if bitcoin becomes the country's currency

[Theonethatgotaway]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

I think it is not possible, as main feature of bitcoin - decentralization will be lost. It should not be controlled by any government.

It is really far from being possible, stressing, the cycle of fiat currency will be the most severe target of that ideal. Fact that Bitcoin is a self governed currency it will be hard for any government to reign this agenda. Whereas if bitcoin will accepted in every edge of the society around th globe no doubt sooner or later it "might" have a chance of being an official currency. But I would like to believe that so far as of now with the mainstream Bitcoin it is really far from being a currency. Currencies deeply affect the prosperity of economy in every country, bitcoin, as a crypto currency can extremely contribute to any country's economy's success.

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[Pasadoble]

I do not think that it is realistic, and I also do not think that it should be controlled by government.

[pxo.011]

then the internet will be the first and most we need then, it all depends on the internet because we trade on the internet and if lose the internet
we will lose the cyber world also the crypto

[zhopas]

As of now I think that there's no possibility that it will happen because some people didn't know what bitcoin is and some government didn't allowed bitcoin in their country because of being risky. Also people need enough knowledge about it as well as the government if they will allowed it as their new currency.

[qwertyup23]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

I highly doubt that a country would make bitcoin as its main currency. Remember that fiat/paper money has no value and it is only a representation of each country's gold reserve (which determines its value). Since bitcoin is highly volatile and its price is determinable upon the market volume, law of demand and supply, etc. this would create conflict upon a country's economic standing.

Second, adapting a digitalised form of payment would require everyone to at least have bitcoin and a stable internet connection. Since there are economic discrepancies among developed countries vis-a-vis developing countries and underdeveloped countries, this would too arise a conflict in international market tradings and other relevant stuff.

As of now I think that there's no possibility that it will happen because some people didn't know what bitcoin is and some government didn't allowed bitcoin in their country because of being risky. Also people need enough knowledge about it as well as the government if they will allowed it as their new currency.

Thank you for pointing that out. Just to add, a country cannot recognize a currency which is being prohibited by some countries. It must be widely accepted worldwide and the government must support its actual implementation.

[kyle999]

This can happen in different countries because bitcoin has a lot of equipment in all currencies.
 I think it's just that we're having trouble finding no internet as well.

[Prettygirl01315]

I think its impossible that bitcoin will be the main currency of each country your just throwing you beloved country if you do that and specially you better love your main currency because with out we can even cash out some cash and in the first place if bitcoin was gone what we gonna do if our main currency will gone also

[Andria123]

i dont know if it possible if bitcoin becomes the country currency,it because the circulation in different countries and dependent territories around the world is not capable today,maybe soon it will happen in our country,if our government will accept the bitcoin in crypto currencies in the whole world

[cryptofeel]

Bitcoin is fast becoming acceptable for most online crypto payments and of course other alternative coins are now beginning to emerge, It is clearly that the trend will keep climbing until it becomes the acceptable alternative to fiat. When countries accept them then the legal backing of the crypto world is solid and it increases trust.....

[bitctrimor1]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

I actually don't think that that could happen. In selecting a currency, countries undergo a long process, and it is also has a historical basis. And since most countries today already have their currencies, it would be difficult for Bitcoin to ascend to that status where it would be more considered as the currency of a country. That could happen if a new country would be created, and it would consider Bitcoin as its currency. I more so see Bitcoin as a currency that could interplay with local currencies than it being the prime currency of one country.

[TitanAI]

Bitcoin belongs to the internet, to the people. It does not belong to some country or government, it would not be bitcoin anymore if it would be some country's official money.

[mOgliE]

Hi,

Actually, I think that there are many people knowing about bitcoin... but completely unready to use it. They "know" it is a digital currency. And that's (almost) all.

On top of that, a country needs to have control on the currency it uses. So bitcoin can be used by people and businesses but for the moment it is utterly unthinkable for a government to adopt bitcoin.

[azhariejaya]

impossible, if bitcoin becomes a country currency it means bitcoin is no longer decentralized, and there are still many countries dealing with the issue of bitcoin legality, and if the legality is still difficult how can bitcoin be the currency of a country.

[google98]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

Regarding the second question, whether BTC can change the country's economy for the better, I think BTC has done so since it was set up.
And if it can become a country's official currency, why not. If there is such a government that wants to get rid of the banks, which is I not believe. 

[Siren]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

i will accept it with all of my heart,hows this great coin can be expense anytime everytime we wanted.how this secure currency will bon our wallet without hassle of being taken by the others.this is a one great expectation so we would be enjoy the benefits of having this bitcoin in our life

[zhekinsp]

It is not possible because a signle country can not have possesion of all the bitcoin then how it is possible to be a country's national currency.But they can announce bitcoin as a legal tender in their country if they have all the cryptos regulated and recorded then they can track the usage if it is used for illegal activities.

[nikenv2212]

Bitcoin is not yet worthy of a country's currency, compared to the country's currency, bitcoins are so unstable even in seconds, to serve as currency, there is no guarantee that bitcoin will last a lifetime for used transactions. Bitcoin greatly values ​​the privacy of its users, the government will find it difficult to know, manage, or control the bitcoin

[sashulya7979]

If bitcoin becomes a national currency then there will be exact adherence to certain rules and this is its stability without ups and jumps down at least.

[snakey]

If bitcoin becomes a national currency then there will be exact adherence to certain rules and this is its stability without ups and jumps down at least.

It is impossible for bitcoin to be some country's national currency, though nations can remove regulations on it but making it as a national currency is something that cant be digested.

[beezare]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

I think, bitcoin can be a daily currency if the government also supports bitcoin and accept bitcoin as legitimate payment, but if it does not then it would be impossible