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

[Rooster101]

It will be difficult for the bitcoin even there is an international group that steadtfastly pushing it in many countries to become a universal currencies. Many governments are still against bitcoin and they've been planning to establish a global regulation for cryptocurrencies which includes bitcoin. The top coin will remain to be the altenative currency in the world unless governments changed their minds.

[jrrsparkles]

Even now bitcoin can be used by universally so the people need to use that now for everything if they want to spend or transact any money.The reason why we want the bitcoin to be used universally is because of its decentralization we can pay and store our money by iurself and we can exclude expenses for storing money and also the inflation,black money and much more.

[Smon]

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

At present, bitcoin can not become the world's common good but I think in the future it will be able to become the world's common currency because I see the bitcoin is now growing back and gradually more people know it

[rhi-eri]

I think one unique currency is impossible, but one that could be universaly it's pretty acceptable like gold or US dollars. If you go to the center of Paraguay they accept dollars the way you want, even in countries pretty closed (like Cuba) the US dollar is acceptable.

It's all about accept the currency and to understand "simply" the way it goes like people think about dollars... you spend your dollar and just know the first step ahead and that's it; so BTC must be the same as the dollar is.  

[conected]

it can be currency for global if all human know about crypto, but for a while. it can be global currency if it can be use offline mode like fiat. everything have power and deficiency, so, use it in the right place. i think crypto can use without eliminating fiat. if some people want to pay in crypto is available, and fiat too

- Common currency and global currency is actually a definition too far with Bitcoin, the first reason for this thought is that it is still a scam in the minds of so many people, although the crypto and bitcoin communities have explained this problem many times but until now, people still have no faith and still keep a distance with bitcoin. Wanting people to use is a very difficult thing, the next reason is probably the instability, the value of bitcoin always change too quickly not a good advantage of a currency, lastly is the government, they are still too much trouble with bitcoin, they have yet to find a suitable solution to control it.

[Magkirap]

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

Its hard to predict that it could happen but if we support and develop it there is a big chance that it could happen. But somehow what will happen in the fiat currency. If we push the digital currency like bitcoin we can really transact and send money easily and fast. I hope it can become world currency but we will still use the fiat currency.

[Glutius]

I think maybe. It was conceived as a single world currency. And it is universal because it can be used in most countries as a payment, as a money transfer, and as an investment. Very comfortable, I think.

[Udrujec]

Of course bitcoin can become a full-fledged global currency. He's got great technology for that purpose. And so we must continue to support it, to invest. Then it can be realized.

[phelbaby]

I don't think the government will give room for bitcoin to become a universal currency because they believed is a kind ponzi currency and also it decentralized nature will make it difficult for government to get their Taxes.

[kamBlanV]

Of course, Bitcoin has the potential to become the universal currency of the world, Jack Dorsey, CEO of Twitter said that bitcoin will replace all world currencies. he said that bitcoin will be adopted by a large population.

Bitcoin is a technology transformation and will replace all classic payment methods.

[Finestream]

Of course, Bitcoin has the potential to become the universal currency of the world, Jack Dorsey, CEO of Twitter said that bitcoin will replace all world currencies. he said that bitcoin will be adopted by a large population.

Bitcoin is a technology transformation and will replace all classic payment methods.

Bitcoin will only become a universal currency if this will be adopted by the government and that all people should have an access to it even for those areas who have no internet connections.This will take a long process but it will really happen once the government accepted it already.

[BitcoinPanther]

I do think bitcoin has a lot of potential to be the currency of the world. Primarily, it feels like bitcoin is ready to be one. With bitcoin being permissionless and borderless, anyone in any part of the globe may acquire a bitcoin wallet and can transact immediately afterwards.

Being permissionless, no one will be denied the utilization of bitcoin, there will be ni strict requirement compliance and there are no waiting time for approval processing.

Being borderless, it will not be bitcoin that will dictate where in the globe it can be used as it may be utilize anywhere in the world, instead, it will be the countries that will decide whether to embrace bitcoin or not.

So i guess yes, bitcoin is ready to be the global currency.

[chickenado]

I do think bitcoin has a lot of potential to be the currency of the world. Primarily, it feels like bitcoin is ready to be one. With bitcoin being permissionless and borderless, anyone in any part of the globe may acquire a bitcoin wallet and can transact immediately afterwards.

Being permissionless, no one will be denied the utilization of bitcoin, there will be ni strict requirement compliance and there are no waiting time for approval processing.

Being borderless, it will not be bitcoin that will dictate where in the globe it can be used as it may be utilize anywhere in the world, instead, it will be the countries that will decide whether to embrace bitcoin or not.

So i guess yes, bitcoin is ready to be the global currency.

Yeah absolutely your right and as what intended to, borderless and P2P, is one of its characteristics in which I believe would bring it in that fame because its one of a kind.

[ityandsyn]

The reason is very high potential coin and good investment for taking a investment plans.
Bitcoin is already know of all crypto investors and traders also this coin is very unique for me and good name for me also 'Bitcoin' as known as the most valuable cryptocurrency.

       Yes Bitcoin is a good investments but it is not applicable for a universal global currency because of its decentralize in monitoring and all Bitcoin holders are anonymous , but since the world were really need a universal digital currency , I may suggest to have a centralize coin to fit the function and purpose .

[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

[Qurelal]

Cryptocurrency can become the universal currency of the world. I don't know if Bitcoin can stand it. Bitcoin was the first and obsolete in 10 years. Bitcoin should release an update or someone else will take its place.

[knightmairesaint]

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

In my own opinion, Cryptocurrency can not become an universal currency.Still we need to use fiat or physical money everyday and many people will complain if that thing implemented. Crytocurrency has a limitation too when the technology suddenly down our transaction will be mess. Bitcoin can be good as a one currency of a country not a universal currency because it can not replace all of the currency of the world. Though Technology can really help us for the fast transaction still we need to plan if its good to be a universal currency or not.

To become it universal currency it will be a long journey because it will going thorough a deep research to proved that it can really help the market economy of the country.

[Mandevil]

Not only do I think that it will become a world currency - but I strongly hope so. despite the fact that many now mistrust crypto - I think that Blockchain is the future, and society will come to the right choice.

[Gheka]

Not only do I think that it will become a world currency - but I strongly hope so. despite the fact that many now mistrust crypto - I think that Blockchain is the future, and society will come to the right choice.

You can always hope and be positive about the future of crypto, blockchain or bitcoin, but the reality is still the reality, your hopes still can not change the fact that bitcoin forever can not become the universal currency of the world, regardless of whether it has a lot of growth or success, it can only be investment, not currency. Because the nature of the bitcoin from the beginning is so, it was born to make a profit for investors, people make money through the instability of it, the profit that it brings is too big, it makes the government nervous and uncontrollable, which also makes it unsuitable for the condition of a currency.

[Tetutu]

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.