Bitcoin as national currency?

[FUD Expert]

I don't see that any country would use it as their national currency but bitcoin could be a global currency. Every country has their pride on their own fiat because it represents them so it's impossible to see btc replacing theirs.

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[laurenB7742]

Could it be possible that in the future there are countries that use bitcoin as the national currency??

It's a NO from my side. Accepting BTC as national currency means that government has no control over the currency circulating in the country. why would any government do so? The only way BTC or another cryptocurrency can be legalized is by regulating it and this is something not acceptable to the crypto community.

[Fasdartin]

Could it be possible that in the future there are countries that use bitcoin as the national currency??

it could happen that no one can predict exactly because there is no such guidance but with the belief that bitcoin is a currency that uses technological progress and progress of the time may be all that can happen

I think that is not going to happen that the bitcoin is going to be a national currency, but bitcoin as international currency is possible. The government will not allowbitcoin as a natinal currency because they cant manipulate it, and the value of bitcoin is unpredictable.But who knows? Maybe in the future, bitcoin is going to be a national currency because of its potentials.

[MD Milon]

Bitcoin can be used as national currency,if government can be allow bitcoin.but I think now in the world many countries authority approve bitcoin.bitcoin now as a global currency.

[uiyh687]

Mr. At present, Bitcoin has no possibility of being a national currency. If bitcoin continues to fall, people’s assets are decreasing. This is not what people want to see. The country cannot do such a wrong thing. The state can issue its own digital currency, which does not necessarily require Bitcoin as its national currency

[kasansa]

My opinion about Bitcoin if it happen as every country will reorganize it as national currency and it will become very safe to each and every country to be come all transactions in digital crypto there might be a very safe and no any kind of misuse by the rulers who loot their people wealth in every regard. I am sure one day this will happen.

[renc77]

For me, I dont see bitcoin as national currency but an international currency in the future.

If the development and innovation will continues. The people will have a safer and protected wallet on their own which can store lots of money. However, government shoud support this and make actions to improve the project.

[aehsj]

If it is done well, then I believe that Bitcoin will likely become the universal currency of the world. By then, it will be the most brilliant moment for Bitcoin. We look forward to it. It will get better and better. We will witness together. This historic moment.

[Xester]

I don't see that any country would use it as their national currency but bitcoin could be a global currency. Every country has their pride on their own fiat because it represents them so it's impossible to see btc replacing theirs.

It is am inescapable truth that countries will not make bitcoin as their own national currency. Government will not accept a national currency wherein they do not have control of except for America. Due to this reason the only possibility but until now was not realized was that a government will create their own crypticurrency on which they have control and centralized.

[soul-impact]

I do not believe in this. Bitcoin is a digital currency programmed to operate within the 21 million bitcoin limit. So it is hard for bitcoin to become a national currency. Japan is trying to build the center of the bitcoin capital and let the bitcoin grow even further, but they still can not make it into the national currency.

[Dblue]

This is possible but being realistic, we know that once transaction volumes pick up then transaction fees will start going up too and this is a big hindrance for bitcoin as a currency.

[ethereumhunter]

This is possible but being realistic, we know that once transaction volumes pick up then transaction fees will start going up too and this is a big hindrance for bitcoin as a currency.

we need to wait again in a few years because there is only a few countries that accepting bitcoin until now. but once the other country accepts bitcoin, then the possibility will become bigger and we can see that bitcoin will be a national currency. I think we can use bitcoin like it was and we have the opportunity to collect more bitcoin so we can be ready for this if the time comes.

[DoublerHunter]

I don't think that bitcoin will fit well into that category as a national currency because that is not a good move for a country if they will make bitcoin as a national currency since bitcoin has a very volatile environment that will make it hard for the people to manage their money and it will bring chaos since the prices will not be fixed like in the fiat.

[Radio-Active]

Could it be possible that in the future there are countries that use bitcoin as the national currency??

It is possible sir. if bitcoin has been used by many peoples around the world in their life,
bitcoin can be the global digital currency for all of us. but for now, bitcoin still have to face many regulations in the world.

[Tungsten-1]

In my opinion for me now is yes because bitcoin very indemand right now and many investor trust bitcoin to invest big money to  earn a lot of money from bitcoin and someday i will teach to my kids about trading bitcoin.

Yes things are going toward positive side so we have been using bitcoin for raising our living standards by earning through them and meeting our needs and desires. Likewise, there are people who trade in them, like you have said, big investors are likely to get into investment in bitcoins. This is happening and that is why bitcoins are continuously growing. We hope it will become a national currency one day.

[fanBit101]

In my opinion about this issue. Bitcoin is not a national currency. and the purpose for its formation is to become the accepted currency of payment worldwide. In a way, it is similar to usd. Accepted as a general form of payment in the world. Bitcoin is being accepted as a payment method by many retailers in the world including Dell. And I hope bitcoin will be available on Apple's payment method in the future.

[lelylely]

Could it be possible that in the future there are countries that use bitcoin as the national currency??

That will not happen, the government will not allow bitcoin as the national currency. The value of bitcoin is unstable, and it is not very good if it is used as the national currency.

[Rustamm]

Could it be possible that in the future there are countries that use bitcoin as the national currency??

No, any country that takes bitcoin as a national currency will very quickly regulate its economy due to the fact that bitcoin has very high volatility. I also believe that the amplitude of fluctuations in the price of bitcoin with an increase in its value will only increase. On a small example I will explain that if, for example, you then go into the store, in the morning a certain product will have one price, another for lunch, the evening of the third and so on every day. At the level of management of the country's economy, this will generally be comparable to a catastrophe. Planning the economy of the country, as well as controlling the implementation of plans for economic development of the country will be impossible. I'm not talking about the risk of depreciation bitcoin at its high cost. Therefore, I do not think that any state will decide on such a step. In addition, it should be borne in mind that if the state takes bitcoin as its national money, then it will largely depend on the state of economic development in other countries where bitcoin will be used as a means of payment.

[Nazir0012]

the government will not allow bitcoin as the national currency.bitcoin still have to face many regulations in the world.but they still can not make it into the national currency.

[orarider]

In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.