Bitcoin Forum

What are the possibilities of Bitcoin becoming the central world   currency .
I feel strongly that Bitcoin will be more used and accepted than even Dollars. 
With the fast growing rate of Bitcoin in the world what are you taught's and opinions ? Kindly share

Not to break the bubble for you, everyone wanted Bitcoin to be the world currency. Unfortunately, there are forces around that might not like what is happening and so they won't allow BTC to be that dominant.

We even have a hard time being accepted universally as a payment system because of it's nature - volatility.

You also have to think that there are countries that totally ban it, or in the middle ground or gray area, or those who embrace it. And then we have the Central Banks, they want to retain their control of monetary policies. So if there is a decentralized currency like Bitcoin, it could be a big threat for them, hence, not going to accept them as currency.

You are free to think that way, but that's not going to happen in my own point of view, at least not in this present century, and even if anything is going to replace the dollar due to its unstable state and its devaluation, which is caused by inflation adding to the overprinting which the government does from time to time, it won't be Bitcoin, as Bitcoin doesn't fit in to occupy that position; some other world-class local currency can take that position.

Bitcoin's limited supply and volatile nature make it divisible but fee rate to some point, congestion and so on, which makes it unfit for such. Many who know their way around crypto can also choose it over the dollar for business stability. Bitcoin is not the best option there is to use for stable currency for national deals, and Bitcoin can't replace the dollar at a national level. It's perfectly okay if it can only be used and perceived as an alternative option just as it is currently.

Bitcoin is spread like a net all over the world, but many countries are unable to use Bitcoin as their national currency because of their central banks. Although everyone secretly likes Bitcoin, some countries completely ban Bitcoin because once Bitcoin is accepted as their national currency, the country's banks will be completely overthrown. For example, in my country, many people are secretly using Bitcoin, but the government is not directly accepting Bitcoin as money.
 Because if Bitcoin is accepted economically, the banking sector will become completely helpless, so it is only through the intrigues of bank officials that it is prevented from being accepted.

I am not seeing Bitcoin to be a competitor to fiat currency but as a subordinate to fiat meaning they wouldn't want what will totally have a general control of the global currencies, rather every nation still wants to have their central authority about their finances. That is why most countries bans Bitcoin while some countries are adopting to the new strategic reserved funds while others are still having that doubting mindset due to it's volatility nature but even as that it's still tempting and yet some can't resist it.

By virtue of Bitcoin being used in all countries of the world, although not legally in some, it is already a world currency but saying that other countries will ditch their currency to adopt Bitcoin, I don't see the possibility of that. Remember that there are still a good number of the global population with no access to the internet and without internet you cannot transact in Bitcoin. The technical aspect of Bitcoin is also another challenge that will hinder Bitcoin from being adopted globally, at least for now.

Furthermore, there is no point dwelling in the argument of Bitcoin replacing the US dollar because that will never  not happen and Bitcoin was not even created to replace the US dollar but offer alternative to those who might want to avoid being subjected to censorship and control of the authorities. 

Yes, bitcoin is growing faster than any other asset. But we need to be aware that it is becoming more widely accepted and popular as an investment, a commodity, rather than a currency.

It has been 15 years since bitcoin was introduced by Satoshi as a peer to peer currency and to this day, many people don't even remember or know what its original purpose was. I don't think that one day people will suddenly remember or care about its original purpose. We need to accept the fact that bitcoin has become a global investment asset, not a global currency. That purpose has been abandoned or, frankly, it's failed.

Meanwhile, Bitcoin transactions have been much easier and more popular worldwide due to decentralized transactions than any other currency since its inception. I saw from Google that in 2023, the number of Bitcoin users was only 1% of the world's population, but if you consider it from 2009, the number of users is much higher. I think its number will increase in the coming years. The world is moving forward with cashless competition and Bitcoin can contribute to daily purchases along with fiat but there should be an indirect/direct one. Governments are still confused about launching it directly due to decentralization, but Bitcoin will play a great role in the global economy in the future.

It may take more decades before this will happen but I also believe this will happen. You can see Russia and China now want to make some foreign trades in bitcoin. I hope this will be true. You can see United States making bitcoin as a strategic reserve.

You can see some states in the United States like the New York that wants to begin making use of bitcoin in making some payments.

United States dollar is centralized and used by United States to sanction some countries. These countries will wake up and some are waking up already to know that they need alternative. Bitcoin is a good alternative.

As far as being traded as a commodity? Yes, I do agree that it's the fastest asset and that is a financial vehicle. But as a currency, we are very far as we don't know if we will see it one days treated as modern currency.


It was designed to be a payment scheme, unfortunately or fortunately, early Bitcoiners started to trade it that's and then it got it's value to become an asset that we all know today. But I seriously doubt it as well to become a global currency, the US dollar will not allow it.

You mean "decentralized global currency" because Bitcoin and centralization are incompatible. Bitcoin will always remain decentralized, even if it is accepted as a global currency.

But to be fair, I believe we have a very long way to go. This is not only because most governments around the world still don't accept Bitcoin, but also for technical reasons related to the ability to develop the Bitcoin blockchain to accommodate the massive volume of daily transactions around the world.

A global currency must be capable of handling the massive number of transactions per second around the world. It must also be relatively stable and have low fees. Unfortunately, these features are not currently available on the Bitcoin network.

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I'm not sure about bitcoin as the world's main currency because some big countries will definitely keep their fiat to be able to regulate. While bitcoin is decentralized the government doesn't want it if they don't have control, but if small countries maybe they can adopt bitcoin but not in full they still need dollars for daily transactions.

With such rapid growth... then the center of attention will be institutions where they will invest in bitcoin rather than stocks or other assets, bitcoin is flexible as a payment so this becomes a faster adoption.

