Bitcoin as the national currency of the United States

[Klovezio]

Over the next 10 years, the capitalization of the crypto currency will reach $ 100 trillion, 10% of which will be accounted for by bitcoin. This forecast was voiced by a well-known venture investor Tim Draper in an interview with TheStreet.

A long-time supporter of bitcoin said that the fiat currencies will be out of circulation very soon. Draper also said that he has enough crypto currency to live in the next four to five years without needing anything. Therefore, he is not interested in keeping money in fiat currencies, since they are depreciating over time.

"Recently I talked with people from the Federal Reserve and told them that they should look for a new job in the next 10 years, because during this time there will be no need to use centralized currencies," he said.

According to Draper, if Donald Trump had asked him to develop a "US crypto-currency policy," he would first of all make bitcoin a national currency.

"I think that in the next four years there will be a big change, and people will make mass purchases in the crypto currency," the investor suggested.

In his opinion, the US needs to create a separate body to regulate the crypto-currency market, which would not be subordinated to the Securities and Exchange Commission or the Commodity Futures Trading Commission.

Link to the source https://forklog.com/tim-drejper-ya-by-sdelal-bitkoin-natsionalnoj-valyutoj-ssha/

I have my own opinion about this. Do you think that bitcoin was invented to replace the dollar system with crypto currency? Are the Rothschilds and the Rockefellers standing behind this plan? Will there be global decentralization or will global financial slavery await us?

bitcoin is just one kind of investment. It is convenient money transfer method. But it won’t never replace any national currency. Nobody wants to have all money which price is volatile every single day.

[bitcad4u]

Now in many countries accept as asset.And in U.S ,bitcoin is widely used  investments asset.So bitcoin had some chance to became a national currency in U.S.If any one from U.S,just hold your valuable.When the price of bitcoin reaches maximum,you will get additional dollars.

[oxonhu]

10 years is not long time for new world. in this time many new invent or discover can happen. So btc can be currency for whole world not just for USA or something new replace bitcoin and we wouldnt talk about bitcoin maybe. so there is no a real prediction.
Quantum computers or AI can find new thing for new world. so we'll see

[5ensei]

America is influential in all aspects of the global economy so if they make bitcoin a national currency then most other countries will follow. I don't think it will happed in the next few years, but I think it will in other countries - especially in developing economies.

[Kiweikoo]

The idea of the author  is interesting, but so far bitcoin is a national means of payment only in Japan, where even cosmetic services can be paid with bitcoin.

Just look at the easiness and simplicity Bitcoin has introduced in the world. No printing of money, no nothing. As far as Bitcoin being the national currency of America is concerned, almost a huge part of Bitcoin users are Americans.

This means America already hold a big share of Bitcoin and can be thought of as a hidden big Whale that we have not seen yet. Yes Bitcoin is not owned by anyone but there are manipulators who can do the job of owners. They have a great control over the crypto.

[arthotdog]

I respect his opinion because all of us are free to say what ever we wanna say but that doesnt mean i support hes statements and outviews,yes bitcoin will still dominate the cryptoworld with higher cal just like wht he has having now but being  national currency of america?thats far from reality

We know how hard America fought for his country and counterfeit so i see no reason why the us government will allow this to happen

[keskass]

The whale will thinking to break down the country like they pump and dump the crypto market.. besides they(US) have new idea to save a crypto and make it great again. then altcoin will following the success. But rostchild and allied would not do it

[passwordnow]

Bitcoin won't become the national currency of United States, many will subject and be worry about it's economy situation if that happens.

I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.

I agree with you because it is impossible. We all know that bitcoin owners are all of us and the form of system owned by bitcoin is centralized so that no country can make bitcoin as the official currency of the country. The most likely thing is that bitcoin becomes a companion currency and is at least recognized for its circulation. The regulation is very possible because each country must have its own currency. By making the right regulation, bitcoin can be one of the most powerful financial systems because it can be recognized globally. It needs cooperation of many countries if you want to be bitcoin much more stable. Bitcoin is a form of technological advancement and if this is applicable then bitcoin is the largest financial system in the future.

Also US economy will be manipulated if they will allow bitcoin as their national currency.

It can be an advantage to us who are holding bitcoin but the government won't do such decisions like that. They are staking their entire country's economy if that happens.

[swiftcoder]

They are a few things that will never happen in the world . This is one of them

[dusunbesemah]

Do not be surprised by this one country, America is a big and advanced country. Americans do not want to be left out of other countries so America wants to make bitcoin as the national currency.

[goyal.dkg]

idea of decentralized currency is good and we should adopt it soon to save ourselves from fraud banks .
but problem with bitcoin is not only fee and speed , but big issue is the supply dominated by whales , few whales have much supply of bitcoin and if in such case we make it national currency then it is same like giving key of economy to those whales . so we need a better solution for making it truly decentralized and equally distributed currency .

[BruceJu]

Your metaphor is not correct. I don't think Bitcoin is in the United States or in other countries. I think Bitcoin is human and can be used by people in every country. It does not mean that the mining machine has mastered the market and market. No country can control Bitcoin.

[tanghere02]

I think its just too much of a speculation if bitcoin would be the national currency of the country United States. It would be useful if it is just tagged or named as it is right now.

[bit..what?]

I can not imagine like that america would dare to take this step, even if i personally would like it.
Such an announcement would certainly bring bitcoin to a new ath.
It would be nice, but it is not more than speculation at the present time.

[rayk]

It will not definetely be a national currency because it has nothing to do with nations and replacing usd with bitcoin as a national currency is nonsense. It will be world currency.

[susuberuang]

if bitcoin can be a national currency in united states it seems good news because with that information and development I'm sure bitcoin can be very expensive because its demand will surely increase. so you better buy bitcoin at this time also while still cheap price.

[jack107]

Then what do you think about stablecoins? I think ones like Havven pave the way to mass adoption since the biggest obstacle to crypto is price volatility. I would NEVER buy coffee with btc lol

[Minor Miner]

I'm fully sure that the crypto currency was created not by chance. Most likely this was a forced measure, because the world's financial leaders realized that the old financial and economic system is becoming more and more inefficient. I'm confident that the crypto currency will be implemented everywhere, but this process will be very slow.

[other_slides]

I think that the US is the last to legalize the crypto currency, since this country is categorically against any cryptographic activity. But I agree with you and I think that this event will necessarily come.

[tabas]

I'm confident that the crypto currency will be implemented everywhere, but this process will be very slow.

It's okay if the process will be that slow as long as we see the progress has been carefully reviewed and adopted by any state not only on US but for other countries as well.
Satoshi won't create bitcoin in the first place if there's nothing wrong with online payments including the delays, high fees and other concerns that users are feeling the pain.