Will Cryptocurrency be a Global Currency in the Future?

[syedakhlaque]

BTC being a global currency in cryptocurrency is real, but not for the world. because what I see if it becomes the world's global currency it will be difficult because now not all countries approve of bitcoin and recognize bitcoin as one of the global currencies

Although there are many problems and difficulties in travelling Bitcoin. But this is satisfied that its popularity acceptance  & adopting is increasing day by day. The legal process is also continuing towards betterment. It has crossed many limits of borders and this process continues successfully.
If we look into fifty years befoe, then no one can say that the invention of the computer and then internet development will make this world a Global village. But today you can see it has happened. So there is also the possibity that crypto may be a Global currency in future.

[Marvell1]

With the development of crypto today, it will certainly become a global payment method in the future with the conveniences and conveniences it brings be it bitcoin or any altcoin or CBDCs created by the government. It will not be able to completely replace fiat but it will grow strongly in the following years.

[sherenikaw]

We don't know what will happen in the future but I think it will be difficult because every country has their own currency and it is difficult to be removed. although crypto is a digital currency that is developing well, it cannot compete with the currency of a country. but keep in mind that although crypto is not the currency of a country but crypto really helps us to invest in it or transact. Fiat and crypto currencies both have their own benefits and policies.

[TelolettOm]

Will Cryptocurrency be a Global Currency in the Future?

The answer is yes
Because right now, Cryptocurrency especially Bitcoin has been also used as a currency in some certain countries in which Bitcoin is legal tender as currency.
However, will it be for all countries?
I don't know enough, for we know that many countries still ban crypto and most of them don't legalize Bitcoin or another crypto as a currency of their country. Most countries have their own fiat that is centralized. But cryptocurrency is decentralized mostly.
that is why not all countries may use this as a currency.

But once more, we will not know what will happen in the future. Let's wait and see.

Moreover, It has equal chances for poor or rich for development.
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

Making crypto as a currency is not as easy as this. There must be a regulation over the crypto that will be used as a currency. We cannot only use it for payment. Most countries will make certain regulations of using crypto as currency. ANd this may be complicated. And the government will also think that it will be difficult and hard to control the use of cryptocurrency if as a currency or payment.

But actually, this is not impossible. Because we know what happens to El Salvador and other countries that have been implementing this.
But it may be difficult enough as what happened in my country and others probably.

[Botnake]

We don't know what will happen in the future but I think it will be difficult because every country has their own currency and it is difficult to be removed. although crypto is a digital currency that is developing well, it cannot compete with the currency of a country. but keep in mind that although crypto is not the currency of a country but crypto really helps us to invest in it or transact. Fiat and crypto currencies both have their own benefits and policies.

Even at the present, i really think that its a hard process for crypto to be a global currency because aside from being decentralized, its volatility will also create a barrier not to be adopted by majority of the countries. El Salvador may have succeeded having bitcoin as a legal tender but we know how tough it was in the start. There may be a lot of protests i guess that will certainly happen because they don't want crypto to be a global currency.

However, when it comes to crypto matters, i guess it all relies in the government itself. Even if we, citizens, are thinking that it would be a great idea making crypto as a global currency but if the government won't allow, then maybe we should just settle having crypto as a reserved currency and as an investment.

[tokyohd]

Yes, It can be expected that cryptocurrency will be a Global currency in the future.
 The BTC will be the father coin and there will be a lot of sub coins.
 Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

I want cryptocurrency to be a global currency in the future. I am in favor of cryptocurrency. Because cryptocurrency has some qualities. You are right, It eliminates the inequality of the rich and the poor. Cryptocurrency is a world of financial prosperity. So I want cryptocurrency to be a global currency in the future.

[Ucy]

Bitcoin/crypto is already a Global Currency, I guess you are referring to Bitcoin becoming a major One World Currency that makes most Nations abandon their national currencies for it. I think the nations would want to have centralized control over Bitcoin to let that happen, which is not what Bitcoin was built for.
Bitcoin can however remain the main global cryptocurrency in Crypto space with fiats existing in their own space.

