BTC as a national currency?

[jatin729]

BTC is not a national currency, It is international currency. But if you really talk about bitcoin as a national currency than it may be beneficial for nation in terms of economically, but according to me " nation's don't want to change their fiat currency into crypto". because crypto has bad sides and good sides also. but bad sides are very hazardous if happening like if internet get stopped than what will you as a bitcoin user. Nothing.

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[Godric-Gryffindor]

If for example a given country will accept bitcoin as primary currency and means of payment and form of nation monetary wheel, they have to depend at all costs that bitcoin indeed is healthy as a wheel for the continual growth of a given country, they have to do that or else it will became chaotic over time

[rudito]

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

no, Bitcoin can not be a national currency. The bitcoin value is uncertain, but up and down depending on demand. it is very risky if in use as national currency.

[dharnamonitor]

May be suitable only to be an alternative way of payment because I think it is very dangerous if the state makes bitcoin for the main currency, this is because bitcoin can not be controlled.

Before thinking about these kind of things,  we should know that bitcoins are not legal nor illegal on many countries. Plus who would use a digital money that was not stable and could be manipulate by a group of 🐳 whales. It's much suitable as an asset

[handsomes]

No, because the national currency is a Dollar not bitcoin because the bitcoin is this is an altcoin that is taken on the internet because of this via the internet we get a bitcoin this bitcoin is a huge amount it is only secretive to know i think the bitcoin not include national currency because any country illegal it is with them.

[bestbiz9]

Bitcoin can not  become a national currency. Why not, many countries in the world have not accepted it yet. Bitcoin needs more time to accept as a national currency.May be bitcoin can become a widely accepted international currency
Bitcoin do have a draw back.There has max supply limit.What if any country buys all the bitcoin and limits the supply ?

[tantimutz]

It would be very difficult to use bitcoin as the national currency because the process involved in doing bitcoin transactions is very difficult unlike vague money that is not accompanied by difficulties in using it.
Bitcoin can not be used offline you must have smartphone and internet connection in order to transact in bitcoin.
Secondly because of the bitcoin price volatility it would be very costly for any government to keep it as the national currency.

[winteroxalis]

Bitcoin is money.  It can possibly replace currency of a nation indirectly in the near future i guest .. As of now  with all currency, bitcoin's value comes only and directly from people willing to accept them as payment.

[Dondon1234]

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

Well, for me yes because the bitcoin is rising and increasing, and it is very likely that it will become the national currency.
Developed countries always want their money to be valuable in the world. Therefore, there are many countries like famous countries want bitcoin become their money. And for more, they are still concerned about the Bitcoin properties such as hierarchy and security. That may make them unable to control Bitcoin even if it has become its currency..

[biboy]

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

Well, for me yes because the bitcoin is rising and increasing, and it is very likely that it will become the national currency.
Developed countries always want their money to be valuable in the world. Therefore, there are many countries like famous countries want bitcoin become their money. And for more, they are still concerned about the Bitcoin properties such as hierarchy and security. That may make them unable to control Bitcoin even if it has become its currency..

I think it cannot happen due to limited resources we have in bitcoin and all countries won't agree for sure, there are lot of people who have a large sum of bitcoin especially those wealthy persons who has capability to buy more than they can so I think that it is unfair since poor people cannot even buy or cannot even access internet.

[gunungkembar]

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

bitcoin into the national currency seems to be difficult because of the very limited availability of bitcoin and goods in the world is very much if bitcoin is used for 1 country alone the price will be expensive because of the bitcoin scarcity what if bitcoin is used for all countries must be bitcoin out and can not do anything else.

[samtarly]

no, because being a national currency should be regulated and lastly being a national currency should have a physical appearance in order for the people to pay upfront transaction which bitcoin both do not possess.

[dificanovi]

I do not think bitcoin will be a national money because the number of bitcoin is getting less. bitcoin prices are getting more expensive as the number of bitcoins gets smaller.
I think the most popular altcoin will be the national money in the future.

[Xzhyte]

I think it cannot be a national currency since the price is very volatile, it has a fixed supply unlike the currencies each country has. The price may go up or go down very fast in which can greatly affect the economic status of a country. Governments may lose a lot of money when the price of BTC has dumped, thats why they can't risk to use bitcoin as a national currency.

[Saksham]

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

It is hard to assimilate bitcoin as a currency in a national economy so it is almost impossible that bitcoin becomes a national currency.

[ChrisSand]

I think no country will allow to replace their current currency right now. No matter how successful the bitcoin could, I don't think its possible to make bitcoin as a national currency.

[romero121]

Nowhere bitcoin has got used as a national currency. In very few countries bitcoin has got importance similar to that of their own traditional currency. One such country that has made and supported for the growth of bitcoin is Japan. Hope this will continue with more countries leading to large scale growth.

[kateryana81]

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

Maybe yes , cause btc have the potential to be a national currency .

Agree with your statement that for a responsible government which is bound to reply before masses to accept an uncontrolled currency being a national currency in the country. Every government has his economical structure and rules regulations based on masses wealth security which is against bitcoin’s feature of decentralization it is therefore difficulties exist here for a government to accept bitcoin being a national currency across the country because bitcoin is completely volatile.

[darewaller]

No, because the national currency is a Dollar not bitcoin because the bitcoin is this is an altcoin that is taken on the internet because of this via the internet we get a bitcoin this bitcoin is a huge amount it is only secretive to know i think the bitcoin not include national currency because any country illegal it is with them.

That point doesn’t really add up to something that makes some sense, cause you can’t just say that Bitcoin can’t be National currency just because it is called Bitcoin. Nope, there are reasons for it, and there are qualities of a true currency that Bitcoin, which are even many. Bitcoin doesn’t have a physical form, next it is decentralized and shouldn’t be considered as the currency of a country.

[carodupuis]

Bitcoin is a digital currency.you can use Bitcoin globally.

Yeah bitcoin has the maximum potential to be adopted as national currency and bitcoin will bring huge development and business in that region and more of it bitcoin will give more fame to that region as well and there are more room of profit in that region and most of companies will shift their head office in that country because at bitcoin region business will grow more and on top of it economy of that region will always be high,