is it possible?

[wawan99]

Can bitcoin be the world's currency?

[smartbitcoininvestor]

No, most likely it will just become a supreme method for store of value.

I think Ripple, Dogecoin or some of these other altcoins have the potential to be the world's currency, but a world currency will need to be politically backed instead of intrinsically backed like Gold, so who knows which one will win out in the end. 

[mrcash02]

World's currency = Main currency of the world?

I think it's possible. Rumors say that an ocult organization wants to control the world and to make it they want to introduce a global currency, a currency that will be used by all countries and by all people of the world, but I'm sure they don't want a decentralized currency to execute this plan. They have two options: Control Bitcoin by regulating it or creating a new Crypto-Currency.

If it doesn't happen as a New Mundial Order, it can happen if many countries unite among themselves having the same ideas about what to do with Bitcoin. So it could become the World's Currency and at same time be controlled by them as it will be regulated.

[Anyobsss]

Can bitcoin be the world's currency?

In my opinion, Bitcoin will never be a world's currency or even a country currency. For bitcoin is only a digital currency which means it doesn't have appearance. The other reason why it can't be a world's currency is, it is not centralized, it doesn't pass through central banks. In addition to that, bitcoin is not subjected to tax but still government can impose tax to bitcoin if ever they want to.

[squatter]

I think Ripple, Dogecoin or some of these other altcoins have the potential to be the world's currency, but a world currency will need to be politically backed instead of intrinsically backed like Gold, so who knows which one will win out in the end.  

Right. Dogecoin is going to the be the world's reserve currency. The largest accounts in the world will all be settled with a memecoin. That'll be the day!

Can bitcoin be the world's currency?

Right now, a few semi-wealthy people can push the price around easily. It's possible for BTC to be a reserve currency far into the future when it might actually have stable value. But that's far enough off (decades probably) that I won't think on it too much.

[spadormie]

Can bitcoin be the world's currency?

Everything in this world is possible dude. And it is a cryptocurrency we are talking about here at this point. There is a man taught me that in cryptocurrency we can find that anything is really possible. He is a member of XEM team. And if I am not mistaken, XEM belongs to top 10 in coinmarket.

[Immakillya]

I don't think so. Physical money still the best currency. Bitcoin doesn't have physical because it's a digital asset. And i don't think countries will be in favour one currency. It can't be regulated. Aside from that digital assets like bitcoin requires technology in able to use. Example, the internet. Bitcoin needs internet in able to spend it to anything. Imagine without internet. It's a disaster. Bitcoin is good  because of it's profitability. Admit it or not. We only use bitcoin because it's very profitable right now. Traditional currency is preferred by most of people. It's accepted everywhere, doesn't require technology in able to use and easy to use. Just give it. Done.

[DoublerHunter]

Nope, it is not possible to become the world's currency because bitcoin does not have an unlimited supply and it has only 21 million supply so it is not enough for the whole world's population and its price or value is not stable so there will be a huge problem in the economy if the income or profit that they are getting is not stable.

[masterwakokok7]

It may only be an alternative currency but to be world's currency That is impossible. Bitcoin is set only to be a Digital currency in which we could use as an alt. Of credit card. It will took a lot years and efforts before bitcoin could be legally accepted worldwide. As of the moment there are only selected countries who accept it as a form of currency. Given with that scenario some of the businesses in those countries do not yet accept it.

[shesheboy]

No, most likely it will just become a supreme method for store of value.

I think Ripple, Dogecoin or some of these other altcoins have the potential to be the world's currency, but a world currency will need to be politically backed instead of intrinsically backed like Gold, so who knows which one will win out in the end. 

I don't totally agree with your idea, bitcoin is the best currency and its the father of all coins therefore it has the real potential to be the worlds first digital currency. bitcoin is awesome and there is no debate about it. I prefer using bitcoin than any other coins. you can earn money on bitcoins but not on any other coins, that's why bitcoin is the best.

[cafucafucafu]

Can bitcoin be the world's currency?

By world currency I am assuming you mean currencies that can be used by everyone in the world, without translating that currency to that country's native fiat currency.

I don't think Bitcoin will become this though, too many problems such as high transaction fees, but other altcoins might have a chance of this.

[Kaller]

Can bitcoin be the world's currency?

By world currency I am assuming you mean currencies that can be used by everyone in the world, without translating that currency to that country's native fiat currency.

I don't think Bitcoin will become this though, too many problems such as high transaction fees, but other altcoins might have a chance of this.

Anything is possible, but we still have a LONG ways to go if Bitcoin is to become used by everyone. Still today 99% or more of people do not know what it is.

[btcney]

Can bitcoin be the world's currency?

It is already available across the world, anyone in any country no matter where they are from can use bitcoin. This is one of bitcoin's most attractive features, which is essentially instantaneous global transactions without a bank.

However i think that you mean worldwide adoption of bitcoin, which in my opinion is completely possible if given a decade or two. People still need to get used to the idea of an economy without a centralized authority, and they need time to adjust.

But in the long term i have no doubt that btc will be used at a wide scale to facilitate transactions.

[erickkyut]

There is no assurance but there is a very high possibility that Bitcoin can become the world's currency especially now that it is becoming more popular in the world and the different countries are now starting to accept it legalized it. Some well known celebrities are also starting to post and announced to the world about their crypto related investments.

[Bilbo Baggins]

It might not be an official world currency, but if it continues growing the way it is at the moment it might be/ if it's not already an unofficial world currency.

Although it has to be legalized by most countries before it can reached that status.

[CoinChili]

It could possibly be the worlds "Virtual Currency", I doubt if it could replace Fiats in the first place

[haroldtee]

Can bitcoin be the world's currency?

Taking over fiat? NO! Being used globally? Possible! I see bitcoin as a digital currency that can be used as a store of value, and one day can be easily used as a mode of payment globally but fiat will still definitely remain for each country. Just the way we have dollar as the most used international currency globally but still never stopped each country from making use of its own fiat currencies is the same way we will end up having bitcoin. However, I foresee other crypto currencies being a preferable day to day micro payment means while bitcoin will end up being a store of value like gold unless we start having an easy micro transaction soon.

[nrvasquez]

Can bitcoin be the world's currency?

can be. bitcoin should only make some of the development and breakthroughs that everyone can accept. because currently the bitcoin system is very rigid. I guess if bitcoin can make adjustments to the times and technology, I think that will happen.

[Kakmakr]

At this stage I would say NO to Bitcoin being the Global reserve currency. Bitcoin is still sorting out scaling problems and would not be able to handle large amounts of transactions that would be required by a global reserve currency. If we move towards that scenario, the scaling problems would first have to be solved.

The Lightning Network is the next step towards mainstream adoptions, but I am still not sure if it would be able to handle such a load. 

[cleygaux]

Can bitcoin be the world's currency?

Your question was asked many times and majority of the answers is "NO" Bitcoin is only applicable for sending and receiving money in a more faster, easier and secured way rather than sending fiat money but ahead of this advantages of bitcoin I think It will never become a world currency because of many factors no. 1 is volatility and another is lack of support from the government I think banks will not agree using bitcoins in the future.