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Author Topic: Bitcoin becoming the sovereign currency  (Read 389 times)
peter_coin
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August 15, 2018, 03:56:41 PM
 #81

The idea of Bitcoin becoming the sovereign currency may be too much of an ask but it certainly would be used universally for the transfer of funds and as a store of value. It's amazing how the cryptocurrency has gained acceptance and popularity in recent years all thanks to the amazing community. I see more massive adoption in the future.
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August 27, 2018, 05:16:28 PM
 #82

Have you met people who suffered losses from bitcoin investment? I haven’t. But I saw many who achieved profits.
I'll tell you a little about it, I often see people say they've bought bitcoin above $ 10k at the beginning of last year. now they still hold their bitcoins.

I often read here that buying over $ 10k after the fall of the course because of the panic started to sell. They lost their money. Who did not succumb to panic did not lose anything

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August 27, 2018, 05:36:24 PM
 #83

It will become a world currency but whether or not governments will recognize it as such is a different story. Bitcoin at this point is kind of already a world currency, it's known about not just in USA but in 4rd world countries like Argentina, Venuezla, Nigeria (big one) and in parts of Asia that are underdeveloped.

As more and more infrastructure for the population of these countries to GET bitcoin the more widespread it will become. I think it will take a lot of time for bitcoin to finally be recognizes as a currency though, governments don't like to give away their financial stranglehold, they want to be able to control their currency. Once the first big developed country recognizes bitcoin as currency it will be a domino i think.

It's inevitable i think though, see video below from world renowned economists:
https://www.youtube.com/watch?v=6MnQJFEVY7s

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Snaic
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August 27, 2018, 05:37:04 PM
 #84

Many of the industry experts believe bitcoin will be a world currency in the coming month's bitcoin can be internet most favored currency very soon in next 5 years
Here throw themselves in different terms - bitcoin is a sovereign currency, bitcoin is a world currency and nobody wants to even explain what he understands by these terms and explain his position. However, the word "sovereign" does not fit the crypto currency at all. It is also unclear what is meant by the world's crypto currency. The fact that bitcoin is used all over the world, then from this point of view it can be said that bitcoin is a world currency. However, nothing will change from this in practice. So far, it has been used by several percent of the world's population. And this is still too little to celebrate.

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Lexurdania
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August 28, 2018, 12:35:52 AM
 #85

If bitcoin price become $100k, i am believe bitcoin will be digital asset or store of value. If bitcoin want to be sovereign currency, its need government regulation and i am believe government will regulate bitcoin in near future

RedzoneASE
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August 28, 2018, 01:15:32 AM
 #86

Yes, it is becoming a sovereign currency due to the time it has dominated the cryptocurrency market. It would be said that its foundation has becoming more solid each year that exist in the market.

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