It's going to be a difficult to embrace though but it is still very much possible. Most countries are yet to embrace it to be used in their countries. They have banned it and making it difficult for their citizens to use it.
But if world power countries will begin something significant about the use of Bitcoin then the rest of countries would have no other choice than to accept and use it. By that the Centra banks would also look for ways that would make Bitcoin fit into their policies and make use of it.
Bitcoin as the world currency is still very much possible though it could seem hard at this point

Firstly you need to understand Bitcoin wasn't created to be just a universal currency but to also serve as a store of value and also as a perfect substitution the hitch of the regular fiat challenge across the world, Bitcoin can actually serve as a an intermediary that will save users the stress of the money conversion and all of the hitches that comes with the moving of money from one country to the other while still maintaining the value for you money or assets any where you go, even to the value of their money in the face of inflation and economic crisis, most definitely with the rate at which Bitcoin is been adopted by many and the usage of Bitcoin as a legal tender in some countries, it will soon become a global currency for exchange of commodity only that some persons are yet to be really exposed to what Bitcoin could actually be.

If Bitcoin able to become a world currency, I think it will be so efficient but that's not going to happen because the government will not allow such to happen when they are not in total control of Bitcoin network and perhaps the network is decentralized. Regardless, Bitcoin is already mainstream and has gain a total dominance in various country and Bitcoin does not need to now because world currency before it continues to grow.

First of all bitcoin wasn’t designed to been stored as an investment property or asset but rather the idea behind bitcoin was for it to be an alternative currency to the fiat currency with inclusions that there is total freedom from any central authority as such the act of a certain body to control it or manipulate it wouldn’t be possible.

Again although I have high hopes for the adoption rate of bitcoin but I can categorically say it is not yet close to been used as a central currency. The government of each country wouldn’t want to see their own central currency devalued and believe me when I say bitcoin will definitely devalue all these fiats if given the opportunity. Also government do not go with something that they can’t have control over and bitcoin is uncontrollable.

The other thing that will definitely limit bitcoin chances of becoming a global currency will also be the scalability of the network which is still not that robust at the moment

World currency, as if being accepted all around the world, or world reserve currency, like the USD, EUR and so on?

IMO there's greater chance for bitcoin to become world reserve currency than accepted for payments for many reasons, one of them being that many countries are afraid of it, especially countries that try to launch their own CBDC to control money flows. One or 2 large economies can enforce bitcoin's reserve status on its trade partners, so it's a bit easier to do, but not all countries "like" each other, so the US and EU accepting bitcoin would never persuade Russia or China to do the same.

The possibility that I want to say is that they still refuse subtly.

Hoping Bitcoin to be the main currency of the world is not easy because many obstacles and the main obstacles lies in themselves because they are not the same as their respective Fiat currencies.
He made a bitcoin system by all countries in financial affairs, so that has made great countries in conducting transactions.

With no prohibition on people using Bitcoin to pay for something they are purchased, indirectly Bitcoin has become like the expected currency.

Bitcoin is a currency and a means of payment that you can use and transact anywhere and anytime as long as the country you live in legalizes it. I never expect you to force yourself to use bitcoin as a means of payment if it has not been legalized - while you can use bitcoin as a means of payment in countries that have legalized it. Legality is one of the reasons why bitcoin has not been widely adopted in various countries - maybe not because of rejection, but it is not yet time for bitcoin to be adopted by them with various considerations.

Bitcoin becoming dominant over the dollar is not impossible - but I never know if it will happen. So far bitcoin is just an alternative currency to fiat - but when bitcoin is adopted and legalized in a country, then bitcoin will be the main currency that likely can dominates fiat.

Remember that the value of bitcoin is still calculated in dollars, even if bitcoin becomes a legal tender world wide, the dollars will still exist. However, bitcoin is not in a competition with the dollars, it was created in its unique ways and perhaps, bitcoin is a digital asset while the dollars in a Fiat currency so the difference is clear. The possibility of bitcoin becoming the world central currency will surely depend on the level of adoption and if majority of the countries in the world accepts it as a reserve currency.

Bitcoin may be fast growing and looks like going to replace the fiat system but I still see a lot of reasons for that not happening. This is the government owned currency we are talking about, they won’t stoop so low to see their currency being outperformed by another currency without them having to get any benefits from it. It was never meant to replace the fiat but to serve as an alternative to it. Although, the government may also be seeing it as a threat even though it is being used as an alternative to the fiat currency. Bitcoin technology has so many distinct from the fiat currency which makes it a more reliable and more useful form of currency to use that the fiat.

That is not going to happen and there is no problem about that. Bitcoin cannot replace the U.S. Dollar as the world's reserve currency, bitcoin is an alternative currency that is decentralized and digital, and there is no way for a decentralized currency to be the world's reserve currency.

Bitcoin is doing just fine as an alternative currency and it is for people who want to be their own bank and use a currency without any third party control.

And it might be good for us if Bitcoin will remain as is, no control, no central authority, borderless. Unlike the regular fiat or the USD that has been tainted. So for me it's better this way, as we are doing fine and we Bitcoiners can used it whatever and whenever we wanted.

Who knows, maybe if it become a world currency the price is going to be stable? And there could be a lot of chances and regulations will be tougher. So if there are individuals who see Bitcoin as a currency then used it that way. If there are here and for sure most of as looking at it as investment and store of value, then go. Let the US dollar flourish as it was designed to be like to become the world currency no matter what BRICS has to say about that.

That is even more unlikely. Like the US, they would not be stupid enough to turn Bitcoin into a currency to compete directly with the USD and weaken the USD, that would be like shooting themselves in the foot. Likewise, China is trying to push the world to use the yuan because that is how they can increase their influence in the world. They are also not stupid enough to accept and promote a currency that they do not control and does not benefit them.

Every country has its own currency and they all want it to be the world currency because that is how they rule the world, they will never care or let a currency that is not under their control become the world currency.

Being more widely used and accepted than the dollar does not mean that Bitcoin will become the world's currency, that is completely different even though if asked almost most people in the forum agree if that happens. Bitcoin is still an alternative and is still used as an investment asset even though now there are several institutions and companies that have accepted payments using Bitcoin. To achieve a step towards the world's main currency, many things are needed and it is not easy for Bitcoin to reach that stage in the near future.

Talking about financial regulations, each country is different, let alone when it comes to the world's main currency. The process has not yet reached that level so that Bitcoin is still an alternative that can be used by most people for investment or transaction tools in a limited scope.

Not everyone is going to for BTC, it's as obvious as day.

And BTC is not ready for such a feat yet - maybe, in the distant future, some factors would change and we would speak differently about such a possibility, but not in the upcoming decade or so for sure.

