Will Bitcoin become the reserve currency of the world?

[endut15]

It depends on what you mean by this value. I think that Bitcoin will be mainly used by citizens and will be mainly for carrying out large-value transactions. States and business structures do not seem to use it as often because of its high volatility. However, all this will depend on how well Bitcoin will be improved.

no one knows, how the development of bitcoin will be in the future, whether what you say is true, or vice versa, so we all never know how in the future, our desire for future bitcoin can be used as a currency. even though it's only a side currency.

[Kuchiyose]

It depends on what you mean by this value. I think that Bitcoin will be mainly used by citizens and will be mainly for carrying out large-value transactions. States and business structures do not seem to use it as often because of its high volatility. However, all this will depend on how well Bitcoin will be improved.

no one knows, how the development of bitcoin will be in the future, whether what you say is true, or vice versa, so we all never know how in the future, our desire for future bitcoin can be used as a currency. even though it's only a side currency.

Absolutely true, something that cannot be ascertained about what happened with Bitcoin in the future because all have high hopes and ugliness in the future with the existence of several governments that do not like Bitcoin.

[iv4n]

It depends on what you mean by this value. I think that Bitcoin will be mainly used by citizens and will be mainly for carrying out large-value transactions. States and business structures do not seem to use it as often because of its high volatility. However, all this will depend on how well Bitcoin will be improved.

no one knows, how the development of bitcoin will be in the future, whether what you say is true, or vice versa, so we all never know how in the future, our desire for future bitcoin can be used as a currency. even though it's only a side currency.

Absolutely true, something that cannot be ascertained about what happened with Bitcoin in the future because all have high hopes and ugliness in the future with the existence of several governments that do not like Bitcoin.

Bitcoin can become global reserve currency, why not, but will it happen or not, we will see about that yet. I think in this faze it`s too early to even discuss about it, because it can`t happen anytime soon. Governments are not ready to get into bitcoin , they can`t trust in something so new and untested. If they dare to get into it they will need to have miners, they will need to have some kind of control over transactions. We see more efforts towards regulating Bitcoin, which also gives it more legitimacy in the long run, but years will pass before anything happen on global level. We need to wait more countries to adopt and legalize bitcoin and crypto currencies, after that we will see some moves on global level.

[Valer4ik]

that you so believe in this halving do not understand ...

Now every hamster knows about halving, and it is already embedded in the current price.

On the costs of miners in general, do not give a shit to everyone, everyone loves only to be jealous of income.

When the time comes to halving, there will be no rush, the maximum of the big players will try to organize a pamp, but it will be as short as the one that was this winter, if there will be.

[kram31]

I think bitcoin deserves more than a reserve currency.
Most people in cryptocurrency world are looking forward to BITCOIN as the mai currency to use world wide.
With the support of many alternative coins. this will happen very soon.

[muddy waters]

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? 

Your scenario is unlikely to take place in the nearest hundred years, or at least while the US (and China with its yuan) remain the wold's leading economies.
Rome was not built in a day, and in the same way btc will not become as widespread as the current fiat leaders - dollar, yuan, euro, won.

[Dean Collins]

Bitcoin could become a global reserve currency, but it will not. Two main similarities are the lack of control by the authorities and a limited amount of gold and bitcoins. Recall, the algorithm limits the number of bitcoins 21 million "coins". If bitcoin becomes a world reserve currency, then on its basis central banks will be able to issue their fiat money. Issuing fiat money will be one of the last opportunities for central banks to influence monetary policy. At the same time, if bitcoin becomes a standard, then a moderate increase in deflation will occur. But after reaching a certain level, its speed will be minimal. At the same time, the introduction of a new standard will not abolish economic crises, they will continue to occur.

[lornadane]

Do you think Bitcoin will become the reserve currency of the world sometime in the future?  

No, I don't think Bitcoin will become the world's reserve currency. Because there have many facts of course. Bitcoin is popular but not enough familiar with every people of the world. Bitcoin has volatility nature, anytime its price can go very high or low, no one has bitcoin's control. Bitcoin is not helpful for the developing country because its tax-free, World has better currency than Bitcoin. So, bitcoin can't be the reserve currency of the world.

Since most altcoins in the market today, are dependent on Bitcoin's price movements,

I agree with it, without bitcoin's good movements, altcoin will not be big! Bitcoin dominate the crypto market, that is why many people know the cryptocurrency market only for Bitcoin.

[hastag_80]

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? 

