't have electricity in various regions.

they are but you still need to use something to transfer money why not google pay then

Practically Bitcoin is not ready for this one currency because of it nature of operations. You will agree with me that, the price of Bitcoin is not stable therefore can't be guarantee to be world currency. The process of Bitcoin transactions has a long way to go, using a small transaction to buy a small products online, like in the case of $1 or €1, ¥1,£1. These are the huddled the Bitcoin would go through before it will come out strong . lightning Network, Bitcoin.

Well, bitcoin will never be the main currency of the world, I don't think a country would even do that. The obvious reasons are that it is decentralized, government would have a hard time controlling that currency and while we're at it, there is also the volatility and the anonymity it offers. The government are always against this kind of feature, letting their people hide using crypto currency.

I think bitcoin is not ready to be wide first currency in the world because many countries not accepted bitcoin as their payment transaction, give bad effect how bitcoin to be first currency payment without get legal first from many countries, bitcoin have publish their way how advantage using bitcoin as currency payment.

I think on my own opinion if the corona virus will not stop spreading the fiat currencies will be no longer have a value, and the crypto currency will be valuable against the fiat currencies because just like you said the people that still affected by the corona virus are scared of holding money.

Although the scenario you're giving isn't tangible at this point, it's still possible in the near future. If ever that happens, Bitcoin will defenitely soar very high (law of suplly and deman). Another reason is that it's gradually decreasing its suplly; the tendency is that its price go higher. On the other hand, some people will still appreciate altcoins specially those who are fan of stable coins.

The way I see Bitcoin is quite different from the way most people see it. I don’t see Bitcoin as a replacement for fiat, I just see it in a way that fiat is here to say – like the US is not going to leave their US Dollar to start making use of Bitcoin as their main currency.

Bitcoin is going to be another means for people to access a cheaper and fast transaction, a currency that would be used to send money around the world which would be unlike the means we currently have. Countries might even have their cryptocurrency, a digital form of their main currency and as time goes on the Blockchain will become more advanced.

- I do not think so, it is really ready in nature and in theory, even many of us have used bitcoin as a currency to use, to buy and sell, even exchange here but in terms of the laws of countries and the world, bitcoin is a name that is rarely considered too much for it to become a legal currency because of the nature that people talk a lot about bitcoin, in the eyes of the government, that would be an encroachment on their control. Perhaps bitcoin will forever be ready only for a world of technology and the internet, it is not ready for the real world

Now a days, everyone's know that taking or receiving money is a harmful and great problem for corono virus. It is great time to use bitcoin as world wide currency. 

Can you answer the question - how will fiat disappear?
If the entire fiat will disappear it will be impossible to use btc as a world currency for a very simple reasons
1) the vast majority of people will want at least a little tangible equivalent value - even if it will be shells or beautiful stones
2) btc is extremely unstable and TPS is too low to make btc a worldwide currency
3) some people still don’t know how to use even simple credit card and you are talking about crypto

I dont see any issues regarding fiat holding (!)

I mean half of the population (practically) doesnt even know that bitcoin exists considering the developing countries where people are not much bothered about world over internet.

There are surely many reasons for the same and list is big.

Just because Covid-19 situation burst open out of nowhere doesnt mean bitcoin is safe place to keep your money.

Economy is not recent, its not novel, its been there since thousands of years by means of different modes of payment (from stones, gold to vegetables!!!)

Many incidences did happen in the past bringing down the economy and freaking out people but it never collapsed it completely. I guess thats enough justification as to why it wont affect people this time also.

The question should be, is the world ready to adopt with bitcoin?

Everyone knows bitcoin has a fixed supply, so it's easy to determine how to use it, for bitcoin to be globally accepted, big businesses should adopt with bitcoin but it will not be easy as not all countries are pro bitcoin, so that alone could be a problem.

If only people will decide without government intervention, it could easily happen, but then the crypto space will not be the safe from illegal activities and that would destroy the space in the long run.

Everyone thinks like bitcoin is not top 3 in many places already. What you guys are not realizing that, if you live in Europe you use euro, you may also use dollars in some places, but bitcoin is following them, you don't use Chinese yuan in Europe when you are spending somewhere, take a look at what companies accepts in Europe, you will see that it is mainly euro and maybe dollars, following that is bitcoin. Maybe we are not top 3, maybe we are top 10, but there are not that many currencies you can use there.

Same goes for almost all nations, you can use their fiat, dollar, and maybe one or two other ones but bitcoin follows that. Plus it is global and when you want to send money from one place to another bitcoin is still top 10, when you want to do it under 100 dollars it is definitely top 5.

Time will tell that BITCOIN is a self stand currency which holds value and can be used in different markets buying staff although we have a way to go until it accepted worldwide no need to rush

agreed.  why rush when the acceptance of btc is still continues to happen   ?

in no time , btc are now going to be worlds first digital currency and the acceptance is rather sped up now  , now that people are now avoiding close contact with fiats and other physical form of paying   .

 time will tell indeed , and this time has come that people realized the worth of digital currencues such as btc  . they could have ask thier self that why they reject btc before when btc is infact pretty useful  .

It that just your own thoughts being projected as everyone's thoughts? ::)

Accepted that paper money is dangerous now but you cannot expect people who have never used crypto to start using it in a time of crisis. Heck many countries dont even accept it a real currency. Things will get better only after this crisis ends and not during it. But maybe in future times of disasters we will see better usage of bitcoin.

---

You cant even spell the name of the virus correctly. Do respect the enemy. ::)

 :'( if it doesn't happen no then it will happen very soon

This is the right direction to go. Whether the world is ready for it. We know that the use of bitcoin is not easy for people who don't understand it yet because of internet and some more.


There is no way that government won't be involved. In fact, government is totally inclusive of cryptocurrency adoption. Or who makes the rules or regulation that will guide, control and binned everybody on it

By logic it is totally ready, it could be used as currency all around the world, it is actually used all around the world as well but not by enough people that is the difference, you could go to any nation in the world and I am sure there is at least few people in every nation that deals with crypto.

However the tech is not really ready yet, we are not even at 1% population using it right now and it is already slower and more expensive already, you have to pay 10+ dollars and wait 30+ minutes to get it, which means it is not ready.

In order for tech to be ready we need to have such a huge leap in transactions that it should be 100x cheaper than this and also be under 1 minute as well, otherwise we are not going to beat all other methods of transaction of currency.

I think it's unthinkable Since each legislature is presently against it.
Bitcoin has many advantages however we ought not to overlook that there are burdens too.
There's no history or exchange record.
You can't see where's your cash went?, that is the reason crooks use it for purchasing unlawful things If it becomes the world wide 1 currency then it will destroy the economy.

I think Bitcoins are ready to be world currency, but most country are not ready yet. We need more investments into IT infrastructure all around the world to make it work.

Step 1 is to get everyone access to internet. Facebook and SpaceX are already working on it, so it can't be long anymore until everyone has the possibility to go online.

Step 2 is to get everyone the hardware to use cryptos. Chinese mobile phone manufactures are leading in the cheap phone section. Shouldn't be too long anymore until everyone can afford a smartphone.

And the final step would be to increase the knowledge of cryptos all around the world.

So in conclusion bitcoin is not ready to become the world's number 1 currency. The earliest step towards a fully digital economy is that internet access and electricity can be enjoyed by all people in the world without exception. You can imagine without these two things how someone could use their cryptocurrency. In addition, we must remember that bitcoin is outside the existing economic system. For entities called countries, bitcoin is considered a virus.

If we study the history of fiat money, we can find out why the dollar has become the main international currency, because the creator or controller of the world economic system who made it, of course, with a series of tricks and intrigues with the aim of benefiting the controllers of the world economy ("the have" group) and making wealth. Maybe the period of fiat money (physical cash) will end and be replaced with cryptocurrency, but the cryptocurrency that will be used is not bitcoin but that created by the controllers of the global economic system.

I'm sure bitcoins were born for international payments, but the creators of bitcoins did not foresee Bitcoin having too many people using and exploiting them. The price of bitcoins has risen many times since they were first traded. It's not feasible to trade thousands of transactions at once, so bitcoin should be more of a stockpile of assets than a regularly traded currency. Bitcoin needs more improvements.

I guess it's only a perspective, for some of us bitcoin is already the top world currency/asset! You can do a lot of things with btc, maybe the most interesting is holding for the future and waiting for that incredible price rise, that may happen or not! Most of us believe in that and with more adoption there will be higher demand, that will lead to higher prices, as we said, limited amounts of bitcoins in circulation will help in that!
Scalability is the problem, high fees are not good for anyone except the miners, but that will be solved eventually! And bitcoin is not the only one who needs to take care about high fees, as we see ethereum has the same problems.

The demand for Bitcoin is increasing day by day and its price is gradually increasing.  At the same time, the growing use of Bitcoin has made our lives easier and faster.  So it will one day be on the top list of people’s choices.

Right, but if we look at the name it is a crypto currency, bitcoin should not only be used as an asset because bitcoin itself is very useful and reliable for many transactions in a faster world and of course, with transactions using bitcoin that occur will be increasingly digital and that way, at least using bitcoin is also a campaign to stop the spread of the virus because there is no cash here.

Even though Bitcoin is ready for a world wide one currency, the government will never approve of it. So in my opinion it is impossible
for Bitcoin to become a world wide currency. Bitcoin is more suitable as a payment alternative, can never replace fiat currency. Moreover,
not all areas have internet and electricity networks, thats why Bitcoin cannot be a world wide currency. Therefore there are still several
obstacles that do not allow Bitcoin to become a world wide currency.

