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Author Topic: Bitcoin is the world’s 6th largest currency  (Read 5505 times)
patykuprova
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May 06, 2018, 09:25:43 PM
 #141

I guess Bitcoin will be able to overtake Indian Rupee sometime this year. But getting on par with the big four fiat currencies (United States Dollar, Euro, Chinese Yuan and Japanese Yen) will be a huge task. So BTC will remain as the 5th largest currency for sometime.
The task and the truth is not an easy one, but any large company can easily increase the bitcoin price. Thus, capitalization will swell.
I think Bitcoin already overcomes the Chinese Yuan and Japanese Yen already because the market cap of Bitcoin is the way much more larger than those currency.
Haven't passed USD and Euro yet but i think it's just the matter of time.

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May 06, 2018, 09:36:01 PM
 #142

if we seeing it circulation of the 6th largest currency, i think if bitcoin supply are high it can become number one, when seeing it i think thats really nice info after all
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May 06, 2018, 09:43:18 PM
 #143

Yeah in the circulation but for it doesnt matter what i need is the price. Bitcoin for me is the number 1 currency in the world. Because he can reach 12000$ and other currency cant do that
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May 06, 2018, 09:45:58 PM
 #144

Im not surprised on this facts since everyone connected on internet can use bitcoin and also given the fact that its convinient and easy to use currency when transacting online.

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May 06, 2018, 09:47:19 PM
 #145

I bet bets for at least 3-5 years to reach 1-2 places for bitcoin as currency # 1. But in this market, everything can seriously change within a week. So I won't argue.

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May 06, 2018, 10:02:34 PM
 #146

it is an interesting issue and I would like to know who has made this research and if possible could you provide with a link or any kind of reference as I wonder the great news.

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May 06, 2018, 10:05:42 PM
 #147

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?


Actually my prediction is we need more 3 to 5 years before bitcoin become the no.1 world largest currency,but before  theybcan so that they faces many more challenges and difficculties before bitcoin achieve that tittle to become the largest currency in the world,because the best rival of bitcoin is the paper money ,which such as included by Dollar ,pound,euro,and some sorth kind of fiat money.

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May 06, 2018, 10:10:33 PM
 #148

With a market that size no wonder that bit coin is the 6th largest currency in the world and the largest cryptocurrency as a matter of fact the market size is bigger then a lot of countries' gdps. And as more people are trusting bitcoin the marketbis growing even bigger and bigger.

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May 06, 2018, 10:15:02 PM
 #149

The problem is that EURO and DOLLAR are never gonna stop being printed, that is why bitcoin is always gonna be the 6th.
Otherwise, bitcoin would be much more higher on the pyramid.
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May 06, 2018, 10:16:15 PM
 #150

I think we can wait a little longer. Large investors are already seriously entering the cryptocurrency market. Bitcoin will reach No. 1 in 3-5 years maximum.

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May 06, 2018, 10:24:25 PM
 #151

Yes, of course, I really like to use bitcoins and blockchain technology. I think this is a good investment and a source of profit in the future

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May 06, 2018, 10:40:31 PM
 #152

Bitcoin is currently the world's sixth circulation currency, behind the five superpowers and outperforming Pound, Rub and Won. This figure is based on the value of Bitcoin at $ 10,765, meaning that the total value of all Bitcoins is $ 180 billion.
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May 07, 2018, 04:13:18 AM
 #153

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?


soon bitcoin will become the world decentralized digital currency that used by everyone worldwide.
many companies start to accepting bitcoin as their payment system recently. it will be good.
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May 07, 2018, 04:48:28 AM
 #154

I think it never beat US dollar even if their circulation will overtake.
US dollar uses to determine value of bitcoins

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May 07, 2018, 05:14:35 AM
 #155

Bitcoin is growing amazingly fast actually, i mean even 3 yaers ago it wasn't that popular as today.
I think if the governments won't sabotage bitcoin development, btc will slowly rise in ratings of worlds largest currency.
But so far we know our governments, i think they won't let bitcoin do that at least in the near future.
Governments unlikely let any asset, which they can't control rule the currency market.
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May 07, 2018, 05:19:42 AM
 #156

I think to 2020 it will become No1 and the most popular currency in Europe and Asia  Wink
I agree what you said bitcoin will become no 1 currency in 2020. Because in my our country Philippines bitcoin is most popular currency.
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May 07, 2018, 11:02:22 AM
 #157

Of course. Bitcoin is the best crypto currency undoubtedly. If we compare the flat money and crypto currency then undoubtedly people will feel easy to do transaction through crypto currency. There was a time when people need to go to bank to transfer money from one place to another. Though internet! Banking has been introduced but until now people are unable to transfer money minimum of only 3 $.
Overall to me crypto currency is far more better than flat money.

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May 07, 2018, 11:13:50 AM
 #158

It's only a matter of time before bitcoin becomes global number 1. I don't see fiat disappearing anytime soon though. A few generations of people will need to come and go before new generations get used to using crypto for everyday spending.
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May 07, 2018, 11:17:54 AM
 #159

when later on around the world already know the benefits of bitcoin I am sure bitcoin will be number 1.
maybe in 2020 can be the number one 😋

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May 07, 2018, 11:20:20 AM
 #160

Poor Russian ruble Grin The lvl of BTC is even now higher then a lot of centralized currencies.
Future is near, if we have not got dictators in goverment, BTC became an official currency  a long time ago.
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