[Prediction]Will bitcoin become global currency in next 20 years?

[disappear4ever]

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing -  at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

[Asusnumbaone]

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing -  at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

I think no, because the bitcoin price is for the technology platform and it is hard to change other currency because of the value not only the price but the people who are in the paper currency. Bitcoin price are always changing and it cannot be helpful to the economic of the many countries.

[ruybanoya]

this's posible. because bitcoin is real.

[disappear4ever]

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
Bitcoin not just a icon, it surely will play an important role in global market as a payment tool, together with blockchain technology development & more and more consumers reach consensus to accept cryptocurrency as a payment. In other words, if there is one cryptocurrency which can be a global currency, it will be bitcoin.   

(2) Will bitcoin become global currency in next 20 years?
Definitely. Recently more and more stablecoin created to meet the needs of investors who needs them badly because the cryptocurrecy price fluctuation  not suitable as the intermediary of payment, also central banks are also pay attention to blockchain as FOMO, but they will not give up mintage power to 3rd party cryptocurrency like bitcoin, more likely they will make their national sovereign currency digitalized (in reply to Pomp twitter), so they are still national currency, but national cryptocurrency. USD as a anchor of stablecoins will play a even more important role in crypto world, but we still need a original cryptocurrency - that is the opportunity of bitcoin.

(3) How bitcoin can change our society and daily life fundamentally?
Bitcoin changed our society from the recognization of the new world by combining new technology with economics together, which changed the relation of production, we all will benifit from its evolution into corners of our society.

(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
Financial sector, supply chain, games...etc. But most important part is it can be used by majority of people in our society, not just 3rd party & companies. 

(5) How long it will take to see the bitcoin price skyrocket to $100,000?
In 10 years, let's wait & see, just be patient 

[tiggytomb]

I certainly hope so, or if not bitcoin there will be a digital currency that will operate on a blockchain.  I want your like to think bitcoin would be the one but I think governments will more than likely create a new one that hasn't already been out there amongst the little people.

[killat]

In year 2000 there was an end of IT bubble on global stock market. Guess what happened before? Everyone was buing stocks of IT companies, no matter what this company was doing, no matter if this company had profits or not. Company making shoes decided to go into IT market? Great, stock price was 100% up in less than a month.
Thats bubble.
Growth without any reason.

Can any crypto coin be replaced?
YES, we may have new very popular coin that may be more popular than BTC.
Can Euro or USD be replaced?
NO

[disappear4ever]

I certainly hope so, or if not bitcoin there will be a digital currency that will operate on a blockchain.  I want your like to think bitcoin would be the one but I think governments will more than likely create a new one that hasn't already been out there amongst the little people.

Yes, government more likely to have cryptocurrency transformed from their national sovereign currency which is similar as the currency world nowaday, but I guess bitcoin price will tend to be stable or less fluctuated after blockchain in dominance position.

[disappear4ever]

In year 2000 there was an end of IT bubble on global stock market. Guess what happened before? Everyone was buing stocks of IT companies, no matter what this company was doing, no matter if this company had profits or not. Company making shoes decided to go into IT market? Great, stock price was 100% up in less than a month.
Thats bubble.
Growth without any reason.

Can any crypto coin be replaced?
YES, we may have new very popular coin that may be more popular than BTC.
Can Euro or USD be replaced?
NO

I remember those days that IT bubble ended in 2001, Nasdaq got more than half cut, and it is a good point in comparing with IT bubble, but do you think now blockchain in the period as internet in 2002 or earlier? In early internet times, at least we have popular application like email and website(https), what does blockchain has until now? cryptocurrency? When can we have the simple universe application?

Regarding cryptocurrency, I think the current stablecoin is not stable as they anchored to USD, central banks are eager to put blockchain technology into their national currency and not use any cryptocurrency to replace their fiat, so from this perspective, I do not see any possibility to make bitcoin globalized, but on the other hand, this may also create opportunity for bitcoin when the transaction get faster with low cost, user friendly...etc, because it is almost impossible for all the countries in the world joint to ban it, it all depends on itself.