"Is Bitcoin ready for world wide 1 currency?"
The answer is no

Well yes its capability is fit to have it as a world wide one currency but its characteristics doesn't, people won't easily embrace something that is very volatile and yes take the fact that some people will not be able to have bitcoin if they don't have devices to manage it in the first place and honestly i think fiat will never be replaced for like the next 200 years because were too used to it that once we replaced it with somethinf new even if its better in some ways it will be chaotic and disorganized community but as of now i am pretty happy ad comfortable to what is bitcoins level in our world, it can pays your bills, shopping and food like yeah having it accepted to every stores is much better but i am pretty satisfied to what bitcoin can do for me

In terms of liquidity and value, Bitcoin satisfies the conditions of becoming a global currency. But in terms of technical factors besides security, Bitcoin has a slower transaction speed and is not as good for continuous payments as other means of payment. Bitcoin needs to be technically improved in terms of speed and transaction costs.

If we talk about digital currency, of course yes. No doubt  Bitcoin is ready and as of this time it already has earned trust and support from the cryptocurrency community and at the same time been used worldwide as mode of payment. But if in daily basis it is too hard for a digital currency to buy or pay small denomination or amount of goods and services due to high transaction fees. As an investment Bitcoin is a good choice together with those god's money like precious gems and metals. They are best anti crisis and inflation assets we can accumulate these days as a back up.

NO, not this early. Bitcoin is really helpful and beneficial method of digital payments in cryptocurrency world but we cannot use it in our daily spending especially when buying goods in the market. I do understand how being cautious we are during this strange time and its really necessary to be more extra careful for the sake of our loved ones. As part of our day to day routine, in every move we make, we always used fiat/physical currency for our living. And definitely, this physical notes can accumulate bacteria and viruses. And its really risky to all the people, but despite that, we really need cash/physical currency and it can never be replace in the mainstream world.

I have said this before and I will say it again, bitcoin cannot be the world wide currency as of today but it may be in the far future. Due to its decentralized nature, bitcoin has high volatility. Combined with its limited supply, its price would be very unstable to be a currency in the market. You also have to consider that not all countries adapt and accept bitcoin in their respective territories fearing of its anonymity factor.

I doubt that bitcoin will become currency now but if there are technological advancements or innovations that could address these issues, then it may happen.

I can’t remember seeing where it was stated by the devs or the creator of Bitcoin that it was created for the purpose of replacing fiat. People are just the ones who keeps on stressing themselves by coming up with all these narratives on what Bitcoin should become and what it should not, Bitcoin is simply a payment method and moreover there are other payment methods out there that are a huge competition and have also been around before Bitcoin.

But, I am not trying to say that they will overshadow Bitcoin and neither will Bitcoin, they are just there to serve the purpose they are meant for, not to replace anything.

I would like to mention one of the thread created (https://bitcointalk.org/index.php?topic=5112925.msg49860507#msg49860507) years back. In that it has got the comparison between the funds being hold by the banks versus the funds on cryptocurrency exchanges. What we see is a massive difference, and now there might be little changes. This clarifies the requirement of Bitcoin to be the worldwide No.1 currency and the same isn't gonna happen in the near future.

Actually bitcoins have a robust enough mechanism but what lacks is the proper knowledge and awareness about bitcoins because while bitcoins can and should be made a worldwide currency but there still remains facts that people are unaware about. I had a friend who designs and he was scammed by someone as the scammer sent him double spent transaction or something and he after doing all the world got to knew that all the world he did has gone in vain and is very reluctant to accept or deal in bitcoins.

The thing here is that, neither bitcoins nor he is at fault but his lack of awareness and knowledge costed him and this is one of the many problems that happen when the traders/investors don't have enough knowledge of how to use bitcoins and the possible ways of stealing.

Bitcoin is definitely not a currency and some people call is asset and they believe bitcoin was never made to be a currency and it's only for investing, so they call it asset instead of currency. However, to be the most populated currency in the world, that currency needs to have more marketcap and more people using it to make it more populated and have a more stable price and faster transaction with lower transaction fee. By the way, maybe time will solve these problem to make the bitcoin most famous currency in the world.

The value isn't stable either which might be considered as the beauty of the bitcoins ecosystem but actually everyone who wish to use bitcoins as a currency wants to actually use them as a stable currency and hence is the need to stable coins so much in the market now days.

Even service providers like Bitrefill have now allowed bitcoins to be liquidated in USD value so that you can deposit BTC and relax that you have USD worth of bitcoins now which won't change their value anytime. I am myself a user of bitrefill and actually this was a major issue that the coins I collect for purchasing certain gift cards change their value and I had to deposit more. But now being in fixed value, I have the peace of mind shopping with them.

We as the cryptocurrency community definitely want Bitcoin as a worldwide 1 currency, but we must be able to see the reality.
That until now Bitcoin users are still in the minority, and also the government will never accept Bitcoin as a substitute for fiat.
So it is impossible for Bitcoin to become a worldwide 1 currency. We accept the fact that Bitcoin is currently more effective as
a digital asset.

The fact is that bitcoin is decentralized and does not have certain control. And the state will never allow what it can't control!
If we add the fact of manipulations of various exchanges and major holders, Bitcoin is not ready to become a world currency at this stage of development!

True. This is actually very risky if in this world only use digital currency which is not more than 21 million. There are billions of people to serve and of course this is not sufficient for everyone in the world.
We need a better improvisation of bitcoin, which can allow the smallest transaction of 1 satoshi and the fee to be paid is 0.1 satoshi. That way people don't need to write a lot of 0s when they want to make transactions. Transaction speed will be very important if the network growth is very fast and covers the whole world

Liquidity? I don't think so.

Maybe you are in a country where people are exposed to using cryptocurrencies, mainly Bitcoin but it is not always the case. The main reason Bitcoin is not ready to be a "worldwide number one currency" is the acceptability of it. The adoption is slow and people still thinks it is a scam. With low acceptability, means it is not that liquid too.

Indeed. Even bitcoin is already known all over the world. Many people still find bitcoin as a fraud or a scam investment due to illegal activities that is being broadcast in news and online articles, that is why bitcoin is not ready to be a worldwide number one currency, and other countries had banned bitcoin.

Not happening right now. Everything requires some particular quality and quantity to be number one. Bitcoin has several acquaintances and is a famous currency. But then some of its narrowness persists. Bitcoin isn't recognized worldwide and is not allowable. Since there is an identity fluff and the level of scam is high, so there are constraints. So it can be said that Bitcoin is not ready to be the number one currency right now :). There has a huge possibility of being number one.

I think with time bitcoin will be see as number one currency in the world. Many countries are still see bitcoin as a scam currency base on what others decentralized currency has done to them in the years pass that still not legalized bitcoin in their country. If all the countries of the world finally legalized bitcoin it will be the number one currency in the world. Many other countries currency loss value during the pandemic but bitcoin value was  increasing everyday by day.

currencies, especially the US dollar, will be fine even when experiencing shocks, only its value will decrease and various parties will try to avoid this, because almost all countries have USD currency pairs.
if USD is affected then other currencies will also be affected.

BTC is not ready for this not because it is complex/strange/cryptocurrencies are not needed by anyone - this is not the case.
BTC is not ready for this role just because it is too slow. It covers him all the way for a similar role - in contrast to ETH.
I do not dispute that BTC is good as a means of income (although it destroys it) or for storing money for the future (eternal growth).
But for the "world currency", quite different indicators are important - such as the convenience and speed of transactions, the ability to scale and ease of integration into life.
As for me, ETH is much more suitable for such a role in such parameters. However, I never detract from pros of BTC in general.

Bitcoin is not ready for the 1st currency worldwide because bitcoin is not yet supported by the whole world and it will take a long time to become the number one currency in many countries nevertheless it is the first and most important cryptocurrency. Altcoins are trying to copy or improve the original code of bitcoin but so far none of them have been able to replicate the success of bitcoin if the government supports the development of the world there will be a possibility of rising to the top.

It would still be quite similar to now which is via value and exchange of goods, dollar is just a system constructed between governments (https://www.investopedia.com/terms/b/brettonwoodsagreement.asp).   There wont ever be just 1 currency worldwide as they all have imperfections, the only common value system held globally over years thats been close to universal has been gold traded in exchange for goods.    Bitcoin wont cover all traded goods and balance sheets by itself, it will be part of a variety used like now but the percentage of usage will rise most likely.

I think Bitcoins are ready to be the World Wide Number 1 Currency, unfortunately most countries are not ready. The understanding of and believing in crypto currencies is not enough yet in most countries. Bitcoins are being used by many people all around the world, but the number of people who don't want use any internet currency is still high. Just by looking at my parents I see that lack the undestanding and are too afraid to try something new. They are just to old to go with cryptos. In 10-20 years most countries should be ready to adopt bitcoins as number one currency.

I totally agree with you. It can never be more true. I believe bitcoin in itself is ready for worldwide number 1 currency. The only limiting factor is the mass adoption of bitcoin in the mainstream world. Several countries do not accept bitcoin as it stands. Although a lot of people are currently involved with bitcoin, there's still much larger percentage that do not use it. Several do not even have access to the internet.
You'd understand this better if you take a study of developing countries especially in Africa and Asia. You'd realized that there are a lot of people who have never been to a school and wouldn't understand what bitcoin is. You should also note that even in developed countries, there is a whole generation that wouldn't even want to hear of bitcoin. Many, there, even consider it illegal.

Not yet because bitcoin is not yet accepted all over the world and not all people know how to use it and Government still didn't accept it because bitcoin is a decentralized digital currency. We can invest on it and we can use it to pay and send money to our loveones using this bitcoin but it is still impossible for bitcoin to become a world wide currency.

