Is bitcoin now the strongest currency in the world?

[neochiny]

Bitcoin is now the strongest crypto currency in the world and he really has a huge potential. It will not become the strongest currency in the world, but it will exist in parallel with real money.

yes your right bitcoin is really now the strongest curreny in the world because it is mostly used than any other cryptocurrency and it has more better price. i hope that the next goal of bitcoin is that they will be the strongest legal currency in the world, if they accepted by the government.

In Crypto yes! Bitcoin is still the strongest. but in currency?, no!, Bitcoin is too young to be compared to
other currencies(fiat money) that the government use, also Bitcoins price is too volatile compared to fiat.
but still, Bitcoin can outrank some currencies which are impressive considering Bitcoin is only 7 years old
since they released it.

[1713557660]

1713557660

[1713557660]

1713557660

[Harlot]

Strongest in terms of what? If in terms of volatility then you are right Bitcoin as a currency is the most volatile cryptocurrency out there last Saturday we saw its price goes down to 1800$ right now we are seeing Bitcoin to 2600$ which is a big gap. But in terms of being stable then we know the answer nothing beats Fiat currency in terms of being stable because they are back up by the country's economy controlling it. Bitcoin as a cryptocurrency has its own strengths and weaknesses.

[The_Dark_Knight]

Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.

Yes, I think they will have to suggests surveys because we couldn't say that people didn't know about bitcoin. They all know about credit cards turn into money but it doesn't seems that we withdraw on banks using bitcoins.

yes i agree on you.i think this is not a strongest currency now a days but it is really have a great potential to be the strongest this coming next 4 years from now and so on and so fort.

I will be happy with bitcoin if it became the top 20 currency of the world, obviously if it became number one then that will be even better but that is not going to happen anytime soon, so I will take what it is possible in the next five years and that is a position in the top 20.

[Sadlife]

"Some folks" wouldn't matter and wouldn't affect BTC because bitcoin has an greater value than any alternative coins it even surpass fiat and gold and now holds a far greater value than any top leading currencies in the world. Those people that claims bitcoin is to small doesn't have any idea on how vast and popular bitcoin that even surpasses the features of fiat for example you can make quick transactions by sending and receiving millions of your money and gets confirmed in minutes unlike fiat that might take days and high fees and also the risk of it being hacked is high. It is freedom from the exploitation's and tyranny from bankers.

[Konthol Ngaceng]

Until now we can not say that bitcoin is a currency because it can not and is legally permitted for transactions. Bitcoin is a commodity so when compared with currency is a different matter.

[yellow1]

Bitcoin is the strongest currency of the world because its more familiar and most popular currency in all and the worlds best performing currency. Bitcoin is everywhere and the people wants to invest in bitcoin and most investors invest in bitcoin, because this is the strongest currency compared to other currency. Now bitcoin has a great value and profitable, bitcoin also has a potential. It is the strongest bitcoin has many uses and many benefits unlike other currency, it is the highest conversion rates in the world and it considered as the best currency to invest and become the world currency.

[chineseprancing]

In crytocurrencies world, I think bitcoin was the strongest currency. But in reality bitcoin is only one of the coins that starting to be famous. However, I believe someday bitcoin was achieve the spot of being strongest currency in the world.

[yugyug]

imho , speaking of digital currency or cryptocurrency bitcoin is considered as the highest value in the market but it does not indicate as the strongest currency just like this following weeks about a speculation of chain split or splitting the bitcoin currency into 2 , there's a possibility it might be crash sometime in the near future . so far the strongest currency in the world is still the USD with a total market cap of roughly 60Trillion USD whereas the bitcoin is rughly between 40 to 45 billion USD. we could say that the bitcoin was just a little bit of a fraction of USD currency worldwide.

[Kp4everK]

Yes, bitcoin is now the strongest crypto currency in the world and I think that this will continue for many years. It is the very first crypto currency and managed to win the trust of many, now it has become parallel electronic money.

[denny27]

Bitcoin has proved a very strong currency. Bitcoin has a great reputation. Bitcoin is known for being the first, the easiest to get, and the widest acceptance. I think the user or bitcoin finder is increasing and more widespread to the whole world now.

[ASHLIUSZ]

Countries won't legalize an asset if it was found valueless or feel that it won't help with the country's growth. Same is with bitcoin, now several countries focus on legalizing bitcoin and few has already legalized and accept it similar to the country's own currency. This makes it more strong and when the same legalized usage increases the growth happens abrupt and becomes one of the strongest currency.