The worst possibility is that no one uses fiat money anymore because it is very much helped by the speed of the Bitcoin transaction system throughout the world where full control is owned by the owner and does not require a third party so that the government can no longer get benefits like banks and other processes.

Another possibility is that people can use Bitcoin as an investment asset without having to worry about a decrease in value.
Is that possible?

Without realizing it, bitcoin has actually become a world currency even though it is not recognized in the regulations of some countries. I mean, bitcoin can be used anywhere to buy anything in various countries, it's just that regulations still don't allow it to be used legally. Illegally, you can use bitcoin as a means of payment, but you will be called a lawbreaker.

Bitcoin is still as good as it is today without replacing existing means of payment. Bitcoin and fiat can coexist because that way users have the option of which one they want to use. To use bitcoin as a means of payment, someone needs to buy bitcoin first and then transact it, unless they have already bought it from the start. In such cases, bitcoin will be considered an alternative instead of the primary means of payment.

Yeah, it is not a world currency perse in the sense that we use it all over the world, but it is a world currency in the sense that we invest into it all over the world. Almost every nation (or at least all the ones I know) allow people to invest and own it, and that is more than enough to make it a world renown asset, and that is what we needed, we should be happy about it.

I understand things may not be all that simple for the time being, but we are not going to have any troubles for the long term. If we can make it work for now, it is not going to be a big deal and can make it work further. If you want to move further with it, you could make it work some other time and do a great job of it as well.

If you put it that way, all coins are world currencies, not just bitcoin. Even according to some reports, stablecoins are being used the most in commercial transactions, payments. Is it a world currency? I don't think so.

To me, if we still can't use it legally to pay our daily bills and can't use it everywhere in the world like USD. It is not a world currency.
We don't have to force ourselves to think that way, we should accept the fact that bitcoin cannot become a currency, let alone the world's currency. Bitcoin has been and is being recognized and used as an asset, a store of value.

The possibility does not look like it will happen. This must have crossed the minds of many Bitcoin enthusiasts, it is likely that Bitcoin will become more used and accepted in the future, Dollars is collapsing it is possible.

Bitcoin and Dollars are in different categories, Bitcoin is built on a blockchain, whereas Dollar is a fiat currency, can be controlled, manipulated, and conserved by the government. Bitcoin is unstable, very volatile, so you can't get a constant value when trying to spend with it over and over on different occasions. Most enthusiast hardly wants to see Bitcoin as a currency to spend when purchasing or paying for service, they'd best seek investment in it. 

Bitcoin is already a world currency, it achieved this target a while ago.   To say it should be number one, Im not sure that should be an aim even if it were possible I think BTC is built for greater things then just being a daily currency.  
  A bit of coin silver or copper can already serve that purpose of being held as the 'largest currency' and yet we chose not to do that anymore.     To be in everyones pockets even virtually, it would mean BTC is entrenched in all kinds of legal and accounting red tape.
  I hope BTC will always stay a bit more free to adapt then a fixed simple thing;  BTC is a living protocol and thats its strength imo to keep improving even better then a normal currency.

They say never say never but in some cases it's very hard to believe that some wishes will eventually become a reality and one of them is this although time can be one funny thing and a lot can happen too so who knows maybe Bitcoin can actually achieve this globally interms of all government keying to the trend of Bitcoin as a  general currency for all nations.

It will not happen due to the scarcity of it.

It is much better as a storage of wealth

Indeed, that will not happen. The world has accepted to abandon the gold standard and use fiat, there is no reason for them to go back to using a scarce asset as currency. Although using scarce assets like gold or bitcoin as currency can reduce inflation, it will also hinder and prevent the growth of the world economy. Using bitcoin as a currency has its own pros and cons, it is not as perfect as many people think.

It is no coincidence that bitcoin is compared to gold and is considered by the world as digital gold. With characteristics such as scarcity, decentralization...it is more suitable for use as an asset, investment and can be a safe haven in the future like gold.

If what you mean by world currency is Bitcoin dominating in remittance then It won't happen until bitcoin getting legitimized in most part of the worlds.
However, if it's just becoming world currency, I think bitcoin is already a world currency, its borderless nature means it can be used everywhere and it's already being used everywhere unlike traditional finance with their fiat.

The only thing holding bitcoin back is legal aspect, if it's solved, then everybody around the world will have instant access with bitcoin and can easily dominate.

This is what Bitcoin lovers have always been waiting for to happen, but we are aware that there are great powers that will always try to prevent this from happening, big countries seem to be starting to look at Bitcoin as a means of payment, but it seems that after that happens they will also try to change it with a digital currency that they create, and the reason is because of Bitcoin's volatility which can prevent them from fully using Bitcoin as payment.
And now just enjoy where Bitcoin has been widely accepted and whether it will eventually become a global payment, we wait and see how this is realized.

Zero chances. The powers that be will not allow this to happen. No representative of the country (any) will refuse such a powerful tool of influence on people as money. Acceptance of bitcoin is equivalent to giving up power over people.

I understand you perfectly, and like any bitcoiner, I want this to happen, but it is impossible. Instead of the dollar, a digital dollar (CBDC) will be used.

Let dreams of a bright future with bitcoin remain dreams. We need to soberly assess the situation and the position of the authorities, who don't have such wary feelings towards bitcoin.

The rapid growth of bitcoin can teach us only one thing: it is impossible to predict how quickly and how much btc will rise in price, but growth is still possible.

Here we go again with the "bitcoin as world currency" talks and theories. Even if all the currencies of the world crumble and become almost worthless, the governments of the world will never take bitcoin as the currency of the world. Satoshi never wanted bitcoin to take over every currency of the world, but an alternate currency. For something to be "alternate", it means it exists along with other options. 

What we need to focus on is how we can be allowed to use bitcoin freely anywhere and anytime. I don't even believe it has to be regarded as legal tender, just allow people to use and accept it if they want to.
There are too many references in the world for the world to have a "world currency" We're light years away from that.

I can guarantee that will never happen, bitcoin will never become more dominant than USD, or even if USD collapses, there will be another national currency that replaces that dominance, not bitcoin. There will never be a scenario where a decentralized currency can dominate a world, a centralized economy.

