Will Bitcoin become the reserve currency of the world?

[Ravion]

If the question is, would Bitcoin become the reserve currency for fiat? If all people start using Bitcoin then it could be. But I don't think that governments would allow that to happen. During the huge price surge that happened more than a year ago most governments around the world started putting regulations on Bitcoin and some even banned its use.
This wasn't simply because they were trying to protect people from a very volatile asset or to protect against market fluctuations that Bitcoin could create, it was because they worried that they would not have control over the money supply, if more and more people started putting their money into cryptocurrencies.

Bitcoin can actually take on the role that gold had before it was unanimously decided that currencies don't have to be backed by commodities, many decades ago. If used for that purpose, it would have most of the advantages of gold, and almost none of the disadvantages.

[Ailmand]

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? 

As for me, bitcoin is quite too far from being the reserve currency of the world but it would be the best digital currency that we could ever have. We are actually using it as a currency and it's being used to transact faster and more convenient so I think it could go beyond being just a reserved currency in the future.

[conected]

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? 

As for me, bitcoin is quite too far from being the reserve currency of the world but it would be the best digital currency that we could ever have. We are actually using it as a currency and it's being used to transact faster and more convenient so I think it could go beyond being just a reserved currency in the future.

- Agree, bitcoin will not be able to reach the position of the world reserve currency because the support and popularity of bitcoin is still not enough, as we can see, the number of people using and working with bitcoin, it still accounts for only a few percent of the world's population, combined with many regulations and barriers from the government, that makes bitcoin impossible to penetrate into many people's lives. In addition, bitcoin is always considered a place to store and generate profits over time, a passive income, it makes the role to become the currency of the Bitcoin very faint

[Abiky]

That can be said yes, it's all because we will face a different era in the future. I think the use of digital currencies is a must. the future will definitely be more sophisticated and everything will definitely be digital, just as books at this time have started towards the digital era. let alone a very complex financial system, digitalization is an answer to being able to make transactions far more flexible in the future.

That's certainly true, mate. We're all transitioning towards a completely digital era, at a slow pace. Which means, that eventually Bitcoin will dominate our very lives as the world adapts to it. Once this happens, then Bitcoin will stand alongside digital Fiat for many generations. Of course, we cannot deny that it's virtually impossible for Bitcoin to become the reserve currency of the world because of many obvious reasons. But what Bitcoin can become is an alternative to Fiat where people can decide their financial future.

Nonetheless, Bitcoin is the reserve currency of the whole crypto market instead of the world. This all means that Bitcoin has already won as a popular alternative to Fiat that will last for many years to come. Just my thoughts

[BeGoods]

if in my opinion. actually bitcoin is very good for us to make it as a reserve currency for the world. if you look at a country that has received bitcoin as a currency. it is very good. like studying employees with bitcoin

yeah it gives a lot of people choices for spending, and of course it will be much more fun, you can use bitcoin or fiat, as you like. bitcoin will be like that in the future, we know fiat will never disappear and bitcoin will be another option for fiat, when many other people are bored with fiat.

[eann014]

if in my opinion. actually bitcoin is very good for us to make it as a reserve currency for the world. if you look at a country that has received bitcoin as a currency. it is very good. like studying employees with bitcoin

yeah it gives a lot of people choices for spending, and of course it will be much more fun, you can use bitcoin or fiat, as you like. bitcoin will be like that in the future, we know fiat will never disappear and bitcoin will be another option for fiat, when many other people are bored with fiat.

I don't think people will get tired using fiat because money is still money and people will not going to get bored using money and fiat is very useful for it buying stuffs everywhere because it is a physical money and very useful. Bitcoin will be our alternative option when paying but not as a reserve currency.

[waynechong1995]

Not any experts but looking at the nature and volatility of bitcoins, it isn't suppose to be helpful for the banks to adopt bitcoin as reserve currency, they have less control over production, volatility like fiat does locally, bitcoin for me suppose to be a exchange medium public to worldwide, yet secure with anonymity which ordinary people couldn't access to, banks had wired transaction but businesses already but its just abit more expensive than cryptocurrency, but crypto needs more adoptions

[Carrelmae10]

I don't think that bitcoin become the reserve currency of the world in future. If will Bitcoin become the reserve currency then some major problem create through this. Online huge market influenced by btc if btc become reserve currency then this huge market fall down because at this situation most of the online site don't easily accept btc.

...what are those major problems that will be created if Bitcoin will going to be a reserve currency?..as much as i know,,it will be more convenient and easy to use if Bitcoin will become legalize and accepted by many people,,though it will not really replpace fiat currency but instead it will going to help people to easily access digital currency and make faster transactions with regards to paying bills or buying and shopping online..though Bitcoin price,,it will not be easy for many to accept Bitcoin as mode of payment..

[BTCevo]

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? 

As for me, bitcoin is quite too far from being the reserve currency of the world but it would be the best digital currency that we could ever have. We are actually using it as a currency and it's being used to transact faster and more convenient so I think it could go beyond being just a reserved currency in the future.

But the trend is going there already, soon or later they wil follow this path. For this time may be it still can't but how about 10 years later, we will never know right? And many of them already adopt bitcoin like crazy. What I heard of is some of the country already trying to adopt the blockchain tech into their life. So I can say for the current time may be it is not bitcoin time yet but soon it will be reserved

[jademaxsuy]

Well yeah it could be possible but there could be more.than bitcoin as a reserved currency and that is the propertynl listed in you. This is consider as asset and it is a good idea to have an asset so that one day if there are emergencie's need to be areange and has difficulty with money then bitcoin or the property asset could be the source for the medication.

[Abiky]

Not any experts but looking at the nature and volatility of bitcoins, it isn't suppose to be helpful for the banks to adopt bitcoin as reserve currency, they have less control over production, volatility like fiat does locally, bitcoin for me suppose to be a exchange medium public to worldwide, yet secure with anonymity which ordinary people couldn't access to, banks had wired transaction but businesses already but its just abit more expensive than cryptocurrency, but crypto needs more adoptions

That's certainly true, mate. If a currency cannot be controlled, then it's hard to say that it will become a reserve currency of the world. Bitcoin being a highly popular cryptocurrency is still behind Fiat by a long shot, due to its volatility and regulatory uncertainty. A reserve currency needs to be stable, but at the same time, centralized backed by a trusted authority. In this case, the USD is the reserve currency of the world and it has been doing good for a very long time.

Still though, what could happen in the future is that Bitcoin and Fiat live alongside each other within the mainstream world. USD might remain as the world's reserve currency, while BTC will remain as the reserve currency of crypto land. In many ways, Bitcoin has already won as a viable alternative against Fiat.

Nonetheless, the only way for Bitcoin to become the reserve currency of the world is if it becomes centralized. Other than that, the USD will continue to dominate our world for a very long time. Just my thoughts