[Finestream]

Will Cryptocurrency be a Global Currency in the Future?

The answer is yes
Because right now, Cryptocurrency especially Bitcoin has been also used as a currency in some certain countries in which Bitcoin is legal tender as currency.
However, will it be for all countries?
I don't know enough, for we know that many countries still ban crypto and most of them don't legalize Bitcoin or another crypto as a currency of their country. Most countries have their own fiat that is centralized. But cryptocurrency is decentralized mostly.
that is why not all countries may use this as a currency.

But once more, we will not know what will happen in the future. Let's wait and see.

Moreover, It has equal chances for poor or rich for development.
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

Making crypto as a currency is not as easy as this. There must be a regulation over the crypto that will be used as a currency. We cannot only use it for payment. Most countries will make certain regulations of using crypto as currency. ANd this may be complicated. And the government will also think that it will be difficult and hard to control the use of cryptocurrency if as a currency or payment.

But actually, this is not impossible. Because we know what happens to El Salvador and other countries that have been implementing this.
But it may be difficult enough as what happened in my country and others probably.

I believe it has its own chances to be a global currency in the future once its massive adoption will be inevitable. If majority of the big and developed countries will be adopting bitcoin, then that will be an edge making bitcoin as a global currency. But definitely, the process will be very tough. There will be big adjustments in the payment system and if the governments will only consider the value of bitcoin, then things might be smooth sailing in the process.

[GubiMixa1292]

Yes, It can be expected that cryptocurrency will be a Global currency in the future.
 The BTC will be the father coin and there will be a lot of sub coins.
 Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

I think not entirely the currency will be a global currency because there are many other currencies especially fiat .BTC is very difficult to replace fiat most of the CBDC will also be loved by the governments of the country like . because this CBDC only runs on blockchain, it can only make the country's finances transparent and clear. I think each type of coin has its own function and nature we should not compare fiat and BTC anymore.

[Mamun74]

Yeah,I Think Cryptocurrency will be global currency in the Future. Bitcoin already proved his value. Bitcoin is most valuable coin in crypto market. Some country's bitcoin uses legally and they are interested in crypto. Bitcoin investment increase day by day.For me,want to cryptocurrency to be global currency.

[isaac_clarke22]

~

Jeez, am I back in 2017? These are the threads that pops up when I first read around here in BTC Discussion board.

OP, even if you think about it happening, I prefer it to be not. Do not let the regulation come by from that "global adoption" that you are imagining. I do not want any authorities involved in my holdings. My coin, my responsibility.

[Turbolinea]

Cryptocurrencies are our future also. Even governments are doing some research for making their own digital currencies. Because they don't want to be left behind by the other countries in the future. It is inevitable that fiat currencies will be history at some point. They can't maintain themselves forever. Even if they don't wear off, governments will stop using them at some point and replace them by digital ones.

[Quidat]

~

Jeez, am I back in 2017? These are the threads that pops up when I first read around here in BTC Discussion board.

OP, even if you think about it happening, I prefer it to be not. Do not let the regulation come by from that "global adoption" that you are imagining. I do not want any authorities involved in my holdings. My coin, my responsibility.

Totally ironic i would say but people do really love that part but we cant really deny that there are services which we do really much prefer specially dealing off with crypto to fiat transactions but we shouldnt
really anticipate much that everything would be regulated but of course those platforms which are involved will typically be having this kind of normal transactions but in overall
it wouldnt really come into a point on where it could be a global currency in the future but instead it would really be a good option instead.

[Fortify]

Yes, It can be expected that cryptocurrency will be a Global currency in the future.
 The BTC will be the father coin and there will be a lot of sub coins.
 Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

It's a bit of a strange premise to put forward. Bitcoin already is a global currency, perhaps more so than any other currency in the world. I would say that Bitcoin is more of a test scenario and will ultimately be supplanted by other cryptocurrencies in future that have more units available. Even with all the decimal places, as the price rises and the amount of coins diminishes, it will become less desirable as a functional currency. There are a few different ways it could go, it may eventually result in such large consolidations within ecosystems like Paypal gaining large control over transaction flows or people simply seeing better functionality in upcoming altcoins.

