Bitcoin as a leading currency?

[Kong Hey Pakboy]

Bitcoin can't never be leading  currency because bank will never allow  that to happened

You are wrong mate because according to CryptoCrunch, bitcoin's price has already outperformed US banking stocks lile Wells Fargo and Jpmorgan, since the start of the year of 2020, which is 35% up YTD. So how could you say that bank will not allow it to happened because it has already begun.

[btc78]

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.

and will always lead for the next 10 years more,as this has been proven for more than 10 years now so what more the next same long years?

Bitcoin can't never be leading  currency because bank will never allow  that to happened

Haven't you cross the banks statements now whos trying to use blockchain and also others are making their own currencies/so what about the number one crypto that cannot make this possible in future?

though there is no assurance but at least will make this some time in 5 years.

[roman100]

bitcoin is held mostly as a speculative vehicle, little used to pay for goods and services. Its value has been unstable, which impedes bitcoin's wider use as a payment medium. One of the most currency the earliest altcoins to be developed and launched after bitcoin, for instance, is accepted by dozens of businesses, per the Litecoin Foundation.

[Bezobraznike]

bitcoin is held mostly as a speculative vehicle, little used to pay for goods and services. Its value has been unstable, which impedes bitcoin's wider use as a payment medium. One of the most currency the earliest altcoins to be developed and launched after bitcoin, for instance, is accepted by dozens of businesses, per the Litecoin Foundation.

   I don't agree with you Roman100! Bitcoin is used more than you think, and yes among everything else people
trade a lot with Bitcoin. I would never say that Bitcoin is held mostly as a speculative vehicle!
   We can talk about fluctuations, but look where Bitcoin now, what you think where will it be in next 5 years? And
the same question should can be asked for some other alt-coins, that can have a great future!

[EmpowNetwork]

If you said bitcoin is the leading currency in the crypto currency then everyone will be agree, but if you are talking about comparing bitcoin and Dollar or Euro then bitcoin will never defeat them, fiat money is controlled by the government and basically got no limit because they can just create more, while bitcoin got a limit, so there wont be enough for bitcoin to dominate fiat and of course the government will never agree with the idea of bitcoin become a leading currency

agree. so in many countries banks and governments ban bitcoin to protect their interests

[princeyeboah]

Bitcoin leads the cryptocurrency market because it has huge market dominance in terms of market capitalization and trading volume. Being the first cryptocurrency alone is not a factor but it has also got large community with great technology behind it. Being the gateway to cryptocurrency, Bitcoin will continue to spearhead the movement of crypto into the new dawn of adoption.

[lillobo]

Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Chaina is Bitcoin is essentially banned in China. All banks and other financial institutions like payment processors are prohibited from transacting or dealing in Bitcoin. Cryptocurrency exchanges are banned.

[Freeesta]

I think that in a few years Bitcoin may well become the main world currency, but now it is far from the case. In order for Bitcoin to gain popularity around the world, people must perceive cryptocurrency as the main currency, pay for food, services and so on. For this, it is necessary to promote projects supporting cryptocurrency.

[Alert31]

The maximum amount that will ever be mined is 21 million bitcoin yes, but It's impossible for that amount to be in circulation even when everything is mined because people are losing their bitcoins all the time and they are lost forever.

Bitcoin is unlikely to become a leading currency simply because the banking system won't let it happen. Its unstoppable but won't be the main currency for sure. As for paying using smalls amounts, that's not really where bitcoin strength shows but hopefully with Lightning Network, that would be possible.

21M of bitcoin is enough to circulate even some people lost their bitcoins forever intead it will make the value of bitcoin high as the time goes by. But you are right,bitcoin is impossible to become a leading currency because we have a fiat money issued by the government and back up by the banks. Well,even it won't happen,bitcoin still contribute a big impact and help to our economy.

[siajeen]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

[lillobo]

Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.  Bitcoin upsurge vary, they ultimately can be narrowed down to three broad factors: accumulation since December 2019, on-chain data indicating a rise in investor activity.