El Salvador has made bitcoin legal tender ,  but a report by the University of Central America  (UCA) found that 90% of Salvadorans do not use  Bitcoin in their daily transactions. People still prefer USD because of its habit and stability.


https://imgvb.com/images/2025/04/17/8d24e563e4ee794a32f6862e72e21c7f.png

https://coincrowd.com/crowd-news/el-salvador-survey-90-of-citizens-don-t-use-bitcoin-for-transactions

^ That's why BTC is an alternative, not a "killer" of fiat.

I fully agree with you. The world needs something of its own to control and leverage, not something decentrilized  ;)

To achieve the meaning of global currencies must certainly have a clear regulation so that the use of Bitcoin does not become a prohibition based on existing rules and may be more precisely Bitcoin considered an alternative for now. I think for such a meaning it still takes time for Bitcoin to reach the global currency and may not be as easy as what most people want. The use of transactions for any needs does not make Bitcoin as a global currency now because it is far more precise when it is said to be an alternative.

Bitcoin can still side by side with Fiat currency and should not be a problem related to that, it's just that some people try to compare so that the presence of Bitcoin is considered a threat to Fiat. Today I cannot make transactions with Bitcoin in all places because my country is still limiting, this is what I call an alternative.

Bitcoin being used a lot more commonly soon is not really impossible, we are seeing more and more adoption and a lot more places accept it as a payment. Invention of stablecoins helped this a lot, because thanks to stablecoins (even though I personally dislike them) people could mitigate the risk, they could accept stablecoins and bitcoin and they can turn bitcoins they get into stablecoins automatically, so they do not lose much money on it.

This isn't really a question anymore, we all know that bitcoin will be used and accepted in more and more places every single year and will keep on growing. Does this mean it is a world currency right now? It may not be, but it is certainly on it's way to become one.

Another question would be would everybody or most out there choose BTC and not stables to make business, daily or not - I don't think so, personally.

Dollar has been in existence before Bitcoin. Bitcoin can't replace what has been in existence for more than a century. For that to be done, it will take longer years for that to come to fulfillment. Some of us won't witness that happening.

However, the purpose behind Bitcoin creation by Satoshi, was for Bitcoin to be used as another means of payment that people can choose and trust over their local currency, not for it to replace a global currency, the dollar.

It's a good idea and an optimistic mindset I'll say but what can really certify that it's the adoption of Bitcoin across the globe cause have understand Bitcoin to have a strong force but then we all know how dollar have been the number currency in the world before now but we still hope for change whereas having Bitcoin as top 1 currency would be a good choice and therefore create an opportunities for growth in the world. So I believe Bitcoin can beat up dollar but I can't tell howfar it tends to go.

I would say it is not going to replace dollar and make dollar disappear. It's about being used, and if it is used more than dollar per day, that would be the day, but we all know that won't happen. So our aim isn't or at least shouldn't be getting that much usage, it should be just more than yesterday.

If bitcoin is owned by more people tomorrow than yesterday, that is good, if bitcoin is used more tomorrow than yesterday, that is good. That should be our only aim, doesn't matter by how much, even if one more person, even if one more transaction, that is more than enough. On a large scale that is what we have achieved so far, we have grown, and on bull years when the price goes up, it does well enough that it doesn't really do badly. We should see another bull run, because alt season hasn't happened yet.

You are right. Satoshi tried to radically change the way economic transaction and exchanged and tried to expand Bitcoin and definitely he has done. He also defended Bitcoin position against inflation. He was the one who invented the easy way to exchange Bitcoin which brought about an economic revolution in the world. The strategy of ​​expanding Bitcoin that he provided made Bitcoin a valuable asset worldwide.

To some extent, you are right that there are a lot of shortcomings in Bitcoin that make it difficult for people to adopt it for daily use. One of the biggest reasons is its volatility and the other thing is the transaction tx confirmation time.

However, with Bitcoin becoming the USA's strategic reserve, it is more of a store of value rather than to be used as a currency. People usually consider bitcoin as digital gold and we know that we do not spend gold in our daily routine transactions. So even if people don't use it, people will still be buying it (like gold) and storing it for the long term, making it more valuable than ever even with its limited supply.

There are many reasons why it is just very difficult to happen, first, the US government just doesn't want a currency that can be more popular and more used than their dollar. Second, because it is decentralized it is just harder for governments to control it and they don't like that. And finally, the scalability and volatility make bitcoin just not suitable to be a world currency. At most it will only be a strategic reserve for a few countries, but to become a world currency is a slim chance.

Bitcoin cannot be accepted as a what currency for now because not every country that accept Bitcoin as a legal tender I've been checking round there is no country legally that have accepted bitcoin as a legal tender but if they accept Bitcoin as a legal tender it is when Bitcoin we have a more value more right now people use bitcoin after transaction means not as a legal tender,

For me I will say that before bitcoin will turn after general currency to everyone most top countries most to have accepted bitcoin as a legal tender country like Russian United Kingdom and America, list three countries or more accepted bitcoin as a legal tender many other countries will accept Bitcoin and bitcoin will be generally accepted as a worldwide currency

Bitcoin from it's purpose it serves doesn't tend to be a currency that was intended by Satoshi to come and replace the US dollar but an alternative to the traditional financial system removing the middleman madness from the process of financial transactions, which ultimately extends to being an edge too over inflation as a store of value. So anyone talking about bitcoin replacing the US dollar as a central global currency is kinda making it appear as though the dollar and BTC are in tussle just like the US and China. ;D

At the moment, paying with Bitcoin requires technical knowledge. It seems impossible in the short and medium term for the billions of people using fiat money to switch to bitcoin. Because Bitcoin is not as practical as the dollar for daily spending. The dollar's infrastructure as a global reserve currency is supported by political influence. For Bitcoin to reach this level, it needs to create a great deal of trust between states. Since this does not seem possible at the moment, it seems difficult for Bitcoin to become the global reserve currency. Perhaps if Bitcoin clearly establishes its role as digital gold, this possibility can be discussed in the future. Even this would be a good achievement.

Lots of the world is not on line .  No cell phones no pcs no tablets.

So cash will always exist.



Btc will never enjoy 100% online acceptance.

And a solid coin mm with a btc Addy claiming to be 0.001 btc or 0.0001 btc won't work as payment if there.is no net to check that the coin was peeled

If you are referring to bitcoin as becoming the cash for a daily basis that will be accepted anywhere in the world in a p2p format, it could take ages because maybe the technology will not be there to have low amount settlements become practical on a global scale.