[Oceat]

~

Jeez, am I back in 2017? These are the threads that pops up when I first read around here in BTC Discussion board.

OP, even if you think about it happening, I prefer it to be not. Do not let the regulation come by from that "global adoption" that you are imagining. I do not want any authorities involved in my holdings. My coin, my responsibility.

Totally ironic i would say but people do really love that part but we cant really deny that there are services which we do really much prefer specially dealing off with crypto to fiat transactions but we shouldnt
really anticipate much that everything would be regulated but of course those platforms which are involved will typically be having this kind of normal transactions but in overall
it wouldnt really come into a point on where it could be a global currency in the future but instead it would really be a good option instead.

I just realized something that what if the government ask us to submit our portfolio to them because if not they will punish us or put us in jail just for that. Hell no, they shouldn't touch my belongings since it's kinda breaking our security and privacy in the first place.

And can we stop thinking that Bitcoin would dominate or remove fiat completely in the future since I don't think the government will allow that. And also, not every country accept Bitcoin as a legal tender especially China so quit imagining things that's almost impossible to happen.

[chanler]

it can happen because we don't know what will happen in the future but maybe it will be difficult. we know that becoming a global currency requires recognition from all countries to be able to accept it and today there are still some countries that are against crypto. it is not impossible that it will happen but it will be more difficult to happen. basically crypto is an asset for investment and it is growing from time to time as a transaction as well as in some cases. so let's just follow how the development of crypto itself and focus on each other's goals.

[Rengga Jati]

One of the goals is to be a global payment method that can make payments and transactions around the world easier and speedier.
However, can it be?
It may happen in some countries that legalize cryptocurrency as a currency, as a payment method. It will be very difficult because many countries or governments may restrict the use. Because they will prefer to maintain their own fiat centralized or their CBDC.
But once more, we don't know the future. And there is still a probability.
Crypto may be a global currency, but one of the global currencies, not the only one and will be limited in some certain countries.

[Hippocrypto]

Yes, It can be expected that cryptocurrency will be a Global currency in the future.
 The BTC will be the father coin and there will be a lot of sub coins.
 Cryptocurrency is a unique kind of currency that has great potential.
It has an attraction for all ages of life. It has a great opportunity for those who want to do something and desire to step forward.
Moreover, It has equal chances for poor or rich for development .
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

It is possible that maybe BTC could be a global currency in the future. As we observed nowadays, technology is developing or improving that would be the best solution to gain or earn. From the level of widespread adoption and acceptance it is easy to presume such things to happen. But, let's not forget the growing popularity in cryptocurrency that BTC was the main head and father of all cryptocurrencies. So if there's such thing or cryptocurrency that is going to be a global digital currency in the future, no doubt it will be Bitcoin. Maybe there's a lot of issues on it but still BTC overcome those issues and still continue to be unique among other currencies.

[Alucard1]

I dont think that bitcoin can be the global currency in the future, I believe that bitcoin will only be the best asset among other assets, it can replace gold as most of the big investors now are in cryptocurrency, this is because we have seen a great potential of bitcoin, what more if we will have the fully mass adaption. Cryptocurrency is just an alternative for fiat currency but not to the point that it will replace fiat.

[BlackHatCoiner]

Will Cryptocurrency be a Global Currency in the Future?

What it must adhere to in order for a currency to be global? Maybe, global usage? If that's so, I think the cryptocurrency industry pretty much does.

Moreover, It has equal chances for poor or rich for development

Hmm... Equal's a tough word. If you mean that it can't rob you, same way banks do, then yes. Otherwise, every enthusiast who found out about it in 2011 is already above an enthusiast of 2021. It has a hierarchical shape, we ought to admit it.