Bitcoin has got the universal accessibility, which means it can be exchanged to any of the country's local fiat upon necessity. Every country focus on digital growth, and as a part more number of countries are into the development of their own cryptocurrency. Some has already got launched and available for usage. As it helps with transaction without restrictions to any part of the globe have made it grow slowly.

Bitcoin or cryptocurrency can be a good alternative to fiat, but it cannot be considered as the number 1 currency yet because crypto is not yet fully adapted. The access to crypto is still limited which makes it hard for other people to use it on daily basis. Not to mention the volatility of the price. It is not even used mainly as a currency mainly because people treat it as an investment tool.

I don't believe that bitcoin never can be ready to act as only currency in this world because look at the fee of a transaction now when the mempool gets little clog so how it is going to tackle all the transaction made in this world at a time. But we have thousands of other crypto as well in the market already so some of them can stand still from all those shit coins and better prove themselves to be a crypto for the future.

No. Bitcoin cannot replace fiat as the mainstream currency in the world. Despite its great features and the benefits that was given to us especially during this pandemic time, still it can't beat the importance of fiat/physical money that we are using everyday. The good profits it gave us is beyond our expectations as this crisis continue to rage on but its still has a lot to show and prove before we will be able to consider it as the mainstream currency.

In my opinion, bitcoin is not ready to become the world's major currency, because its volatility is too high. and many people in the suburbs do not understand bitcoin. Many do not believe in bitcoin because they think it is a scam and a Ponzi business. Currently, bitcoin can only be an investment asset to store their property value. but maybe bitcoin will become the world's major currency in the next few years.

But, adoption is only increasing and I am quite sure the number of crypto users are only increasing which means once a user gets into the cryptocurrency market and community they are highly unlikely to stop using bitcoins which simply means the adoption curve will only move forward if even slow at times and at times rapid because of a few factors like if a company invests big amount and suddenly more people get to know about bitcoins and also invest.

Overall I think if transaction confirmation time was faster and there was some way to decrease fees per transaction then we might have seen a far more growth than what we are observing now. Most of the people are also worried about the volatility of the bitcoins and drops like one happened in march cause people to think twice before they hold or invest too much.

I'm waiting for the second day to confirm my transaction, with the commission I specified 40 sat/byte...
Judging by such results - Bitcoin badly copes with the payment function and the commission is unreasonably expensive!

I don't think it can become worldwide currency just yet! Because still lots of people are under the poverty line and they don't even have access to phones let alone learning the technology and terms to use blockchain and bitcoin. At first we have to make the society more knowledgeable on technology and only then we can move forward toward a society free of fiat!

This is one of the main reasons why Bitcoin cannot yet be the 1st recognized currency in the world.
Bitcoin can provide benefits such as a store of value and more. But it need development to be used by the whole world.
Perhaps in the future solutions will be created to allow Bitcoin to be used by everyone.

There are many reasons why Bitcoin can't replace fiat currencies and some are volatility and limited supply. Also, so far we have very low acceptance and don't forget that some people don't even have electricity and they can only dream on internet.
But I don't even think that Bitcoin should take the role of fiat and when we look at cryptocurrencies world Bitcoin already is number one and it will stay so.

Fiat has a pretty high fluctuation rate as well and a limited supply at that matter. What I really believe is the reason why the public wouldn't want bitcoin be a currency is the fsct that it benefits a lot of people from being an asset for investment. If we wanna set it as a currency, we have to drop its value to an amount that evryone can own atleast 1 or 2 of them at any given time. Which is clearly not gonna taste well for investors like us.

It doesn’t seem like bitcoin can be a currency around the world yet. It needs education about bitcoin to all people who don’t know it.
Bitcoin will also need a process before it becomes a world currency. Most people will keep bitcoin only as a valuable asset and for investment.

But I also don’t think so far although nowadays people are afraid to hold fiat money for fear of being infected covid 19,
not that bitcoin should replace it as a means of payment. Because in my country it’s still impossible. The government hasn’t allowed that far.

Being the currency of the global population is still very far from reality. Right now, only small percentage of population are into crypto. But I don't think we are competing to be the global currency as it may not happen in our lifetime. Fiat will still be the major form of money across the globe. But we should be happy that slowly crypto or bitcoin is recognized in the global arena because of its benefits especially during this pandemic period.

The fiat will stay as it is as long as the government and the bankers will support it, the bankers for sure will never let go the fiat and they will do crazy things for the people to continue supporting fiat currencies. In my country, there are now a lot of people who are becoming aware on what are cryptocurrencies especially the bitcoin and ethereum but there is a big problem because there is a misconception when they see it as investment and not a currency that can help them to have better and convenient payment system. There is a bright future for the cashless society but still it will take a very long time for the people to adapt it.

That is how they show bitcoins to be a illegal currency but the truth is that bitcoins have such a robust mechanism that even hackers trust it for getting payment from their victims. Imagine why hackers don't ask for any other kind of payment when they hack a particular company or network? That is because they know that only bitcoins is one currency that cannot be reversed and only possible payment method that does not rely on centralization. I know bitcoins are being used for many illegal purposes but that is only because of the robust mechanism not because someone made bitcoins for this purpose.

Bitcoins might not be ready for a single currency worldwide because if that happens then whales who still store big amount of coins can swing the whole economy of the world which is a dangerous prospect.

Bitcoin will still be bitcoin which is decentralized  for the whole world. Centralized currency cannot make bitcoin devalue because dollar is control by the government which the government can decide at anytime to print more money not to make the country currency devalue.
During the pandemic bitcoin show other cryptocurrencies with time it will be the king of all currency in the world. When others cryptocurrencies where reducing bitcoin was increasing to show with time it will beore popular than any currency.

The government will always support its fiat currency, because it prints money itself and is responsible for the functioning of the economy and the well-being of its own citizens, unlike cryptocurrency developers, who may be located in another state and are deeply indifferent to issues of health care, defense, payment of pensions, support of poor citizens ... I sympathize with cryptocurrencies, but against such a simplification of such a complex issue.

Bitcoin is very uncomfortable to pay for everyday goods... It has a very large commission for such purposes! As for cashless payments, there have long been banking applications or the same PayPal...

shortcomings of Bitcoin to be used as a means of payment are erratic price fluctuations and also the length of time to process transactions.  Bitcoin is impossible to be "Worldwide 1 currency" because Bitcoin has become a "World Wide 1 Asset"..

This question has been asked 8 months ago and it has also been asked almost everyday but wondering how the adoption makes the answer to this. I supposed to think that everyone has a clear vision towards  Bitcoin adoption and becomes a useful currency as intended to be like. We are not closing the possibility to be the number 1 currency worldwide but if we consider a lot of factors that could change such a thing, we can also think that USDT is still likely taking the crown as the number 1 currency in the world.

Aside from that bitcoin can be send without physical contact, if you need to send it with a lesser fee you may convert it to xrp ,  charge will be 0.5 only I think. Bitcoin is widely known in the world now, paypal is good but I rather choose bitcoin, in bitcoin I can invest it or hold it till it will reach its ATH, in paypal there is no ATH.And this question has been answered years ago , and still bitcoin is in the top among all coins.

It's still far as we can continue seeing that USDT still manage to be on top. There lots of considerations which we all need to understand in terms of being the number currency worldwide. But the good catch here, we can still see more adoptions and there are businesses who are also ready and willing to embrace this new currency that's what matter most for now.

If fiat currencies were replaced by bitcoin, the digital coin would become the offical world currency, but it's hard to say how it would be valued as all the countries would be using the same bitcoin.
I believe governments would find a way to have the bitcoins on their hands (confiscating?) and firstly they would start paying public employees wages based on their own calculations and decisions. They would also buy goods from local manufacturers based on their wishes. Then these people would have their own coins to spare too and inject on the domestic economy.

So you can conclude it would be a centralized universal currency ruled by central authorities. Maybe the only difference between our current system and this hypothetical one would be that governments couldn't print money from thin air anymore, like fiat currency.

Also, to manipulate foreigner economies can be much easier through an universal currency.
Maybe that is a good reason a world currency should never exist. It seems it creates only more centralization where there shouldn't be.

It do really have its cons if we do try to look on bigger picture or trying to elaborate on the things which wont really be fitting out on day to day kind of transactions.
Yeah we do prefer on making it on mainstream but it wont fit out on some categories on where fiat would always have the edge or advantage.Also,
would this thing really happen? No. As long government do exist then fiat currencies would remain no matter what.I cant imagine on a world whom do
have only 1 currency is just circulating.We know that currency value do show up on countries supremacy. Am i right?

Bitcoin was never meant to be a number one worldwide currency. It was created in order to get rid of 3rd parties during payment, that's why it's called p2p. Bitcoin's block size was never meant for massive usage too and the 4mb size of it proves that. It needs a lot of modification and changes in order to meet the criteria of being a number one world wide currency. Also, such movement would take a lot of years and changes in our behaviours, politics and economics. Right now, banks are the strongest institutes and you can't just change it in one day. So, long story short, no, bitcoin isn't ready and was never meant to be ready for that purposes.

Exactly, it is not ready for worldwide number one currency to be. It needs to push more for getting accepted worldwide first. Then we can think of something big. Still, it is restricted, so can not possible now to be number one. Besides, the EURO zone is also here to dominate and Dollar is also the same in sense. So it may take time to get worldwide acceptance then we can think big.