It could function as a global settlement currency between big players though. It is impossible to do with gold, but it would perfectly be possible to have things like interbank settlements with bitcoin. But it is a similarly long time horizon I think as for settlements between big players, bitcoin would have to have a very low volatility and it is quite a way from here to get there. But the higher the market capitalization and volume or liquidity, and the lower the volatility, the more likely it is that bitcoin could become one center of attention for settlements of various sorts.

Before, this was the thought of many enthusiasts and investors of Bitcoin. We tend to think that it's a fiat killer which was an optimistic idea. But after years have passed by, we're starting to be open with the idea that it's going to co-exist with the fiat and having them together is going to come along with the financial freedom that everyone is thinking of.

No, we all want something that's decentralized and that means total control by the people and not by something centralized and that's the government. They are free to print a lot of money every time they see a concerning problem with the economy and with how they deal with inflation. That's not what is the ideal financial system that we want and that's why Bitcoin is made, to be against it but now we're starting to see that even the government starts to adopt it.

bitcoin may be wildly used by the world or wildly accepted but that doesn't mean it will be the world central currency. you should know that bitcoin is on its own a decentralized currency that is wildly accepted and not a centralized currency. when talking about currency you should be specific weather a digital currency or fiat currency talk. if you talk about digital central world currency then you can talk about bitcoin then the world most common used currency is the US dollar because we cant talk about bitcoin price without equating it with the dollar. that is to tell you how important the dollar is to the whole financial system. there is an impression i always like to correct and that is people always neglecting fiat against bitcoin. let us not forget that our currency is fiat but bitcoin was just invented to be used as an alternative but not a competitive asset. the US will not eve like anyone to rate bitcoin above the USD even if they know the truth.

There is always possibility for bitcoin to become a world currency, but it takes a lot of time and processes to turn it into reality. I believe bitcoin right now is actually starting its process to become one, but we can’t be certain as to when it’s going to finally happen, or it will only remain as a reserved currency for lifetime. For now, let’s just enjoy and take advantage what bitcoin has to offer while it’s still in front of us, while it’s still giving us the biggest opportunity to change our lives.

Why do you even think bitcoin will be accented as the central world currency? Bitcoin wasn’t created to compete with any currency, or to replace any currency, bitcoin was created to serve as alternative currency, and we are finding that so difficult to achieve, because the government is against it, so you should know that trying to make bitcoin central world currency won’t even be possible.

If we want bitcoin to compete with other fiat currency’s, then we are just trying to cause more problem, because more government’s will end up banning bitcoin in their country, the government knows that they are not in control of bitcoin, so they will never accept it as the general currency, what will happen to the fiat currency which they are in control of, they can easily manipulate it, the government can do anything they like with fiat currency, but it’s not possible with bitcoin.

We all dreamed for bitcoin like that. That’s why until now we are working on it to achieve global adoption one of these days. But there is still no guarantee that bitcoin will certainly become one, that’s because its volatile nature make the people confused as to how they will deal with bitcoin with such an unpredictable price. So let’s just leave it with the potentials of bitcoin as to how it’s going to address it in the future. Right now, I’m still enjoying bitcoin as a profitable investment.

True that, even though satoshi criticize fiat, I believe he never intended to replace it with Bitcoin but rather create Bitcoin as an alternative.  It would be hard to make sense that a decentralized system will dominates a world of centralized system.  After all, the implementation of finances is govern by the central authority.


This show how people are more akeen to use fiat currency, may it be for convenience or trust.  

Yes, we all dream about it, bitcoin will become the central currency of the world. But are we working hard and helping bitcoin get there? I don't think so, what I see is people spreading and propagating bitcoin as a potential investment. I don't see many people promoting bitcoin as a currency, a payment method and it seems they are no longer interested in that goal. The only thing people care about right now is when bitcoin hits $100k, $200k, or $1 million, nothing more.

The future is unpredictable and anything can happen but with what is going on and the way the world is treating bitcoin, I don't think bitcoin has a chance of becoming the world's common currency.

We really need to be realistic about this quest.Thinking of making Bitcoin a world currency comes with it's own controversies and solid critics from non supporters and supporters.We all have envisaged Bitcoin as a good option,but it's unlikely that Bitcoin will be able to replace all other currencies.It's already a widely accepted alternative currency, working alongside with other national currencies; let's make that position count for Bitcoin.

That position could apply to Bitcoin in time because when everyone realizes the shortcomings of fiat currencies, they will certainly look for other alternatives to rely on and one of them is Bitcoin. Also, lately we have also seen how more people are ditching fiat currencies by exchanging them for gold so the same thing could happen to Bitcoin this year and in the years to come as Bitcoin continues to exist through the news and people’s talk. I don’t imagine that Bitcoin will completely replace fiat in the future, but with the increasing trust of many people in Bitcoin, it is enough to prove that Bitcoin is indeed reliable for all levels of society.

People exchange fiat for gold because of economic instability, they fear inflation, recession can cause currency to lose value. But that is only temporary because when the economy stabilizes, they will do the opposite and that is why gold prices have also been volatile in the past few days.

The same could happen with bitcoin but that just shows that they are treating bitcoin as a safe haven, not a world currency for everyday payments and spending.

When it comes to currencies and payment methods, what people care about is stability, speed, and transaction fees. Bitcoin is unlikely to meet those requirements, so I also believe it will never be able to become a global currency. It would just be an alternative to what is going on.

Well it would be a thing of celebration eventually when Bitcoin emerge as the world currency, cause this is exactly what we've been praying and hoping for so having it happen will be a plus to the crypto community but right now I know it's undergoing the booting process such that it tends to grow gradually till it gets to that points. And what will definitely make it possible is it's adoption and usage with time.

In recent few months Bitcoin is having better things which are helping to bring its more use but still it's not easy for this to be had world currency because many problems and other things which are preventing this to be led from front.
As mentioned stability and transaction fees both are big problems for bitcoin, but things like these can settled, but It's going to take more time even many are now feeling positive about this but still bitcoin having few concerns which are not allowing many countries to adopt.
Recently many countries are announcing about their own stablecoins which will help them for competing with bitcoin because they are fearing and never want to have this under their menu, but one thing is always favorable its never under any control.

