Can Bitcoin become the universal currency of the world? What is the reason?

[jakezyrus]

Yes it is possible and infact it is already happening . we people are already using bitcoin and the reason why we love it is because bitcoin is amazing .  bitcoin can do what fiats or traditional currency cannot possibly do plus bitcoin do also have a special feature and that is its anonimity . we are anonymous as long as we use bitcoin though that is only partial since we can still be traced thru our public addreses but that has a patch for that .

[Arthurjone]

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

I totally agree with you. Bitcoin will soon become the currency of the world and i suppose that it will dominate the world currency at the same time.

[koelen3]

As of today, there is no question that bitcoin is best positioned to be the global currency.  First off, it's blockchain has been tested farr more so than any other coin and it's not even close.  People often look this over, but it's imporant to remember that until your blockchain is tested with billions and billions of dollars it's just conjecture to say that your chain is better and or more effecient (looking at your bitcoin cash).  Bitcoin will also become more and more effecient throuh further adoption of SegWit and the Lighting Network.

[bitcon]

Unlikely to become the universal currency of the world. It's more likely that it will succeed along fiat however.

In a way, it has already become a universal currency. It can be used in any place of the world (where you have the Internet, sure). However, Bitcoin will never replace the traditional money, which is more convenient.

[aliceHortrex]

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

Yes, with very many likely. Even if not bitcoin, then any other cryptocurrency. We must understand that cryptocurrencies are already the future that has come and that is undergoing a period of transformation (so to speak, the puberty period ). Now is not the easiest time for any cryptocurrency and for the market as a whole, but when such institutions as universities support this initiative, there is certainly hope for the future.

[tahozor]

A value that can be used as money should have some “physical” properties. These usually include the following: the value must be small, uniform (that is, of the same type and quality), durable, transportable and fissile, and it must have a high value per unit of measure and be universally recognized as such value

[millgates]

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

It is already become a universal currency, bitcoin is adopted by many people around the world. Bitcoin is decentralized currency which mean that there is no central authority who control it unlike fiat currency which is controlled by governments. The use of fiat currency by international people will affect the economy of the country which control it.

[iMark]

Unlikely to become the universal currency of the world. It's more likely that it will succeed along fiat however.

In a way, it has already become a universal currency. It can be used in any place of the world (where you have the Internet, sure). However, Bitcoin will never replace the traditional money, which is more convenient.

Right, actually bitcoin is already a universal currency, as you say you can use bitcoin anywhere, and anyone from any country can
use bitcoin. but to replace fiat as a conventional currency, it will never happen man

[conected]

Unlikely to become the universal currency of the world. It's more likely that it will succeed along fiat however.

In a way, it has already become a universal currency. It can be used in any place of the world (where you have the Internet, sure). However, Bitcoin will never replace the traditional money, which is more convenient.

Right, actually bitcoin is already a universal currency, as you say you can use bitcoin anywhere, and anyone from any country can
use bitcoin. but to replace fiat as a conventional currency, it will never happen man

- I do not think we can call Bitcoin is a universal currency, as you say, we can use bitcoin anywhere, in any country but the important thing is that people around us still do not accept it or if someone accepts, the scope is also very small, only around the bitcoin users, it can not touch the level of the whole world. Even if it can grow and spread, this is still not possible with it, the government and many people still do not want to hear and do not like to use it, people just prefer to use traditional currency as you say, Bitcoin is the universal currency is only thinking of Bitcoin users

[S4VV4S]

Unlikely to become the universal currency of the world. It's more likely that it will succeed along fiat however.

In a way, it has already become a universal currency. It can be used in any place of the world (where you have the Internet, sure). However, Bitcoin will never replace the traditional money, which is more convenient.

It's just in some country, not all of country accept Bitcoin for payment or become a universal currency.
But I think in the future Bitcoin will become universal currency when the people already having the good science about Bitcoin.

[repear7]

Yeah, bitcoin is very likely to become the world's universal currency if the IMF (International Monetary Fund) gives bitcoin legal status. I am sure that if the IMF binds transactions with bitcoin, it is certain that all countries will accept bitcoin easily. Bitcoin is a great and sophisticated technology that is more easily accepted by society than other crypto currencies. Besides that, the presence of bitcoin brings a new history that in currency technology can be developed to become more powerful and increasingly able to facilitate human work, especially in terms of transactions. Bitcoin has a huge opportunity to become a universal crypto currency because in popularity and public trust, bitcoin is no doubt. I'm sure that bitcoin is able to compete with the world's legendary fiat currencies such as the dollar and euro. Bitcoin is able to compete because bitcoin is supported by blockchain technology that is very great.

[zarinalnr]

Bitcoin gives people the freedom and opportunity to make transactions privately, without paying taxes. The government will not be able to accept this soon. Not all this will happen soon. Although it would be cool!

[Aaron Eisenheim]

Yes, the possibility of bitcoin is emerging as a new global cryptocurrency. Bitcoin was touted as an alternative for traditional currency with more market share. Twitter CEO Dorsey told "The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin"
To know more:https://bitcoinlvx.com/

[saumang2m]

Yes I think that Bitcoin can become universal currency. It can be a lot of reason. Like many people are connecting to Bitcoin every day. Because of which Bitcoin is getting more popular.

[junglist.massive]

Of course we can, we have seen the progress at this time, more people have opened their eyes for Bitcoin, and there are still many positive things that can be implemented in Bitcoin that will make more people interested to use it. Donation to university is a good step but I think Bitcoin is more than that, it can be used for many things in the university and because it’s a place where educated people, they should be able to understand Bitcoin and how to use it.

[tiktak89]

I very much hope that this will happen, because the idea of using a single currency around the world seems to me very convenient, it erases financial boundaries between countries, and also greatly simplifies the life of every person.

[Elerntta]

I think that this is quite real for bitcoin, especially since it was conceived for this purpose. The main thing is that we ourselves-ordinary people, as well as the government, have allowed it to fully develop and be used.

[rodskee]

Not possible to reach that goals for bitcoin becomes world universal currency
The internet modernization was continue to improve worldwide later on even the remote area have an interest

[Marbelli]

of course it can. he has a very attractive technology and the main problem at the moment is the problem of scalability

[Lexurdania]

I dont think bitcoin become main world currency. Many government will not approved it because it reducing their power on money supply beside that, i am believe bitcoin become an asset like gold but more flexible than gold and can use as payment in merchant

Bitcoin will not be the world currency, because some factors that are difficult to accept in some countries or large companies of the world such as bitcoin are anonymous so it is prone to be used for  crime. But I believe that bitcoin will be widely used in the future, as a companion to fiat money. Where people can choose to use bitcoin or fiat money.

Indeed, bitcoin will be widely used in the future. If government regulate bitcoin as payment, i am believe it will be often to use but as alternative currency beside fiat money. But maybe become main currency in internet