Maybe because bitcoin has only 21M supply and that will be short when all the people will going to use bitcoin. If the dev can add more bitcoin in their system then that would be a different story. I do not know how bitcoin works but for me since this is created then probably it could be modified and probably the bitcoin dev did. Who knows? Well, I am just giving the benefit of the doubt. We can get played by them. Anyway, we had already a good vibes with bitcoin that really matter.

bitcoin is always ready to be the main currency in the world but many countries are not prepared for all the major currency bitcoin to make them a lot of countries are afraid of losing their currency and almost half of the country refused bitcoin because the price can not be stable because that state refused bitcoin.

Bitcoin could become a global currency if it had better technical improvements. We have 7 billion people in the world and if about 500 million people use Bitcoin regularly enough, the bitcoin network will be delayed for days or months. Other than technical, I don't have any opinion about Bitcoin. It is distributed and liquidated around the world.

I think is too early for bitcoin to become worldwide 1 currency.
There are still some country who still look at the bitcoin as a scam currency because them don't have any idea concerning the currency. Gold is still more popular than bitcoin in the world and also older than bitcoin in the areas of investment.
Many countries are still banning bitcoin not to be use in their government,think it will collapse their currency  but never know it's a decentralized currency that is not control by the government. Many countries really understand gold which is well legalized most of the country of the world. Many of their citizens are use to gold for investment and also use it to grow their businesses in the country.

I think Bitcoin has a long way to go.  It is not yet fully prepared.  However, the way people are associating with Bitcoin day by day, Bitcoin will soon be appreciated everywhere.

I think bitcoin is not yet ready to become world wide currency because it is still in development process. Also government still not accepting it because it was decentralized digital currency and every country has already a currency issued by the government and used by the people daily,

This is presently happening in my country, whenever I try bringing up bitcoin stuff I got neglected and those who can reply me will say it's scam but now I believe things should start changing since PayPal is now into Bitcoin and cryptocurrency, this will create room for more adoptions around the world, world wide one currency is still far away but world wide digital currency is already achieved, Bitcoin will remain the first and the best

people decide the value of crypto, because if most of holders refuse to sell their assets - price will go up, since demand is rising up and supply is falling down constantly.

If bitcoin is the world's currency, it doesn't mean it should replace national fiat. Your country's currency can still be used only in your country, but bitcoin can be used in any country. after all, why are you so dependent on the country and the government? can't you be independent without having to be financed by the country?

That is not how it would work. The fiat wouldn't stop even if we in crypto just use BTC. In fact it won't stop because the government is already up for digital fiat. The US government even has a whitepaper for the digital dollar to which they can certainly collect tax from it even if we use crypto.
Bitcoin also will not be a worldwide 1 currency.

There are such concepts as efficiency and purchasing power, and we will evaluate) Without the dollar, it will actually be even easier, and BTC inflation in principle can not affect.

Yes, if bitcoin becomes the world's currency I think maybe inflation can be suppressed but we still won't know for sure, because when a currency has become popular then at least there will be big changes that will occur so that the inflation rate will remain because of something being popular in that society will have a strong effect on the market.

This is not going to happen because bitcoin is never been in this position we have to settle many things for this and its really need some very serious intention and many other things fiat currency is going with his way and bitcoin or crypto cannot take this position specially for many daily basis needs or some other facts also need to be work out someone need petrol for his car and he cannot pay through this as its nature is unpridcitable and petrol price have to pay on spot which is really serious issue.

I don't think the Bitcoin is ready to be the first world wide currency as I've seen it's not yet fully accepted world wide and most of the information about Bitcoin and cryptocurrency is not yet adopted world wide also the lack of technologies and in needs of internet connection in order to make a transaction.

The idea behind bitcoin is that the government will have less control over the currency and i am sure in this day and age when government can come up with stupid policies that could ruin the countries economy and there are many instances we have seen the blunders in financial policies ruining the entire financial system and with bitcoin people can save their hard earned savings in a decentralized currency so that their valuation are kept intact and you should take these into consideration as well.

Yeah, Bitcoin is still very far from being accepted as a world currency. For example, for developing countries, there are various cultures and activities that can't be replaced with digital at this time. For example, such as payment and banking. Maybe in a country with a high level of technology, of course traditional problems are quite easy to solve, but with people with diverse cultures, they are still happy in a conventional and traditional way

Readiness should start with the people, bitcoin is just a currency, it will stay whether we use it or not.
Being a worldwide currency is possible because as of now anyone can use it since it's decentralized, so no one could stop.

However, if we are talking of adoption, it needs educating people about bitcoin which is not easy and unlikely to happen for everyone to understand the use of bitcoin as it's not really useful for everyone, look, we have fiat system, people get used to it already, so why change?

Because bitcoin is an online currency, how about online banking with fiat currency?

It's impossible for bitcoin to become a world  number one currency because every country already have their own currency which issued by the banks and their government. Also bitcoin is decentralize which is government don't want because they don't have full control on it.

Bitcoin is really ready to become a currency for people all over the world, but it is too early and Bitcoin's technology needs more improvement. At present, Bitcoin's confirmation time is too late and that is an obstacle to the popular circulation of Bitcoin around the world. More effort will be needed to make Bitcoin a world financially transformable currency. That depends on the programmer's efforts in trying to upgrade the source code for Bitcoin.

This corona pandemic definitely boosted the market share of Bitcoin's. In my opinion its a great opportunity for the crypto world. The last few weeks showed how strong the bitcoin market really is. The more investors we cam convince to invest in bitcoins the higher the prices in the future. And with higher prices the chances of Bitcoin becoming the first world currency rises too. It will probably take another few years but the possibility is definitely there.

Emerging as the world's number 1 currency is not an easy task. The current currency is used as a measure of a country's economic viability and growth rate. At present, the top currencies are established based on the economic potential and size of the economy of those countries. The emergence of another new currency as the number 1 currency is a very difficult and time-consuming matter. So it is easy to say that Bitcoin has not yet reached the stage of establishing itself as the number 1 currency. So it can be said that Bitcoin needs more popularity and time to become the number 1 global currency.

The idea of reaching  more peple and let them be involve to this system are being boosted by this pandemic situation, now that there are many people who realized that bitcoin is another alternative during this time, though there are lots of digital payment process bitcoin also gathered those who are learning the system and now using it to send their money or payments online.

It depends on what is meant by the world's number one currency, because an increase in the price will do absolutely nothing to achieve this goal, just as the fantastic increase in the price of Tesla shares recently does not allow us to say that Tesla shares are the number one currency. Bitcoin in its current state is not yet generally recognized as a currency and is very often recognized as an asset or property, in other countries its status is not defined in any way, and in some countries bitcoin is banned altogether. That's when the international monetary Fund will deal with bitcoin issues, and the Central banks of most countries will add bitcoin to their reserves, then only then can we begin to timidly hope that bitcoin becomes the number one currency.

How do you imagine that? 90% of bitcoin is concentrated in a narrow circle of holders. If they make bitcoin the world's currency they will be very happy to manage all of you do you want?

Bitcoin TPS is too low even for one country. How you can imagine it as world #1 currency?

USDT is just a stablecoin. Why bother using USDT when you can just use USD if we are talking about currency that's gonna be used world wide. The problem with bitcoin is that its scalability problem that would probably becomes even worse if all the people in this planet uses this and make so many transactions at the same time.
ETH for example, gets overflowed with the transaction and then suddenly the fee sky rocketing I couldn't imagine the scenario where its gonna be used by billions of people.

Due to pandemic people have to stay a their homes just to keep themselves safe. Because of these Internet is at most used and transactions are done online, the demand of Fiat money have been decreased while the demand for digital currencies increases, The increase on the demand on digital currencies may give a great impact on cryptocurrencies so expect an increased on value of every each crypto currencies.

Bitcoin essentially already expected to be the number 1 currency in the world but with the goes of time, all of the things were changed. This time bitcoin could be used as a commodity and storey of value and it has been making bitcoin to be the most potential investment last year.

I think that bitcoin is not aiming to be the world 1 currency but it's to provide the decentralization that will give people the freedom.

With what covid-19 has caused to the world economy, that is Still making some country economy not to stand Well.  Many countries currency devalue because of the spreading of corona virus which was killing people everyday by day in the country, that make the government to impose wearing of facemask and washing of hands all the time to help prevent the virus in the country.
During the pandemic bitcoin never dump than to keep pumping that was making other currency users believe, that  with time bitcoin will be the best currency in the world. Many country now show interest on bitcoin to be legalized in the country base on what they saw during the pandemic which bitcoin was rising and other cryptocurrencies where reducing in the market. 

considering the amount of crypto currencies in the market right now, it'll be very hard for BTC to be the only global currency. basically, that's what my opinion is.

^ many still do not understand about the main purpose Bitcoin was created. Since the beginning Bitcoin was not created to get rid of fiat currency but was deliberately created to be a decentralized medium of exchange and provide privacy to its users. Bitcoin will not be the worldwide 1 currency.

I think it need more supply than the 21M bitcoin. We knoe how many could people like to get bitcoin and that the only supply is 21M. High chance that bitcoin market will go up to hundred of thousands of value per bitcoin and I do not like to hear any kind of that value. Only the rich people could afford could afford to buy bitcoin if bitcoin will touch its market price like a hundred thousand dollars per bitcoin. Hopefully there could be some ways to modify bitcoin system to accommodate the demand of the people coming from around the world.

Bitcoin is the most popular currency in the crypto market the demand for bitcoin is higher than fiat currency it is decentralized and has no control over the government so it can do whatever it wants. This is why i think bitcoin is ready for the 1st currency worldwide in terms of decentralization though not in a centralized way it is unmatched by any other currency and is a valuable resource for future savings.