I might agree if Bitcoin could be split down further then 1 Satoshi but it cannot reliably be done and so I don't think there is liquidity to do this or the intention of the design to become the sole means of exchanging value for everything.

People are perhaps too absolute in their thinking.  You could keep a block of copper and in future its going to be worth more, arguably any commodity.  We dont have to think about a BTC price for every transaction even swapping chewy sweets or a sachet of salt, nor every country and all their reserves have to be in Bitcoin for this to be successful.  

Im against forcing something to be true or even wishing it to be, make BTC as usable and easy as possible and we'll have the best case scenario.  
 If even 1% of every market involves BTC and its global then it will be have been a gigantic success.  Let Bitcoin be used most when it is most useful, the ambition for everything is unnecessary imo.

Adoption is going on already, the only thing holding back is just regulation that causes big corporations to be hesitant on adopting bitcoin whether for their business or just for diversification.
The good thing is, I've seen more and more e-commerce sites accepting crypto, the big players in cryptocurrency seems to want to increase adoption through real usage like spending.
If thing keeps up, maybe you'd see bitcoin becoming world currency by 2030. A man can always hope.

What you said is also quite possible because I have also seen some people who buy gold only for a while before they cash the gold back into something else. And among the many people who buy gold, there may also be people who immediately convert it into other assets such as Bitcoin so that something like that can also have a good impact on Bitcoin. As for payment for certain goods or services that we need, I personally prefer to use something else than using Bitcoin even though Bitcoin can also be used for that.

Because for those who are already aware enough of the goodness of Bitcoin to be maintained in the long term, I am sure they will not sacrifice Bitcoin for something else, especially if currently there are still many options that can be used for any transaction, be it with altcoins or with fiat currencies directly, the costs themselves are also quite affordable for everyone.

The demand for Bitcoin is increasing day by day, which is why it is not difficult to believe that in the future the use of Bitcoin will not be more than the dollar. But this will definitely take time. The use of Bitcoin will be more than the dollar because Bitcoin will be used by people from all walks of life around the world. Some will use it in transactions, some as a store of value, and some will use it to protect themselves from inflation. That is why the demand for Bitcoin will continue to increase. There is a negative side that the world superpowers will never allow this to happen. They will definitely try to prevent it politically.

If you are talking about Bitcoin being the major player in the alternative currency domain, I will say yes, but for you to say that Bitcoin to become the global trade currency, it won't happen, because most world leading currencies like the dollar and Euro won't let that happen, and for surely some regulatory shortcomings will hinder that happening also, this is why we often project Bitcoin as an alternative currency for trades, across borders, but not a main currency.

We can think about something very easily or we have the freedom to think about something, but there is a big difference between thinking and actually making that thing happen. Currently, the global currency in the world is the dollar and declaring a new digital currency as a global currency is not so easy. We know that Bitcoin has been in the market for a long time but many countries are not directly approving Bitcoin, so if Bitcoin is declared as a global currency, then the economic condition of many countries can be destroyed because there are some developing countries whose financial condition is not that good. If Bitcoin is approved in those countries, then they will not be able to control their economic condition well. So even if we have such expectations about Bitcoin, it may be difficult to make it a reality.

Bitcoin will become the world's main currency and this is the expectation of many people but I agree with you, it will never happen. This will not be as simple and easy as many people think because it involves the interests of the great powers, namely the US. They become the number 1 power and maintain that dominance through USD dominance and if bitcoin becomes the official currency. That would directly damage and threaten the dominance of the USD, they will never let that happen.

We should stop dreaming and instead be realistic that bitcoin will become a commodity and possibly an alternative to cross border transactions, as you say.

No country is stupid to rely on a currency that can easily be influenced by government regulations and jurisdiction. This means if any President speaks negative or positively about Bitcoin the price will decrease or increase. The United State Dollar has been trusted since decades, while Bitcoin is still seen as speculative currency.

I won’t forget the issue of network congestion on the blockchain. If Bitcoin achieves global adoption, there will be fewer miners validating transactions. Since launching a mining operation is less profitable and has high upfront costs, it's unlikely we'll see many new miners joining the network.

If I were a newbie, I’d probably dream of that. But now, I think more about how it could affect the economy. Maybe one day BTC will become globally accepted or widely known, but as a central world currency? Nah, I don’t think so. Banks and governments wouldn’t fully allow it because they would be the ones most affected. And if you were, for example, the president of a country, would you really allow or rely on a volatile currency as your main one? Crypto is crypto, and the fiat currency is fiat currency.

For now I have not found a bitcoin expert who speculates that Bitcoin will be the world's currency, try to think logically, bitcoin can be touched, bitcoin can be exchanged physically like fiat money, obviously not.

You need to understand, there is no one country or government that recognizes digital currencies that are made into the world currency, Bitcoin is still operating with a decentralized computer network system, blockchain, who guarantees that the network does not Lost, one hour of lost internet network you can't do anything with Bitcoin, how such things can be used as world currency, whether it is logic and as it is common sense.

Understand well how Bitcoin works, if you understand, surely you don't associate Bitcoin into world currencies, adoption can be, digital asset storage can be, trade can be, mining can be, investment can be, bitcoin is currently still exchanged with fiat, dollar Or with other types of crypto, that's what makes the value of Bitcoin high, try if Bitcoin is exchanged with Bitcoin there is certainly no value, the expensive exchange rate of Bitcoin Located in Fiat in each country, the dollar is different again the exchange rate with Bitcoin, Yen, Yuan, Euro, Poud and so on too.

Yes bitcoin is undoubtedly a major player in the world of alternative currencies or cryptocurrencies and its popularity is very high but it is also true that bitcoin's rise as the main currency of global trade will face several realistic challenges. Established and strong currencies like the dollar and the euro will not easily give up their dominance they are backed by strong governments and central banks which help maintain their stability and acceptance. Bitcoin certainly has potential as an alternative currency for cross border business advantages such as fast transactions low fees and decentralization can open up new horizons in international trade. It has a long way to go before it becomes a major currency and many changes in the global financial and political landscape will be required.