Actually my opinion about this if the cryptocurrency someday would become the reserve currency of the world,its would only been happen if its accepted as being  regulated and legalized by the world government as part of the monetary fund of all over the world,and its will become a legitmate parts of world exchange currency fund,but  for as of now thats its only a digital figures and not totally global accept this cryptocurrency,its will serve's as only part of economic investment.

[ipanks]

Before bitcoin can accepted as a currency, we need approval from all country, and they agree to use bitcoin as the next currency in their country. And if this is happening, then bitcoin can go as the second currency or even for the main currency in every country. But we cannot see this is happening in the next year because every government still need to study more about bitcoin especially about blockchain technology (or they already did?). Maybe they want to find out the other benefits for the country and of course for their citizen.

[rhodelmabanal]

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? 

Yes of course, when time ends about the real money. The bitcoin reservation will be the currency for a new world of digital. So it means the people will still have a chance to be aware of, the government will be notified for this.

[criket]

Yes of course, when time ends about the real money. The bitcoin reservation will be the currency for a new world of digital. So it means the people will still have a chance to be aware of, the government will be notified for this.

I think the government certainly knows this, I'm sure they are also aware of the development of bitcoin in the world. unfortunately, now the use of bitcoin as a means of payment is still very limited. most people who have bitcoin, only hold bitcoin as an investment asset. because they are interested in the benefits that will be obtained. they do not intend to use bitcoin as a means of payment. but everything becomes possible when later bitcoin will become a legitimate digital payment instrument.

[Chrystora123]

i don't think so, just logic Bitcoin only circulates as many as 21 million coins and the population on earth is almost 7 billion, if we just take the average person who holds another currency other than their country's currency as much as 1 billion then the amount of Bitcoin will be less. so I don't think Bitcoin is suitable as a reserve currency, which matches Ripple or Tether (USDT)...

[Captain Sneeze]

I guess Bitcoin can be a part of payment system as what it is now in some countries in the world. It is basically used as money too. But I can say that it can never replace the traditional and tangible money. I believe that if it happened, the billing and payment system would be more convenient. But noticing those countries who aren't into the world of cryptocurrency. I guess it is as 90% impossible and 10%possible.

[Johnzky]

Well such a small volume to be consider as reserved of the World currency,maybe its better to say that the Cryptocurrencies,(but ofcourse those legitimate and proven coins only,not those shitcoins and scam)

What i am looking forward is every countries will create their own cryptocurrency and use them as reserve,from that maybe the possibilities that world may accept the idea

[Coin_trader]

Bitcoin is now accepted globally but i don't think it would be the reserve currency of the world even in the future since every government has already have their reserve currency and i don't think it could be replace by Bitcoin or any altcoin. One is for sure: Bitcoin will grow and it would be a very important part of the world's financial system.

[antisocial77]

Do you think Bitcoin will become the reserve currency of the world sometime in the future?  

No, I don't think Bitcoin will become the world's reserve currency. Because there have many facts of course. Bitcoin is popular but not enough familiar with every people of the world. Bitcoin has volatility nature, anytime its price can go very high or low, no one has bitcoin's control. Bitcoin is not helpful for the developing country because its tax-free, World has better currency than Bitcoin. So, bitcoin can't be the reserve currency of the world.

Since most altcoins in the market today, are dependent on Bitcoin's price movements,

I agree with it, without bitcoin's good movements, altcoin will not be big! Bitcoin dominate the crypto market, that is why many people know the cryptocurrency market only for Bitcoin.

bitcoin is not popular yet and other facts you talk about (tax,volatility, etc) are all depends on time.we dont say its going to be near future, crypto is so new to world.what for this rush? it needs a time but it will happen.

[bright4mech]

That is true talk, because I have nothing much to say that, bitcoin has the potential to be next world charge economic world wide with the growing of technology, secondly it has been stated clear that the many nation are currently using bitcoin as a means of payment.

[dimiinx]

in my opinion it could be that it's just a matter of time and approval from the government to act in fact gold and precious metals can be invested automatically if you can invest or make a backup. Bitcoin must be able to be like a precious metal almost like

[Utuhikan]

I don't think Bitcoin will be able to replace USD as a common currency, but bitcoin can be an excellent alternative to an exchange transaction because of the use of blockchain technology, business processes with blockchain technology are very easy and transparent, that's what makes bitcoin more popular. But again I still doubt if bitcoin can replace the role of USD completely.