As much as a whole community of people that would want that, it is currently impossible to create something that the world would agree on specially its about currencies. Its only natural that the virus would scare people to have something physical that might transmit the virus but it would be important that countries should focus on how they would mitigate the effects of the corona virus. Maybe they should implement local electronic wallets that people can have access to, in that way, their fear of holding money would be lessened.

I don’t think so. Bitcoin is not yet possible to become the world’s No 1 currency. Even with this pandemic, there will be inflation due to the economic crisis.
The country prints a lot of fiat money, which will influence the adoption of bitcoin.
And now proven that many adopt more bitcoins which causes the price of bitcoin to increase. But this is only for investment assets,
not for other services. So the use of bitcoin is still limited, unlike conventional money, which controls various aspects of service.

Maybe, but not a number 1 currency. Let's just pay attention to a television and a radio, notice that you have a television for a long time but we still do not lose a radio. It's just like fiat and a digital currency.

You made a legitimate point because printing of more cash means that there will be more fiat transactions and while adoption of Bitcoin is every growing but still there is a long way to go before we can actually consider bitcoins as the single currency for all the countries and for all needs. There were ideas about opening shops that can accept BTC payments but a lot of ideas died because of the confirmation time and small problems like that.

In that case I would instead give the example of how the evolution of LED televisions did not stop people from still using and buying the LCD ones because one cannot dominate the other completely. Similarly fiat is the more dominant one right now but slowly the crypto transactions are increasing without a doubt.

I think it will take a long time for bitcoin to be turned into a currency around the world because for now my country still prioritizes native currency and with the emergence of Corona jobs are increasingly difficult and affect the economic system,from there, many residents may not be able to try bitcoin as a means of transaction.

It's to early to say that, but Bitcoin in long run more like a commudity similar to gold, and treating it as a currency won't be that easy. Though wit can be done with the help of satoshi model for piece of Bitcoin which are called satoshi.

I hope that one-day bitcoin is only the number one currency worldwide some country is not allowed bitcoin but slowly involved many countries worked with the bitcoin, so hopefully we expected that bitcoin is one of most number one currency one day. Already a thousand of shopping with pay bitcoin enabled worldwide.

Yes Bitcoin will take a long time to get ready for 1 currency worldwide. Bitcoin is not used as much as Fiat currency around the world and many companies have not started using world wide 1 currency. The governments of each country arrange for the circulation of their own currency. China is already introducing it's own currency to boost its economy. But most of the people in the world don't have much idea about these currencies so will take a long time to get ready for Bitcoin 1 currency. Although the demand for Bitcoin has increased due to Corona the demand for domestic currency is higher.

If there were no fiat currencies, then the capitalization of Bitcoin would be equal to the value of all the assets of our planet. 

Since the number of bitcoins is limited, then as goods (works, services) are produced, their price (expressed in satoshi) will constantly fall.  We are currently living in an inflationary economy.  We are used to it.  It is difficult for us to imagine what could be otherwise.  However, perhaps in the future we will live in a deflationary rather than an inflationary economy.  It will be an economy based on digitalization, virtual reality and Bitcoin.

It seems to me, behind the scenes, bitcoin is already, if not a world currency, then a symbol of a free world currency. Bitcoin does not recognize restrictions and controls, this is what we get used to all our lives, to the fact that we are controlled. All financial transactions in the world are controlled. If the banks don't like something, they can send you into a hole. Bitcoin is a chance to find freedom. But it is too early to become a world currency, the volatility is too high, the risks of ordinary citizens are too high.

In terms of supply bitcoin is found within the top 20 list of currencies. During the peak rise in the value, it reached the eighth position. In one way or the other it has gained importance as an universal currency. Universal currency can be accessed anywhere according to the country's own fiat. This isn't possible with every currency available in the world. This is what makes bitcoin world wide 1 currency.

Indeed, that is because the bitcoin itself is decentralized, meaning there are no groups of people or organizations taking part in this currency or running this cryptocurrency. Bitcoin has already achieved being famous around the world, by simply being used by many people especially investors all around the world. Although there are still countries that are banning the usage of Bitcoin, we are hoping that they will recognize the essence and the benefit when they use it, which is having the fastest and safest mode of transaction worldwide. We are also hoping that through time, the bitcoin itself will innovate.

Of course Bitcoin is not ready to become a world wide 1 currency, there are still many obstacles from Bitcoin that have not been fixed.
Moreover, to become a world wide currency Bitcoin must be accepted at least 60% from all countries in the world, whereas now very few
countries accept Bitcoin. I think Bitcoin is currently very suitable as an investment first, after the majority of all countries in the world
accept Bitcoin, Bitcoin deserves to be considered a world wide currency.

 :o :o :o it's totally starting to look like it will be very soon

It will take a very long time for Bitcoin to become the world wide 1 currency. There are still a lot of country that don't know or believe in Bitcoin.

I think what is the problem now is not only from time but you should be able to see that it requires a very large supply of bitcoin because if the supply of bitcoin is very low, the price will be more expensive and of course the transaction fees will be high.

It will never be a number one in terms of being the national crypto currency but all I know is that it will be a prominent crypto currency when it comes to online transactions and payment method on the internet. The adoption of it would be so huge in the future, we just need to wlbe patient.

It is true it will take long time for bitcoin to overcome dollars , and yes bitcoin supply and demand is not that balance, that is why bitcoin fee will become more expensive than our expected price fee, If those countries will accept bitcoin too like Algeria, Bolivia, Morocco, Nepal and other countries maybe there still a chance that bitcoin price will be more higher than the price today, and if 1 people in their country have the courage to introduce it into market as a payment method too it will be great.

Not yet now. Bitcoin isn't currently ready for world wide number one currency. In terms of value, it can be considered that Bitcoin has high value rather than any currency of the world. Value means converted to fiat currency here. In other sides, it is not ready for being number one right now. It is not legalized to use in all the countries of the world too. So it will take time to be number 1.

If we assume that in the near future Bitcoin will be used all over the world by at least half of the world's population, then in my opinion there will be a very big problem due to scalability. During this period, the speed of transactions does not meet the demand and People will wait too long for their money transfers to complete their transactions, and today this problem is acute for bitcoin.

In fact its not possible because bitcoin cannot manage things for daily life even you are living in developed country because of its nature which in unpredictable if someone going to buy stuff on petrol pump as he is paying rate can go up or down which can create problem and many time transactions stuck which is also another serious issue like this we have many things which are not possible for set so its not going to happen in next few centuries.

There will be development in the future, and since we can't change the speed of processing or the fee, there's always a 3rd party that will give solution to that. One example is the lightning network, this is already adopted and it's increasing.

https://www.investopedia.com/terms/l/lightning-network.asp

Perhaps digital world wide currency is possible but if you change a Fiat currency with bitcoin to become a worldwide currency it is impossible. A lot of things to consider... Not all countries are already accepting bitcoin, they didn't even  allow their people to use it. Bitcoin is too volatile to become a worldwide currency. Also it always needs internet connection to use and make transaction.   Not all people know how to use it specially those who live in a remote areas.

With what people saw during the lockdown show BTC is ready for worldwide 1 currency because many countries currency devalue during the pandemic, that was making people to wear facemask and washing of hands to avoid the corona virus that was killing citizens all over the country. Bitcoin never dump during the pandemic that was causing many countries economy to start reducing to zero level which was causing some citizens hardship in the country, that was causing the government fear, how to raise the economy back to normal in the country.
Bitcoin is still maintaining the position of steady pumping that is making many investors to join the platform to invest, so that  they can make something reliable from their Investment before the end of the year. 

Bitcoin is prepared to be the around the world money, but tragically, not all nations will agree with that. That's since they cannot control the money stream from bitcoin, and they don't know what the purposes of each exchange that's made within the blockchain are. They require something that they can control and know, so possibly the government isn't prepared by doing that. Its a mystery what will happen within the future as the government can alter their intellect to utilize bitcoin as their cash.

It is prepared or at the very least made for this, though the fact still stands that bitcoin is not ready yet to become a global currency. See, for one to become a global currency, it shouldn't hold too high of a value that other people will have a hard time ven owning just one. Which in this case bitcoin is, if we are to water down the value anyhow, the investing industry will go nuts because that will be a big loss for them. Not to mention it's volatility too.

I don't think so, bitcoin and other cryptocurrencies are only good as an alternative currency for fiat, it cannot replace fiat so it cannot be a worldwide currency, the volatility of cryptocurrency makes it impossible as the standard currency all over the world. Imagine if you are going to buy something in a Sari-sari store, do you think that it would be possible and convenient to use cryptocurrency for payment? that is not good because it requires first the internet and device which is not good for having fast transaction for that thing.

Everyone should embrace bitcoin in order for bitcoin to be fully adopted, however, I don't see it happening even in the long run. Bitcoin during the early stage was already declared as an alternative currency, so it cannot replace the usual currency we are using that is based on centralized system.

It's okay to hope for success of bitcoin but it's unrealistic if we think of these things.

Bitcoin has always been in the first place in the world of cryptocurrencies. Notice that the world economy is in turmoil today. The COVID-19 has paralyzed the economy of almost every country. However, the use of Bitcoin has been increasing since the virus attack us. But whether or not the value of Bitcoin will be in USD depends on your risk.

The recent rally in the bitcoin market shows that there is a huge demand for bitcoins. We shouldn't forget that most economies around the world are still hurting due to the corona pandemic. And still bitcoins are so close to a new all time high. Which such a good run this year I am confident that bitcoins could be used as number 1 currency in the world. We still need some more infrastructure but that could happen in a few years.