And I have not found a single expert (in the cryptoindustry) whose forecasts would be accurate. :) All their assumptions look like a game of roulette (guess right - guess wrong).

Although I am far from being called an expert, I agree with the opinion that bitcoin will not be allowed to become a world currency. Otherwise, why would big countries prepare to issue their CBDCs? Instead of bitcoin, powerful countries will make some CBDC or issue (in cooperation with several influential countries) an alternative CBDC specially created as a world currency.

I believe that decentralization will be one of the reasons why bitcoin will not be recognized as a world currency. For one simple reason: the impossibility of controlling this currency. And why make, consider, the strongest currency the asset that you can't control (manage)? Therefore, bitcoin as a world currency is a utopia.

Bitcoin has reached 16th years since it's being released and introduced to the world as a digital currency that's decentralised, and since then, it alway improve it's potentials instead of dropping in it potentiality, so it will take Bitcoin more time before it will dominate the world, Bitcoin is  a new currency and many more seems Bitcoin as a way of scam, I can acknowledge the fact that bitcoin is will take over the world but it will take Bitcoin long time before it can circulate the world, I know that almost 35% of the people have known Bitcoin, and with few time people will know about bitcoin and they will start trading.

Volatility is one of the reasons why they do not consider using bitcoin as a national currency because it would cause instability to the economy. But i think the main reason is its decentralization because they can't control it, which will cause more negative effects than volatility.

If a country loses control of its currency, it means they lose control of their economy because then they cannot use monetary policies to balance and stimulate the economy, cannot control inflation, deflation...This would throw the economy into chaos and collapse would only be a matter of time.

Yeah, newbies just want bitcoin as a world currency, and I look at it and I see the downfall and shortcomings of it. Bitcoin could have been MUCH better and because of that we are seeing how things are changing for the worse at bitcoin.

If it was fast and cheap, then maybe it would be fine, even then it wouldn't happen but at least I wouldn't be against it. But now, I loo kat it, see that it takes minutes, sometimes as high as hours because you may have not paid enough fee. And the fee? Don't get me started on that, it is way too high and makes absolutely no sense at all. I should warn people that if bitcoin (by force or something lets say) was the world currency, you would miss fiat in a single day, it is not really good at all and you are not getting a decent return from any of this at all.

Sometimes we think it is possible but it is impossible in reality. We can think that bitcoin can be useful and accepted by many, but it only stops there, as it can't replace fiat money, especially the USD.

We just accept the fact it was not just the government, don't let it happen, but also the influence of some individuals. Because if they only allow it, it will already be considered legal currency worldwide. But never as some leaders make their bold decision not to accept it, and even ban bitcoin. I could be wrong, but it seems hopeless. 

Bitcoin would be too restrictive which is the worst thing you want in free trade.  People complain about tariffs but a currency which isnt freely available and exchangeable at every point required would be seen as too much of a negative to propagate naturally.
  Amazingly some already view Dollar as restrictive and a lack of dollars in some places means countries wait for dollar buyers that never come or at least not regularly enough for a free circulation of goods.  Its hard to understand that from the outside as that situation is not my own but I do believe it to be true and dollar has many faults.
  I believe Bitcoin is going to be only one of many alternatives to the old system and hopefully a great improvement but not in a singular way, not that was ever an intention I really read about just people dream of big prices and believe absolute dominance is the way to success but I dont think so.

bitcoin can not become the world currency. as a matter of fact majority of the country does not accept bitcoin. it is ban in most country because they see it as a threat to the traditional banking system. bitcoin can only be used by some country and not all because of the regulation and laws given by such country. bitcoin will be used alongside with dollar but not one against another.

Nothing is ever impossible especially when it comes to such things as regarding the world and a currency. Bitcoin is as a crypto currency has come a very long way over time and is still going further and father than we ever imagined. And it is still very much possible for Bitcoin to evolve overtime and become central world currency. Especially when it is most accepted and used in world power countries. Countries that that are major drivers of the world economy. Countries that are solely dependent on such countries will have no option than to accept the Bitcoin as a means of exchange.

Isn't the bold one conflicts the decentralization of Bitcoin?  Though I admire your positivity but not all things are possible and I don't think Bitcoin will become the main currency of the future.  I believe it is set as an alternative currency due to the systematic way of the world being centralized.


As much as I like your thought to happen, but reality states otherwise.  Bitcoin would not be the only option for countries that solely depend on other countries for means of exchange, one reason is the other countries has its own currency, and each country has their own currency so that is many options,  and the country's own currency, that is another option.  So you see, there are many options for a country to choose as a means of exchange, besides being in a centralized system, it is more likely that the one issued by a government would be chosen as a means of exchange and Bitcoin will remain an alternative choice.

It is a world currency already. But it cannot be used everywhere, and I think even Bitcoin users do not expect to use Bitcoin on daily transactions. For example, let's say you want to pay $1 for something, would you use Bitcoin to pay that bill? The transaction fee will cost more than 20% of your bill, and it depends on the blockchain congestion. Sometimes, you will have to pay $5 as a transaction fee to transfer that one dollar.

Also, due to its nature, you will have to wait from five minutes to 60 minutes for a transaction to get confirmed. Would you like to waste that much time every time you pay using Bitcoin? I don't think so. The solution is Lightning Chain. I don't even know if that is real Bitcoin.

I believe that the impossible is to eliminate the dollar as the world currency, not for Bitcoin to become the world currency. After more than 15 years since the emergence of Bitcoin, it has become clear that the dollar is the real crisis in its spread as a global currency because Bitcoin is superior to the dollar in its characteristics. Bitcoin can become the world currency without completely eliminating the dollar as a local currency used everywhere, like other circulating currencies such as the euro, yen, yuan, and others. In other words, Bitcoin will not completely replace fiat currencies. This is impossible, but due to its decentralized design, it could be the best alternative to the dollar as the world currency.

You are right, bitcoin can become a world currency without disturbing the dominance of the dollar. The increasing use cases of bitcoin will certainly make people use bitcoin more and more as a means of payment, but the dollar is still needed and I am also sure that its dominance will remain strong and irreplaceable. Bitcoin is not a currency in many countries due to regulations, but it is an investment asset in those countries, so its use is still limited.