[justmint]

Looking back at the first comments of that thread, it seems so cute these days. 

[Kronos21]

Bitcoin has proved a very strong currency. Bitcoin has a great reputation. Bitcoin is known for being the first, the easiest to get, and the widest acceptance. I think the user or bitcoin finder is increasing and more widespread to the whole world now.

Bikain not such a strong currency as you say. The degree of strength of the currency is exchange rate stability and predictability. This does not apply to bitcoin. The popularity of bitcoin is also not very high. You force events. Bitcoin is the most expensive and most promising currency.

[panganib999]

As a currency, Bitcoin is still, and will remain for some time, unstable. There are three things that need to change:

- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently

We could not hide the fact that bitcoin need much more development to achieved such being a strong currency in the market. If more people will support and will used bitcoin on a daily base transaction it could helped for the further development of bitcoin on transaction, value, price and even in security. So the best thing to do is to continue our support for it to become reality in all aspect.

[SMSabuj]

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small.  Does it matter?

Yesh, BItcoin is the strongest Crypto Currency in the world. Already most of the Tech Jayant wants to start. But some of the countries do not accept Bitcoin.

[basyang]

Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.

    I agree with you,nowadays bitcoin is valuable but there are many strong currency in many countries and it is hard to beat. Even if there has a country that bitcoin become legalize but there are more countries that bitcoin are not legal or not acceptable for some reasons  so its hard now to say that bitcoin is the strongest currency in the world.

    As of now bitcoin can be a strongest crypto currency but it needs to be more popular before it can be accepted in many countries. Bitcoin also is unpredictable, sometimes it is high sometimes it is low.

[ArIMy11]

Bitcoin is not yet the strongest currency now but with the huge potential in the future, I believe that it could be. Today only few people are know about it some are know only the word bitcoin and others have deep knowledge about bitcoin. To be the strongest it could be as popular and usable as current currency but with the increasing prize and good feedback came from investors and users it's attracts many to knwow about bitcoin. Bitcoin is the future digital currency.

[choppork]

Maybe "strong" in a way that bitcoin has a strong support by the users and there are new people coming in. But seriously, is bitcoin strong at all? Let's lay down the facts. Once a whale gets out of the market, the whole market goes down and it takes a while before we can ever recover. Bitcoin is also not backed by any commodity, it's not issued by any government. Bitcoin is unregulated. When you lost your bitcoin, you don't have any customer support to talk to.

I just want to point out that we're all living in a bubble here. At the end of the day, you're not safe. At the end of the day, this is still a zero sum game and once the whales have left this market, then it's goodbye to your investments and to bitcoin itself.

Fiat is still the strongest currency in the world. I might not know which one specifically but you get the gist. Fiat is not backed by something too but it has a government that issues it.

[CODE200]

The bitcoin is not the strongest rather it is the currency that have the highest price because of it's uniqueness and I like bitcoin because the bitcoin is my way of income and that's way for me the bitcoin is the best of making money and because of it's price uniqueness..

[KingdomHearts]

I think that folks doesnt know the power of bitcoin. Bitcoin is potential breakthrough now and in the future as well. The price is regardless of current situation and it shouldn't be mixed up in the future. It will rise surely in the future and after the corrections are being made. People are unaware of these things but when they become one they will start working on it too. But that would be probably late for them to get started.

Bitcoin to be one of the world's economic forces today. We all have known bitcoin in 2009 and now there are still many who do not know bitcoin, I think they are the less fortunate. They eliminate the opportunity to use bitcoin in a long time. yes bitcoin will always be in demand at the moment and will be one of the most major currencies, just look at the current price of bitcoin was at 2000USD rates and some time ago had touched 2800USD.

to me currently i do not think that bitcoin number one currency of the world but  in crypto world it is really  number one currency of the crypto world. i think in future bitcoin will be the number currency of the world when all the people of the world start using bitcoin.i am sure that the bitcoin users are increasing from time time and hope that very soon bitcoin will have a good community.

In my opinion I will tell you brother that crypto currencies are the future currencies. As you mentioned that bitcoin is number 1 currencies in crypto currencies then you are right. But as you mentioned in the fiat money. You said it is not. As you know countries are getting accepting bitcoin. Like Australia, Japan, and India has accepted bitcoin as legit. So I will tell you that after two to three years bitcoin will be number 1 currency in the world.