Bitcoin can truly assist you to store the value of resources you're holding at this kind of emergency circumstance but still bitcoin isn't acknowledged in most portion of the world you'll discover difficult time on investing it as crypto as well. If the fiat cash loses its esteem due to crown out break within the close future the esteem of bitcoin will certainly to the moon.Bitcoin has great future,still we are in the early age who missed this stage will have big regret in the future.

In my opinion, it's not about bitcoin wild or anything, it's about this new concept of bitcoin that cannot be accepted by every country.  Because there will be many problems that the government deems to be very dangerous.  Such as vulnerability to money laundering, hacking, etc.  Even the current government does not want to bother converting bitcoin as a legal medium of exchange in the country.  Because every country has different laws regarding the rules of exchange that are legal in their country.  The point of this lies with the government of each country itself.  Not about bitcoin.

The hype of bitcoin was gone due to christmas is near and some of them are needs some financial and those are came from bitcoin to support their daily needs, And yet bitcoin was fail to surpass its own highest price but it was a good run for those who invested already in bitcoin , i couldn't agree more if bitcoin will became a number one currency in the world however lots of countries are still not legal to use bitcoin this could be impossible to happen if bitcoin will become on that someday maybe government will try to control it.

If all countries had agreed and already recognized bitcoin, I think bitcoin could become the currency of the world.
But for now the currencies of bitcoin and fiat are still needed. And not all countries also allow people to transact with bitcoin.

When looking at cryptocurrency in generally it's obvious that bitcoin dominating across the world, and if I said that many people preferred bitcoin more than fiat currency I'm not mistaken due how influential is cryptocurrency especially bitcoin in the world, it's only few countries that haven't adopt bitcoin or legalized it, which I will  can say is uncountable, so based in that aspect I think bitcoin is now a worldwide currency,

I don't think Bitcoin alone could ever be enough to be the single currency of the world. While it does go to many decimal places, a fixed supply of 21 million just makes the circulation amount far too small for this purpose. There are many micro transactions that take place that it wouldn't be able to support efficiently and it's easy to forget but not everyone has easy online access available. Bitcoin has shown the possibilities but it feels like another iteration will be required to solve such a problem and even then, maybe people will never accept the idea of a single centralized global currency because it will be bad for economic control needed by governments.

Bitcoin was not created by governments so they are not going to accept it as their money over their fiat money. But butcoin can act as one of the payment modes if government feels that regulations are better than banning it completely.

In General, the introduction of a single world currency looks like a utopia and is not feasible at this stage of human development. It is one thing to talk about the number one currency in the world, which is quite real, and quite another to engage in near-scientific fiction and talk about a single world currency. In addition, even if such ideas are feasible and bitcoin will claim this role, it will really need to make changes to the bitcoin program code and the resulting product will be very different from the current bitcoin that we are all familiar with.

What he is trying to say is the complete adoption, where sellers will easily accept bitcoin anywhere because bitcoin is accepted anyway. The current status is not on that level yet, sellers are still afraid of the volatility that they might experience a loss, and government are not yet fully clear whether they will support bitcoin or not, and that pose a big risk to the business.

IMO, the time will come, the adoption might be slow but it's steady but it will never come into the point that it will replace fiat.

Asia has done far better then most of the west, partly through experience and far stricter rules some voluntary and some not.    I expect Asia to come out of this far better off because they have had this trouble so often in the past and wearing a mask over your mouth is basic good manners to not spread any illness where in the west often its become poor discipline through misunderstanding.
  There are long lasting changes, we note the increase in distance & likely some will be long term and not every change will be a negative as progression was always going to be a requirement to enabling modern economies.
Traffic congestion has always been some negative and cost to society so I'm glad if less people spend 2 hours commuting a day, it shows inefficiency with productivity lost daily when we can take a new path.   I will always take the basic rule of capitalism as efficiency is what gives money worth with correct distribution making society richer; when we distribute via government, QE and political policies we lose efficiency and ultimately our wealth.

   BTC is best taken as part of the trend to change in the world, not just this year 2020 but does it have a place overall in transition away from the ww2 monetary system which has turned into purely political money and too biased to economies in the west rather then aiding growth in the world and developing in Asia especially.   The basic requirement for a currency imo is stability, the highest order of money is security not wealth.

They'll never be just 1 world currency, I wouldn't believe that description of any standard.   Competitive markets wont have just one solution, so currency I wouldn't expect differently

Bitcoin not getting accepted in some other countries is already a huge factor already in Bitcoin to be a worldwide currency.

Bitcoin to be a worldwide currency is just not applicable to it. I can just say that it can be a worldwide alternative currency to be used in case you don't have any fiat on hand but to be on the top currency, I don't think that it will happen.

I guess I would partly agree with you. Bitcoin can be used as currency, but not for everyday purchases. Right now Bitcoin network is not ready to be a good payment gateway, because the commissions are too high and the speed is low...

How bitcoin could be #1 currency with so low TPS??

Bitcoin need not to be ready because this is a material to be use and always in the availabilities .

What you need to asked is the people like us,are we ready to use Bitcoin as single currency?can this be applicable in our daily usage? can Bitcoin be use in all merchants?

the answer is NO,we can't even use this in Groceries in many countries and even in many countries Bitcoin is banned so how will the world use this when this was not even recognized by some governments.

we need more time and education first before the world finally use this but will never happen to be a single currency ,Fiat will remain and many countries will stay that way though they will allow Bitcoin to circulate in their country.

You're right but I think that's not the basis for bitcoin to become a worldwide currency because not all are using bitcoin. Many people still doesn't know about it and others doesn't know how to use it. Bitcoin is just the king and number one digital currency, and an alternative to fiat.

People in the offline world have no idea about Bitcoin. A handful of people online(internet) know about it. Again most people out there like Bitcoin badly coin. Being associated with the internet, it can be said that it is the only coin to rule online. Bitcoin, does not care about any fiat currency or measure, like as Gold.

I think the right question should be "is the world ready to accept bitcoin as number 1 currency". The blockchain network is an incredible piece of technology. My advice is hodl your coins because they are going to be worth a lot in the nearest future

Just because of the reason that people are scared to hold money or paper currency doesn't means that we must use bitcoin in every transactions. There are online banking in which you can enable to make a payment and transfer without holding your paper money with your own hands. Bitcoin will never be ready to be a world wide currency because no matter what happens, bitcoin will be always second to fiat currency and never will be the top 1. If there will be no fiat currency like USD then probably bitcoin will be no value that's very simple.

That is not the point, we just only use bitcoin as an investment place only, no more than that. Indeed, we can do anything with bitcoin but we have government and they will restrict the utilization of it. Like in my country that can be allowed to use bitcoin as a trading/investing place only no more than that. And I guess, the purpose of the OP's question is can we use bitcoin like money fiat across the world? And I bet the answer is no until whenever. Unless all governments in this world accept and regulate bitcoin as means of payment besides their money fiat. Can you imagine how did this situation come about?

I don't think Bitcoin is ready for this kind of responsibility as there a lot of factors that hinder it from replacing Fiat like Bitcoin is not even yet fully accepted in other countries, countries that have limited access to it, too much volatile and more. Perhaps it could be another way of payment though. I partly agree that people are now having doubts about holding money for fear of getting contaminated but it's been already solved by online banking which allows people to process payment without having contact with those paper bills and coins.

As bitcoin's marketcap will continue to increase, its chances of getting to the number 1 spot will continue to rise.

We can see the ranking here.

https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin is currently at the number 9 spot with 800 billion marketcap, but 2 Trillion can be surpass anytime since it's all of us are investing on bitcoin.
2nd in the spot is Apple, it's a huge company but it's possible to surpass them, I don't know about gold, probably we have a chance but a few percentage only.

My opinion is that BTC is not ready to be a world wide currency, and there are some reasons like this is a fiat currency and has a high risk of falling price of it and doesn't have a value like gold or other minerals that can maintain it's value. Also, it has limited amount of coins and this will be reason of high value of bitcoin. So, bitcoin now, is not ready to be a world wide currency.

We still have a long way to go before we can be adopted currency world wide. There are still many things we have to address in order to be legally accepted and used globally. Right now, there are still many countries hesitant to welcome bitcoin yet. The list of the countries where bitcoin is legal and acceptable is still short, compared to the list of countries who deemed bitcoin as a threat and nest of illegal activities.

It would be such a great news to the community if ever the time comes that bitcoin would have many users around the globe. However, we still need to work and sort some things out such as: processing time, transaction fees, security, and notification/alerts. By doing so, we can acquire and encourage more people to use our platform and invest in cryptocurrency. Moreover, we should also educate those people who are unaware what bitcoin really is and how it works.

Most people in mainstream media know bitcoin as a form of scam that steals money from other people. They perceive it as a pyramiding scam and even Ponzi scheme because of lack of knowledge and understanding. You see, there are a lot of spam messages, invites, and even posts regarding bitcoin. These people encourage others to click the link they have given and will talk smoothly to their target to invest their money on them, promising high returns. Then later on, the scammer's presence won't even be felt by the victim. Thus, many people are having trust issues and have a deep hatred towards bitcoin.

So I suggest that we take into consideration first the things abovementioned before diving into the vast ocean without a life vest. Just my two cents.

It can be a worldwide currency if it's accepted worldwide, that's all we need to see.

However, with bitcoin status in terms of payment system, I doubt it could compete to a centralized system that is cheaper and faster.
All bitcoin can guarantee is the decentralization, but people needs more faster and cheaper transaction, so they will stick with the current system as government are also going more on digital.