I don't have a problem with the real use case of bitcoin, it really depends on government regulations. I still can't use bitcoin as a means of payment until today, so bitcoin is still just a trading and investment asset for me. Even if I can use it as a means of payment, I can't reveal it here because such transactions are prohibited anyway.

Not exactly. When we say that the dollar is the world's currency, we mean that it is the official currency globally recognized for setting prices for all products traded in the global trade market. This was under the Bretton Woods Agreement after World War II, in which the United States imposed its terms as the victorious nation. Even the Allied powers at the time were unable to oppose it because they were economically exhausted from the war and had debts to repay to America.
Now, when we say that Bitcoin will become the world's currency, we mean that the dollar will abandon that role in global trade and will be satisfied with its role as the local US currency, just as Euro is the local European currency. This does not mean ceasing the circulation and use of the dollar in international trade, but rather that it will abandon its role in setting prices and its mandatory use in concluding transactions.

Many people believe so much in their Fiats currencies admist all the hullabaloo that Fiats has left behind,I believe which is making the indifference in making Bitcoin irrelevant.
All I know is that Bitcoin will not easily replace Fiats in a hurry because of the currency regulations, restrictions and characteristics.The both currencies are reforming Fintech and should be given their flowers!.

The fact that Bitcoin perform it role as an alternative currency is good enough and we should not open up a tunnel that Bitcoin may not be able to fit in fully, Bitcoin can not perform as a global currency because of some of Bitcoin own limitations, so Bitcoin developers already knows that and they never intended Bitcoin to be a global currency, but an alternative to centralized government own currency's.

You will notice that currently, all the countries in the world where Bitcoin is legal are using it extensively for sale and many countries are coming forward to accept Bitcoin. When the whole world rushes to accept Bitcoin and invest in this way, it is certainly most attractive for those who have played a role in the financial driving force in the world market economically.
Various countries have embraced Bitcoin the most to become economically self-sufficient, they have turned this Bitcoin into a long-term holding and long-term opposition holding to earn more profits. Of course, they will succeed because those who are still holding back their investments at the present time and have invested in the past are the only ones who have achieved the most success.

Maybe I'm wrong with my assumption, but look around, even in your place, the majority never use Bitcoin as currency. Instead, they use it as an investment. I'm talking about the reality based on my observation today. Well, maybe 100 years from now, when all countries have legalized bitcoin.

We still think that the future of bitcoin remain uncertain. That is one reason why we can't say it will be going to a global currency. Some countries might adopt it, but as we talk about it being globally used, that's still quite impossible. It was not about being decentralized, but it mattered if it was accepted by the majority.

Yeah, because it's an asset that goes up in price, and many believe it is a great investment, so that means if you pay anything with bitcoin, then you are missing out on making more one later on. So if you buy something for 1 bitcoin today, it's nearly 100k, but if bitcoin reaches to 200k, they feel like they paid 200k for it.

In reality, they don't have to feel like that, if they do not use bitcoin, they pay in fiat, and they could have used that fiat to buy bitcoin and didn't so they are at the same place in reality, but they do not feel that way unfortunately. We should hope that people realize there is a reason why we call it cryptocurrency and start using it currency but not going to happen for anytime soon.

There is no need to keep Bitcoin as a global currency, it doesn't serve any purpose better than fiat used in the country. Bitcoin was created as an alternative, not a major, we enthusiasts are the ones trying to extend Bitcoin to a whole level. I will always recommend Bitcoin as an investment instead of being traded for daily purchases, large amounts can be transferred through Bitcoin as payment, but little expenses require fiat to solve, not Bitcoin.

Forcing things like this will clearly have an impact on everything including bitcoin itself so why Satoshi from the start said that this could be an alternative so that in the end this did not become a big problem in the future.

We must realize that until now we still have to stay on the path where bitcoin remains an alternative and still respect the regulations made by the government because currently both in terms of an economy that is closely related to money and the world bank, fiat will still be a vital point that will always be used so in this case we cannot force bitcoin to take the main role for that.
Making bitcoin a legal tender looks pretty good but it cannot be denied that we cannot impose regulations and systems that have survived for a long time so in the end the alternative to legal tender without any increase to make this the main payment is clearly still very good for bitcoin.

I believe it's unimportant and not helpful to compare Bitcoin usage with any fiat currency whatsoever with Bitcoin when they all have different purposes. Besides, the concept of Bitcoin was to serve as an alternative that would complement the fiat currency.

This misconception is what some governments once had that made them have a negative stance towards Bitcoin, and I believe their current decision about using Bitcoin has strategy reserve as already shows us what Bitcoin will be in the future.

It will be used for that first, and maybe - for something else, we may never know how BTC will adapt to the demand of the people, but as long as its core values are still there - it's going to be alright.

I think is high time we Bitcoin enthusiasts undertand that fiat and Bitcoin has there functions separately and it wouldn't be nice for for anyone to think that fiat will be facing out just like that, as a matter of fact Bitcoin was not created to make fiat to go into extinction, I think that wasn't the reason for this innovation, for me I see Bitcoin as an investment and that's what I have been doing instead of making it sound as if there's a kind of fight that's existing between Bitcoin and fiat, let us not forget that despite how we want Bitcoin to be accepted as a legal tender worldwide, even though it does, fiat can never face out, the government can never allow the traditional currency to just go since is the one they truly have power to control outrightly,

Both for now and the nearest future, Bitcoin will remain an alternative currency both for trades and usability as a currency, Bitcoin can never take the Central space for global economy in terms of trades and mode of payment, various countries have their own centralized currency and no matter the level of Bitcoin adoption in such a region, their will never replace the national cyculating currency with Bitcoin for any reason most especially since their don't have full control over Bitcoin market movement and value at some point.

That's why we don't need to force something that doesn't seem likely to happen because in the end, bitcoin will remain an alternative.

Even if there will be a lot of countries that adopt the same as El Savador or some other countries that are doing the same thing now but the focus remains the same where they will only be an alternative and fiat will remain the core of the payment considering bitcoin is only an optional for legal tender.

I am happy with the adoption that is getting better and better but making bitcoin a legal tender for global I think it is too much of a push if there are still those who hope for that because it needs to be realized that the position of bitcoin since it was created until whenever it also remains the same and I am happy with that without any more desire to make them the main payment tool instead of optional.