Do you think bitcoin will used as National Currency on 2026?

[Jemzx00]

I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high.. What if on year 2026 is a the year where bitcoin is known by most people .. Do you think bitcoin will be used as a National currency on that year just like money that we used right now ??

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[jkrules]

We don't know whether it will survive that long or not, and even if it does it will never be used as a national currency, bitcoin will always used as a secondary currency and not as a primary.

[Lauda]

You'd have to refine your question. Bitcoin is already a national currency. Pontinha recognized it as a national currency back in 2015 (they're very small, located off the shore of Portugal). I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016. The price is not stable enough to act as such.

[European Central Bank]

What is the definition of national currency? Used by a national population or directly handled by the government? If it's the last one then I'm voting for never, ever ever.

[pneumatic5]

Bitcoin can never become a national currency, and if it does then the government will come into action which will start having control over it and introducing their own rules and regulations.

[Meuh6879]

local currency = yes.

national curency = no, too much corrupted politics (look argentina, people die ... but they don't change currency to reset).

[vuduchyld]

You'd have to refine your question. Bitcoin is already a national currency. Pontinha recognized it as a national currency back in 2015 (they're very small, located off the shore of Portugal). I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016. The price is not stable enough to act as such.

Uh...it's the "national" currency of 4 people, literally.  The article said specifically, "There are four citizens: me, my wife, my son and my daughter."  It's no more legit as a "national" currency that those Posse Comitatus-type folks common in the US who mount a bunch of "no trespassing" signs (usually worn-out tires) on fenceposts around two acres of river-bottom land and declare it to the The Republic of John Q. Smith. 

To answer the original question, no, I don't think so, because it can't be controlled in the way that governments manipulate their currencies.  For example, they can't determine for themselves how much is in circulation, can't print more to devalue it, etc...

[Chef Ramsay]

Paul Rosenberg of CryptoHippie was just Operation Freedom (w/ Dr. Dave Janda) today, which is a major talk show in the Ann Arbor area that is also listened to worldwide. If you check his bio, he's a cyber security expert who formerly worked for NASA and other military contractors for the aforementioned topic. Anyways, his CH is one of those VPNs that blocks NSA spying on your shit and he's a frequent guest on the show mentioned above. His final spiel about the banking situations developing around the world is for people to possess gold, silver and yes, Bitcoin. This targeted audience is the precious metals type, so to hear them getting a dose of Bitcoin being a source of value equivalent to their metals was very powerful. Increasingly, Bitcoin is being seen and heard of as a strong go-to haven for economic turmoil that we would have thought unheard of in years past.

[MatTheCat]

I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high.. What if on year 2026 is a the year where bitcoin is known by most people .. Do you think bitcoin will be used as a National currency on that year just like money that we used right now ??

'Official Currency'?

Don't think so....only thing that concerns me with Bitcoin is it's value in £s, €s, $s, etc.

And actually, I hesitate to use for anything except drugs, cos the value fluctuates so wildly and it is generally just a pain the arse to use Vs electronic banking.

[kacak41]

Let bitcoin be a digital currency and lets not complicate it more, as being a digital currency it is taking care of us, we want that bitcoin should become a stronger currency in future.

[1Referee]

I am already happy if Bitcoin is one of the major digital currencies as far as online payments go. Debit cards will most likely remain the nr1 option for online purchases. They are too far ahead of all payment options/services. I am quite sure that Bitcoin can overtake PayPal in terms of total transferred value within 5 years. That will be a massive blow in the face of PayPal & Co.

[bit1]

With a lot of devices running transactions everything is possible but surely other cryptocurrencies  will be serving too, But I can not really describe their status as National or something different. But yes as a value instrument.

[Bit_Happy]

Paul Rosenberg of CryptoHippie was just Operation Freedom (w/ Dr. Dave Janda) today, which is a major talk show in the Ann Arbor area that is also listened to worldwide. If you check his bio, he's a cyber security expert who formerly worked for NASA and other military contractors for the aforementioned topic. Anyways, his CH is one of those VPNs that blocks NSA spying on your shit and he's a frequent guest on the show mentioned above. His final spiel about the banking situations developing around the world is for people to possess gold, silver and yes, Bitcoin. This targeted audience is the precious metals type, so to hear them getting a dose of Bitcoin being a source of value equivalent to their metals was very powerful. Increasingly, Bitcoin is being seen and heard of as a strong go-to haven for economic turmoil that we would have thought unheard of in years past.

This is huge if the trend continues. Really glad to hear that targeted audience is hearing positives about Bitcoin.

[romero121]

Thats not gonna happen. There are possibilities for it when the technology is modified in such a way that it can't be used for illegal activities. Once such thing happens more possibilities for it to become a local currency.

[Shiver]

I believe Liberland have declared it their official currency, although it is a new and tiny country (just a few square miles), with only about 300,000 people applying for residence there.  That's small for a country, but a nice addition of new users since it would require adoption by all.

[pooya87]

I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high.. What if on year 2026 is a the year where bitcoin is known by most people .. Do you think bitcoin will be used as a National currency on that year just like money that we used right now ??

i think anything is possible, it is hard to speculate that far into the future. we might even be using another form of currency as cash.
but i don't think any nation or or better say government would like losing control of money, also banks don't like becoming obsolete so bitcoin becoming a national currency just seems impossible to me.

[NorrisK]

As long as the regular fiat currencies are atleast somewhat stable there will be no switch.

It is just too much work to change the currency of a country. With the introduction of the euro for example, there were countless campaigns, free euro handouts (1 of each coin), massive roll over period where you could turn in your old currency for euro, etc, etc. It is just one massively expensive operation to perform, especially if there is no real reason.

Changing to bitcoin, something that has never been tested before, with a whole country is just insane. Some small micro economies might start using it though, but they have been around with alternative methods already.

[btcxyzzz]

Some fiat 3.0 shit. You didn't expect the real money was in charge? Only after WWIII, maybe.

[master sato]

I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high..

There is nothing like official currency online and NO its not only because of the popularity but also because of the precautions one has to take to use it properly.People simply use the fiat and do their stuff cause not everyone cares about the anonymity or their privacy.

I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016.

You sure he didn't said 2026 ?

What if on year 2026 is a the year where bitcoin is known by most people ..

[findftp]

No, not for a country alone.
It will be globally.

See www.hyperbitcoinization.com

And 2023 is possible.