I wonder - then why aren't developers implementing Lighting network or other updates to the blockchain? After all, then the problems with speed and fees can be solved...
For example ETH is going to change its algorithm at all...

As for me, Bitcoin is already ready to be a worldwide currency but the world isn't ready to have it yet. Lots of people are still afraid to replace fiat and they don't want to take the opportunity of having Bitcoin as a currency. The world still needs to adopt it and see its worth as well as the advantage of using it. It's a good thing that lots of huge companies and businesses are now considering it as a currency. I think people still need to acknowledge it and be educated about the real importance of cryptocurrency.

No need to worry. As fiat is like a tool that government use to control the country economy so it seems that it's hard to see fiat no longer used by people. But if it's happen then people must be have other payment method, for example maybe people will use gold or maybe something new then bitcoin will be paired with that in exchanges site. Or maybe people choose bitcoin and other cryptocurrencies as main payment method which is very good for us.

As much as i like BTC and crypto in general. It is not feasible as a replacement for fiat as it stands now due to highly volatile nature and speculation.
However it is already a world wide currency, and its use is encouraged highly!

I see the possibility that Bitcoin will be accepted by the whole world, the problem now lies only with the government that has not been able to make regulations regarding decentralized digital money. Those who are bankers or with modern financial backgrounds will perceive anything that is contrary to the centralized economic system as a threat. So that for technical problems, the speed up to the costs incurred for each transaction can be resolved if all regulations have been integrated.

The chance is always there, digital payments are being accepted and embrace now. With more people to start using this system
the very possible that it will recognize as top currency.

On the otherside, most government will not accept this if Bitcoin will continue being untouch, for sure those government leaders
will always wanted to have the full authorities of thier currency.

For your topic title bitcoin is already a top currency in the world. But for your description we have to think twice. Well, it is not possible to stop paper money. Its little bit tough. But bitcoin could be used for as a mobile financial bank. Like we use paypal. But in our mobile pay service we face sending limit. But in crypto we did not have to face any sending or recieving limit. Plus do not have any hold type problem.  If bitcoin allows all countries then it could take place of our own mobile pay. Because people will loved to use limitless service. Thank you.

It would be quite logical to assume that with the disappearance of fiat currencies, bitcoin and other cryptocurrencies would have a huge demand. But it would also lead to huge unrest on a global scale. Still, do not forget about those people who know absolutely nothing about cryptocurrencies. They would have suffered the most.

Bitcoin is not a perfect cryptocurrency for world wide 1 currency. Bitcoin is not stable and many government are not adopting bitcoin as their legal currency. It is decentralized and bank is not adopting it. It needs more time to adjust.

Don't really like that. There are a lot of crypto holders and traders. They really prefer investing crypto, but there're still a lot of people who are not fond of crypto or even knows nothing about it, so they are holders of physical cash. Think nowadays there’re 30-35 % of those who invest in crypto, other 65-70 % are totally fiat users, some of whom believe: crypto is fake. Sure, it’s only my opinion and I can mistake.

as a currency? I think not yet, and maybe it will only become a segmented currency.
I mean, bitcoin might be only suitable for big transactions, or for people who have a concern with their privacy (like a high level of privacy).
bitcoin for me is a digital asset. I do accept bitcoin as payment but I prefer to choose other cryptocurrencies with faster speed, low volatility, and cheaper tx fees.
I usually used USDT TRC20 to transfer money or for microtransactions.

Bitcoins have already succeeded without a doubt as everyone is talking about crypto now days and if you look at the market cap of all the cryptos combined it is humongous which confirms the success toward world wide only one currency. I still feel like there are big whales controlling the whole market at their fingertips and we are only part of the big game played by them which makes bitcoin more volatile and making more people to hesitate to adopt bitcoin. Because, when more people adopt then it will become more easier as world wide one currency.

Well, I don't want any crypto to become a worldwide currency.
If it happens people stop using the fiat and the government can become poor which highly affects our economy.
When we buy something we pay some taxes to the government which helps to develops the country.

If we stop paying our government then it will be awful for us.
That's what bitcoin and other cryptocurrency are doing these are tax-free and that that's the main point why governments are against it and they don't want their people to involve with it

Bitcoin is not ready for 1 worldwide currency because cryptocurrency is not legal in all countries and is not supported by the governments of many countries the use of bitcoin is only possible in a few countries not many countries in the world use it everyone is able to use Fiat currency. Poor countries buy and sell everything using fiat currency that's why it will take a long time for bitcoin to become the number one currency. Improving poor countries and supporting governments around the world is possible.

First, it should be allowed by all countries. Means, all should regulate and accept bitcoin in their own constitutions which is hard to achieve specially that some doesn't have the guts to enter crypto because of its volatility. Second is taxes which made some government to avoid Bitcoin. Maybe in the near 20 years, where all are in one government, one race, maybe BTC would find its way to dominate such ambition.

Bitcoin bubble is quite crazy but anytime it goes that much up exchanges are empty then would be really cool if I could pay using my btc cause it’s money

I agree with your first opinion because accepting something means that they are open to the opportunities that Bitcoin and other Cryptocurrencies can present in their country. Second, taxes can really be a big thing when applied to Cryptocurrencies because there are already gas fees when using cryptos in transaction and we really have to keep the volatility of Cryptocurrencies in mind so there would be immediate actions when a sudden increase and decrease in value happens. Bitcoin will be always there and its just a matter of time when countries took the time to take advantage of it.

in my opinion bitcoin is not yet ready to become our main currency, even though bitcoin is the highest value cost about $50000/btc bitcoin still not popular to country that not interested in digital currency and some of those doesn't believe bitcoin exist. i think bitcoin must be advertise to promote to the world and bitcoin block chain should enhance security,

Bitcoin can never be the mainstream currency of the world. Currently to do so bitcoin has to replace the Dollar and must be accepted across the globe as a currency and payment method. With its limited supply, volatility and speculations it can not become the global currency.

It has some others reason too. Bitcoin is a decentralized currency and government/banks are not able to operate it as their sweet well. The price of Bitcoin is not fix and obviously supply matters here.

Perhaps we are talking about a larger-scale use of cryptocurrency in the daily life of a person and in the financial and economic process of each country. It seems to me that solving this problem requires not only government support, but also a more developed infrastructure. In addition, one must take into account the fact that the main focus of the opponents of cryptocurrency, including governments, is the use of cryptocurrency by fraudsters and the inability to protect society from a possible fall in cryptocurrency prices.

No, i don't think bitcoin is ready. In fact, even making all countries use the same currency is a hard task already, and even with the pandemic, people still can use digital money in their currency, or do cashless transaction. We don't necessarily need bitcoin for that.
And i'm still wondering that too, if bitcoin will be the only one currency, how can we measure that? what's the comparison? and what can control it? I'm not sure bitcoin can work the same as how fiat works, government may have difficulty to control it as well, so i guess it might never work.

One way to make bitcoins the world #1 currency would be if could make sure that everybody has access to the Internet and a smart phone. So once everybody has a bitcoins wallet on their phone we could start paying out salaries in bitcoins rather than FIAT. And since most countries would prefer payments in digital form rather than cash they would adapt quickly to the new trend. Unfortunately it might be to hard for the older generations to adapt, so it could take another 10-20 years.

I can't agree with this. Bitcoin is not yet ready for it, it is still good for a certain consumer to have a physical cash on itself,not all people have the enough knowledge towards cryptocurrencies and there are still some countries where they still ban bitcoin to be used in their place.

Before Bitcoin will become a world number one currency, they have to arrange and provide all the necessary building like banks, ATMs in all communities, and there should be a very strong internet facilities around all the villages in the whole world. When all the devices are put in place then we shall know that they are about to use crypto currency (Bitcoin) to over take the international transactions space.

As it is, we have not seen or noticing any like that. For now, the world is still battling on the adoption of crypto Currencies wether to accept or not to accept it. Even the countries that have accepted or adopted it in their countries to use the currency has not approved it for National use but as an alternative currency.

Before Bitcoin will be used as an international currency, there are procedures which all Countries must follow.

Totally impossible and always consider out.

1. Regulation issues
2. Adoption in different places in the world
3. Human knowledge about its existence
4. Security/Volatile

We know that Bitcoin is great but on different aspect which no matter how it would do make out some progress or success in the future
but that wont be enough for us to day or presume that it could replace fiat anytime soon or in the future.

I don't think it's ready, I've read articles about bitcoin owners, even more than 50% of the bitcoin stock is controlled by less than 1% bitcoin holders, this is certainly very dangerous if bitcoin becomes the world #1 currency, while the world population of almost 8 billion is certainly more many don't have bitcoins.

no absolutely not. We must be honest and fair and protect people from total devastation that cryptos can bring.  While a small percent of cryptos do increase in value over long time frames, bitcoin and the other major cryptos are almost guaranteed to decimate holders at least once a week and often several times a week. Bitcoin goes months and days with multiple decimations. NO one can live with that.  

There must be a new system that does not decimate people EVER let alone every week it ever existed.

I propose a new economic system that is decentralized and cannot decimate users ever.

I have been in crypto from before day 1 and I know it is not a reliable value metric.  It is worse in  regular and relentless crashing and corruption than wall street. The same kike kunts from nasdaq scam days are knee deep in  "press friendly" crypto.