[Herbert2020]

bitcoin has always been a global currency! that is not something it becomes. bitcoin is designed to be a global (boarderless) currency and has been exactly that from the start. all the drama about the price and the rest are the things people introduced for themselves afterwards and they have nothing to do with bitcoin itself because you can choose to use a currency as something you HODL, you can even HODL US dollar but that doesn't make dollar less of a currency.

it is interesting that you are doing it yourself too by contradicting your own statements. your title says "currency" but then all you focus on is the price! and that is one of the reasons why the mass adoption has not yet happened. because people talk one way and act another.

[jack long]

It is still difficult to predict, 20 years is still a very long time, even if bitcoin becomes a global currency, this is certainly a long process because there may be many rules and constraints

[MichaelOwen]

20 years later? entirely possible . We have the right to hope for a bright future. At that time, people were able to use bicoins in their daily lives as money, even in remote areas. If that becomes a reality, it will be great

[Pursuer]

what you need to realize to get the answers to these question is that bitcoin is what it is! if you read the bitcoin paper you can see that the aim of it is perfectly clear. and the design is in a way to help reach that goal of being a decentralized payment system.
now what people use this design is up to them because bitcoin is never supposed to restrict people  and force them to use it in a way that they don't want to.
so for your #1 for instance, when people use it for trading that  doesn't change bitcoin's nature. it just shows those particular group of people are using bitcoin in one possible way.

[disappear4ever]

bitcoin has always been a global currency! that is not something it becomes. bitcoin is designed to be a global (boarderless) currency and has been exactly that from the start. all the drama about the price and the rest are the things people introduced for themselves afterwards and they have nothing to do with bitcoin itself because you can choose to use a currency as something you HODL, you can even HODL US dollar but that doesn't make dollar less of a currency.

it is interesting that you are doing it yourself too by contradicting your own statements. your title says "currency" but then all you focus on is the price! and that is one of the reasons why the mass adoption has not yet happened. because people talk one way and act another.

You know I do not mean that "global", bitcoin born with decentralized, the point is how it can be used by everyone in the world in their daily life.

I am not focusing on price at all - sorry if it  makes you come to that - actually it is like a joke, such as "when to moon"...

What I am focusing on is how this bitcoin & blockchain can change the world fundamentally.

[disappear4ever]

20 years later? entirely possible . We have the right to hope for a bright future. At that time, people were able to use bicoins in their daily lives as money, even in remote areas. If that becomes a reality, it will be great

Exactly! We all looking forward to it.

[palle11]

(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?

I suspect that the media will be the first industry for mass adoption because the media at the moment is ready and waiting for any positive insightful news. Also, they (the media) realize the possibilities that are with digital currency investment. They are also the first point for communication to the public plus the trust repose on them.

[javainn]

if the development of bitcoin is still good and the development of bitcoin continues to occur right now maybe in the next 20 years bitcoin can be realized into a good coin and has the potential to become a global currency that can be utilized throughout the world, the most important thing is the development of bitcoin to this day.

[visionE2]

it is very difficult to make bitcoin for global currency because there are still many governments that prohibit its use in their countries because of its decentralized

[ScarlleeLizzie]

In the next 20 years, when bitcoin Intrusion the market it will become a global currency. With superior value and high utility, in the future bitcoin will replace USD on the world market.

[disappear4ever]

what you need to realize to get the answers to these question is that bitcoin is what it is! if you read the bitcoin paper you can see that the aim of it is perfectly clear. and the design is in a way to help reach that goal of being a decentralized payment system.
now what people use this design is up to them because bitcoin is never supposed to restrict people  and force them to use it in a way that they don't want to.
so for your #1 for instance, when people use it for trading that  doesn't change bitcoin's nature. it just shows those particular group of people are using bitcoin in one possible way.

On one hand, can not agree with you more. On the other hand, of course we can leave it for self evolution, but as a believer, I would think about what we can do to make everyone in the world benifit from it, not just from price increase, but also a better life.

[Herbys]

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing -  at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

I think that the task of Bitcoin was to show an alternative to the current financial system.

When a global currency is introduced, it will not be distributed to individuals.

"I'm sure that in 20 years there will either be very large transaction volume or no volume."                  
                                                                                                                                       Satoshi Nakamoto