Bitcoin to be used as world currency?

[Tatars kun]

For the simplest and most comprehensive view, we can look at the following example: Tom has a flight from Berlin to Seoul and luggage empty 5kg of portable. Maria living and working in Berlin want to send her friend in Seoul a 5kg gift parcel. If Maria sent by conventional means of transport such as DHL, GRS, etc.

[ys fs]

maybe, bitcoin will be used to world curency, because bitcoin is now beginning to dominate the world market

[gaurav82]

Yes, it is possible to Bitcoin used as world currency but I think it's hard to replace fiat currency. Bitcoin is online currency which can use worldwide. Soon I think it will option of payment worldwide. Traditional currency is physical currency and Bitcoin has not physical form. For daily small needs we need physical currency. Online payment not possible in most of countries. So it's hard to replace traditional currency. But in future anything is possible.

[FlexBrah]

It's unlikely that bitcoin will replace fiat money, too much has to happen for this. Maybe traditional money will use blockchain technology and paper money will no longer be used. There will be a digital society.

[layoutph]

Bitcoin can't be the world currency why? Because the government wants the currency to run under their control. But crypto currency is rumored to become the prototype of the next coming versions of fiat. They said that Russia, Japan and China are already creating their own crypto coin. Meaning every nation would create their own coins. Soon everyone could trade with other currencies using his fingertips. There are also probability of having a one world currency if this happened.

[hefjor]

For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,

I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.

What are the possibilities and stopovers??

I think it's harder to enforce the country to change the money they use because it's going to be more complicated in the process because bitcoin is not fully centralized because theres a lot of issue about bitcoin which is not good that make government cant implement bitcoin as a fiat money and then the hackers and scammers spreadout if that will happen . But if each of our country implemented that our economy grow faster thru bitcoins usage thats hard thing to make as easy such as mode of payment system.

[Asawakobana2017]

Bitcoin can't be the world currency why? Because the government wants the currency to run under their control. But crypto currency is rumored to become the prototype of the next coming versions of fiat. They said that Russia, Japan and China are already creating their own crypto coin. Meaning every nation would create their own coins. Soon everyone could trade with other currencies using his fingertips. There are also probability of having a one world currency if this happened.

Yes I agree on that. It is really impossible for bitcoin to run us a world currency. Because we have. A different governance and we used different money. If we use bitcoin as a world currency maybe we also need to have one governance which is really impossible. I think bitcoin will not going to be the world currency .

[CryptAssist]

For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,

I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.

What are the possibilities and stopovers??

Well it would need higher transaction capability. And anyway, it's too volatile for a reliable currency in my opinion. GREAT for speculation purposes.  

[umbara ardian]

when bitcoin is used as the world's digital currency it seems that it will make the bitcoin price to be expensive and will make the bit supply of bitcoin very little because bitcoin has a very high demand.

[vinbitpon]

This is a great news indeed and will be beneficial to all people around the world. But the thing is, it is still a long way. Some countries were still unaware and still did not open its door to this innovation. In addition, it will definitely affect the world market so it needs further studies and considerations.

Looking forward this will happen in the future.

[bstewart]

when bitcoin is used as the world's digital currency it seems that it will make the bitcoin price to be expensive and will make the bit supply of bitcoin very little because bitcoin has a very high demand.

Yes, considering the world's population relative to the supply of bitcoin, there is tremendous room to grow within the near future.

[Demughni]

For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,

I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.

What are the possibilities and stopovers??

Bitcoin to be used as world currency, I think it is possible. Maybe in the future when the bitcoin price is more stable , it will happen.

[Duogembrot]

bitcoins are made into world currencies and used for all countries to pay for anything they want it seems very unlikely because I think bitcoin has a very limited supply of possibilities most likely bitcoin will be in play price.

[chara78]

I do not think it will probably be used as a world currency, because of the rising and fluctuating value of Bitcoin, the beginning of the goal of creating Bitcoin as a digital currency. But it does not rule out that in the future Bitcoin could be used as a coneventional currency.

[websing]

Bitcoin that is not affiliated with a country in my opinion is very likely to be used as world currency for trading. Without any affiliation the influence of a country's circumstances to the value of Bitcoin would be minimal, so Bitcoin would be more stable in its exchange rate.

[unsianofarhan]

for the possibility is still very small because the value of bitcoin is still not stable, so more precisely for now used as an investment asset but one day the possibility to become the world's currency can also be.
essentially for now you investlah in bitcoin because one day will be useful

[BlossomSp]

I do not think it could be used as a world currency, because its value fluctuates frequently. I hope it is still a high value currency and is a long-term investment and a great profit for everyone.

[Tytanowy Janusz]

I do not think it could be used as a world currency, because its value fluctuates frequently. I hope it is still a high value currency and is a long-term investment and a great profit for everyone.

Why do you think bitcoin is fluctuating that much? Beacuse its very small market. Imagine this numbers:

30% of bitcoins are lost (wrong adress during transfers, lost keys etc)
part of them are on cold wallets - long term investors or peapole that are using it (yea it can be usefull).   In japan you can go shoping with  only bitcoin wallet.

So lets say 50% of them are making price on market - 8 000 000.

Now let see how much money you need to came to this market and put bitcoin price to 20 000$ form 8 000$ in one day

20 000 * 8 000 000 = 160 bil - there are people with this amount money - single person can set price to 20 000 $ tomorrow. (160 bil is maxiumim (he will buy all bitcoins on market). If price will skyrocked lots of outsider will jump in and i think than less then 10 bil will be spend to this jump)

Now imagine how this numbers changes when mass adoption comes in. Bitcoin slowly go to 1 mil - 5 mil $ in next 10 years. Istitutional investors jump into market. It wont move that easyli anymore . It will need amount of money that noone is possible to spend to move price 1-5% (like other currencies on forex)

the only explenation of bitcoin fluctuating that much is size of market.

[kimochidesh]

Your doubts are completely true that Bitcoin cannot replace fiat currencies. I am quite sure about this. Bitcoin has not yet reached a stage that it can act as prime currency. There are so many loopholes that need to be fixed. It has to be regulated and some standards need to establish against which Bitcoin will be compared. I don’t think so government will provide such support.

[Yatsan]

I know it is easy to search at google site but can you provide some evidences or links for more sites to get and it will be more reliable. Vatican is influential place. Big impact of Roman Catholic religion. People there love their church leader. One day if they will make a first step with the relation of religion it is not hard to convince the people about the one world leader and should have one world  currency.

On its own, bitcoin could really notnimprove and be able to become a cryptocurrency suitable for all types of transactions, be it micro or macro. However, blockchain technology has bitcoin's back, and has since been the one to support and improve bitcoin with updates that would prove beneficial later on. So yes, bitcoin could still be a world currency with the help of blockchain technology.