I tell anyone who asks the truth. It crashes a lot, as in every week and often everyday. You are almost guaranteed to lose in the short term.  tell  people the fact that it is gambling at this point, with many years like the last year where crashes are weekly events not 1 in 10 year events

right, of course bitcoin can be monopolized later and the country's economy can be driven by a handful of people. Just imagine with a limited supply of 21 million, while an investor can own more than 1 bitcoin, there will be fewer bitcoins on the market, especially if many make it an investment. of course this will make it difficult for people to get bitcoins which results in higher prices, and this can be used by giant investors today

In fact fiat money is still being used until now, in my opinion, even though corona is associated with humans, they can't hold fiat money, it's just a myth, Bitcoin is a digital currency, but for now there is no country that implements a Bitcoin policy as a means of payment and transactions, so relax Bitcoin will not be a dollar.

Bitcoin may not be ready for a change of purpose, the reactions from demand are obvious but I think bitcoin's intrinsic will make the world a better place by their existence and sheltering people in the first fiat war.  I think there should be no exception to this and do not expect other needs to wake up.  By representing/maintaining parallelism in both ways it can allow.

Answer of you question is not simple. As the world growling rapidly, many think everything will soon going to be cyberpunk style and soon we see flying cars and other fictional things but in reality about 80% of world is still living in old age.
Wither we are talking about BTC or any other digital currency, we are not yet ready to accept it worldwide because the while world is not yet there what we think.
But there is no denying how far we came after the first release of Bitcoin and how big impact it has on the world economy already.
There are still so many obstacles like and informing peoples what the crypto itself is and then to over come its uncertainty and other factors to fully accept worldwide. We have longways to go and we are doing it slowly.

I think the question here is, is centralization ready to give way to decentralisation or are governments of the world ready to give up on the benefits they get from having to control what goes and don't in there nation with fiat currencies? One look at these and yiu cab tell the answer is no. We live in a world we claim to be free but no one is really free. Your freedom is what the government defines it to be and within the context of a constitution.

Bitcoin is freedom and the governments of the world isn't ready to give the citizens of the world that. In regards to the outlined, I doubt bitcoin would ever be a world currency although, it could function alongside fiat as it does now, just with a lot more used cases with regards to direct acceptance by merchants.

if you look at the current development of crypto, bitcoin is indeed very suitable as a world currency. Today's extraordinary developments make many investors believe that their money will be safe with a decentralized system. however, to make bitcoin a world currency takes a lot of time and effort. This is where the weakness is very difficult to overcome. people who don't know crypto or are still primitive is a very big factor for us to implement bitcoin as a world currency.

hmm but you should not rule out the regulation of bitcoin now and the volatility they have today.
Even if what you say makes sense, but again, government regulations and the reason they apply these regulations is because it is very difficult to control bitcoin, I don't think it should be put aside.
it would be impossible if something that is very difficult for the government to regulate they will make it the number one currency in the world

Fiat currency is still being used en masse because the government's role in encouraging the use of bitcoin is still minimal.  Besides that, education about Bitcoin and other crypto-assets are really not evenly distributed, even in big cities there are still many people who don't understand what bitcoin is even though they are always up to date on social media.  Bitcoin is ready to become a global 1 currency when many people already understand what bitcoin is.

It is by all means, people aren't familiar with bitcoin does not equate to bitcoin lacking the qualifications to be a global currency, what i expect you to say maybe is that it could be a serious challenge for the developing countries where technology is yet to advance and places like that with time, they will improve in development to be able to meet up the global digital standard, should in case you still exercise some doubts about bitcoin, it is a medium of exchange just as USD but in a digital form.

developing countries with large populations, will need time to socialize especially with the level of age difference, which will be more difficult for those who are old. on the other hand, if made into 1 currency around the world then this must have the same agreement from countries around the world, and this is not easy to do, especially with high fluctuations, of course it will be easy to be driven by a handful of people who previously had large amount of bitcoins

Holding large amounts of money is a fear for some people. Those who understand that inflation will occur every year that passes will make the money they buy lower in value. The only best way is to invest in crypto platforms or stocks. Fiat has not been replaced until now and talking about loss is very unlikely, especially since using bitcoin as the main medium of exchange is difficult to implement in all regions of the world. We must know that some people still live primitively, they are still lagging behind in technology. So it is still very difficult to be able to complete an exchange using bitcoin in a short time.

Currency is only a currency when it gives value. If the USD cannot afford any goods or services, that means it is valueless and it will cease to be a currency. Likewise bitcoin, bitcoin is a currency because it has value, but it's value is not mainly on direct purchasing power because of slow adoption. The btc has value because it can be exchanged to fiat. The value of bitcoin is because fiat exists and there will never be a time that btc will be the only currency. There will never be a time that any fiat will be the only currency. But what will happen is that bitcoin will be the highest capped currency and gives users some privacy which fiat cannot give.

Many people who are exposed to such fears start investing in cryptocurrencies and they develop a new fear. When bitcoin goes into a deep correction, dropping in price by 30-50% in a few months, people may panic and sell all their assets and put everything back into fiat, thinking that they have saved at least some of their savings.

This all happens because of poor understanding of the behavior of such volatile asset as bitcoin. But as practice shows, even if bitcoin will fall in price during 2-3 years, eventually it will grow and will bring profit from initial savings and, correspondingly, will save the value of your initial assets.

Young investors before and after the purchase need to study bitcoin more and not depend on market sentiment.

Very well said , Bitcoin can only be the number 1 in cryptocurrencies but in the world that fiat is very useful than Bitcoin. Like as you said fiat is mainly use for goods and many things that we want. We know that this two are different uses in different  places. We just earn cryptocurrency for exchanging to fiat and use in anything. World's need fiat for capitalization and Bitcoin needs people to be a useful too.

youll be lucky if bitcoin isnt shut down globally  and all the bigshots executed at this point. fucking god damned evey cfucking day it dreops

cheer up bud, it's not as bad as you think it is.

for you. MY family is dead and or kidnapped.

For now of course not, the biggest problem when we use bitcoin is the transaction fees are getting more expensive, if people can buy donuts for $ 10 with cash then there is no charge, but if we want to pay with bitcoin then it takes $ 25 which consists of $ 10 donuts and $15 transaction fee.

You are right, this time will come much earlier because! What is the point of “Stablecoins” pegged to the dollar or to any Fiat currency if they can be printed as much as you want?
It is a necessary condition that the Fiat issue depends on the total real volume of the decentralized world economy, and not on the whim of the local authorities, but these are my fantasies.

Yes, because there are still people that knows what bitcoin is and what is its use and they are more than the people that does not support btc. Most countries are still developing but I believe that each of those countries already have access to internet. This is the main thing that bitcoin needed.

The only thing that can hinder for the people to use bitcoin is if its banned by the government. Bitcoin is a medium of exchange but not totally the same as usd that has a limited supply. It is also not centralized, these 2 factors can also affect the possibility of bitcoin to become a world wide currency. Other than a medium of exchange btc is mostly being used as an asset.

To be the currency of the world means that bitcoin has to be approved by all the governments of the world, which is not possible. We all know a lot of countries hate bitcoin because of its decentralization, typically mainland China.

Also, due to scarce supply and fluctuating value, I prefer bitcoin as an alternative means of payment in some cases, to be used as an investment asset rather than a common currency of the world.

It is easy to claim that Bitcoin is ready to be only currency, but is the world ready for that? I think not. Countries can not come to an agreement with many things, and the issues with single currency will be unsolvable.

The problem of Bitcoin as a one and only currency is lack of having physical Bitcoin, or cash. There are places where there is no electricity, network. How can people will be able to pay with Bitcoin there? How will they be able to check at the very moment, if buyer has paid? Trust is not a solution. 

I think it's still difficult to say bitcoin is ready to be used as a global currency, the thing that has always been a problem is transaction fees are getting more expensive, if users increase 10x from now of course the transaction fee to send $10 can cost $100, this is a big problem and must be resolved immediately so that transaction fees become cheaper or free.

I think that BTC has always been the number 1 currency worldwide, the fact that countries through their corrupt rulers and bankers do not accept it is something else.

For me, BTC has been so dynamic that they can no longer wage war on it, because the world economies that are believed to be powerful are more fragile than ever, in fact for me the world economy is like a bubble, at any moment it falls and leaves of being in the superiority that they try to show.

For me, the best thing now is to try to buy everything you can in gold and BTC, that is the best way to protect yourself. Many talk about diversification of money, but for me BTC is superior to gold or any other type of investment, but it should be taken into account that diversified investments are the best option.

I think it's too early to see Bitcoin become a global currency besides that there are still many problems that need to be fixed,
as you said one of the problems and of particular concern is regarding the high transaction fees,
but it will be interesting if it is true that Bitcoin becomes a global currency and let's see later

If you look at the current cryptocurrencies user data, which reaches 500 million, it doesn't seem ready to be used as global currencies, besides that, many users complain that the current transaction fee is around $12 if you send it from a private wallet, but it can be more than $17 if you use exchanges.

Yes, the main problem that must be solved is the expensive transaction fees,
so I think things like that should be addressed immediately before talking about Bitcoin as a global currency,
other than that it's too soon to say Bitcoin is ready for it and I also don't see Bitcoin ready to be used as a global currency

I think within a short time it will BTC will be the only currency all over the world cause in a wair period we see lots of countries trying to this the main currency and also some county trying to make their own currency so we can see very good something within a short time.

Bitcoin can truly assist you to store the value of resources you're holding at this kind of emergency circumstance but still bitcoin isn't acknowledged in most portion of the world you'll discover difficult time on investing it as crypto as well. If the fiat cash loses its esteem due to crown out break within the close future the esteem of bitcoin will certainly to the moon.Bitcoin has great future,still we are in the early age who missed this stage will have big regret in the future.