Can Bitcoin become a global currency ?

[Vaskiy]

Everything have got its good and the bad. With bitcoin the decentralised infrastructure is good, but the same is being considered negative by the governments. So, the lack of control over the network makes government to restrict its usage. From common man's usage perspective it is good, because he have control over his own funds than any third party service operating his/her funds.

For now it is global currency with limited acceptance, which means the acceptance is found high as an investment than as currency.

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[Mamun74]

Bitcoin is already become global currency. Bitcoin is decentralization crypto currency it will never be stable. Cz bitcoin is not stable coin.People usually using bitcoin many ways. Many countries Govt didn’t didn’t accept crypto currency but people still using. People loves to bitcoin investment cz bitcoin is long term investment coin and most popular and valuable coin in crypto market. Bitcoin investment increase day by day.

[Jemzx00]

hey to bitcoin is already become global currency no government no border just live on the internet and fly around thin air 

but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable

Bitcoin may be considered as a Global currency by most people but there are some people who will think that bitcoin as an asset or investment due to its volatility on it's value. Also, "no government no border", Unfortunately, there are government who restrict the usage of bitcoin or even ban or made crypto illegal to their country such as China.

Anyway, I agree that bitcoin will never replace fiat however other centralized crytocurrency where the government support might replace fiat in the near future.

[Asiska02]

Regarding bitcoin as a global currency, different people will hold different opinions. Its acceptance and inherent qualities enable it to be utilized as a universal currency. However, due to its volatile nature, some people hold opposing views of it. As a result, it is regarded as an investment and treated as an asset that will eventually be sold for a profit. All of this is not conceivable using existing global fiat currency. Regarding bitcoin, many people have different opinions.

[franch]

Bitcoin is accepted as the global currency in most places. In some countries, companies accept payments in bitcoin. A historic tram line in Prague has announced that it has agreed to pay with bitcoin. I think this is a big step for bitcoin. Too many steps like this have been taken. We will see a lot of companies accepting payments with bitcoin News like this show that bitcoin is on its way to a global currency. To me it just needs a little more time.

[shynar_data40]

Some countries have not legalized and prohibit cryptocurrency due to volatility, so it is debatable whether bitcoin can ever be considered a global currency? Bitcoin is more of an investment, so many people buy it.
It can also be noted that cryptocurrency ceases to be a speculative asset and becomes a digital version of gold.

But also in many countries you can freely use and pay in bitcoin for various services, the range of offers is almost unlimited. For example, what you can buy with bitcoin:

digital appliances;
household goods;
electrical goods;
clothing;
products for handicrafts;
food, etc.
Various services are available for cryptocurrency - legal assistance, website development and promotion, flower delivery, etc.
From this we can conclude that bitcoin is an integral part of our lives and perhaps the future.

[2stout]

Yes it can, in quite a few ways it is slowly but surely as the ground work is being and has been laid with more and more countries, although a handful and growing, recognizing it as legal tender.  Of course you will have some countries that may never come around and keep it banned, but this will only make it a de facto global currency at the least.

[coinsrider]

Its just a bad use of defining crypto as a currency the government shall definitely suggest to change the cryptp as a currency tag, most of the governments doesn't believe on giving up the power of regular currency.

[onecall123]

hey to bitcoin is already become global currency no government no border just live on the internet and fly around thin air 

but to replace fiat umm i dont think so gov allowed it as investment that most gov still acceptable

Bitcoin may be considered as a Global currency by most people but there are some people who will think that bitcoin as an asset or investment due to its volatility on it's value. Also, "no government no border", Unfortunately, there are government who restrict the usage of bitcoin or even ban or made crypto illegal to their country such as China.

Anyway, I agree that bitcoin will never replace fiat however other centralized crytocurrency where the government support might replace fiat in the near future.

Despite its young age and unproven status as an investment, Bitcoin is being used by cryptocurrency speculators to store value and hedge against recessions and corrections. No government will not allow Bitcoin to become a global currency due to its high volatility and decentralized nature. Although crypto enthusiasts support it, some believe that it would be a better investment based on their risk tolerance. As Bitcoin is still a young technology, we have a long way to go.

[Bobrox]

Everything have got its good and the bad. With bitcoin the decentralised infrastructure is good, but the same is being considered negative by the governments. So, the lack of control over the network makes government to restrict its usage. From common man's usage perspective it is good, because he have control over his own funds than any third party service operating his/her funds.

For now it is global currency with limited acceptance, which means the acceptance is found high as an investment than as currency.

Bitcoin although lightening network and most transparent transaction have bad and good site, depending adopt bitcoin used for what, I think with bitcoin most transparent transaction give positive side because we can track with bitcoin transaction from sender until who receiver of bitcoin, actually we know accurate amount or values how much sent. When adopting by government we can track with how much money in and out, but have negative side when bitcoin adopt and use for legal transaction, we can't track about bitcoin transaction when using or sending to hardware wallet.

[KaliLinux]

Can Bitcoin become a global currency ?

It depends on what exactly you mean by the word global. If you mean that it is a global currency used by everyone, then it has been since it was launched, but this cannot in any way cancel out the rest of the classic currencies such as the dollar and the ruble.

This has been asked a thousand times before but the thing is who would do that when we all have our own local currency? Maybe it will be a global currency if a country would accept Bitcoin as a means of payment just like what happened in Venezuela. But the problem is most country leaders wouldn't want that to happen because they think different and they value their own local currency which is widely used by most citizens so it's all in a debate if you want to still ask that question even after a hundred years or so.

Speaking of local currencies, those are not even accepted all over the world except for a few. If you want to go to another region in the world, you will have to change your currency for theirs and Bitcoin falls in that category too for those that understand Bitcoin while others will accept it regardless of your location in the world also like the few Fiats you can spend around the world. Bitcoin might not need global Government approval for it to be labeled as a Global currency. I believe this has been stressed enough and if this is what is needed to confirm Bitcoin to be a currency then it might not be cos I don't see that happening and don't think it's important anyways.

[adzino]

Isn't it already a global currency since Bitcoin has no borders? You can send from one end of the world to the other end within few seconds without any problems. No third-party involvement that would slow down the process. The only problem is few countries "banned" the usage of crypto currencies, but I am pretty much sure as more people starts to adopt bitcoin, those countries will be forced to lift the ban or else they will be lagging behind.

[8rch7]

Isn't it already a global currency since Bitcoin has no borders? You can send from one end of the world to the other end within few seconds without any problems. No third-party involvement that would slow down the process. The only problem is few countries "banned" the usage of crypto currencies, but I am pretty much sure as more people starts to adopt bitcoin, those countries will be forced to lift the ban or else they will be lagging behind.

Bitcoin is now very popular even almost all people have entered the world of bitcoin and have entered the world of crypto, in fact almost all countries have invested in bitcoin, but I don't dare say bitcoin will become a global currency, because I personally think it is very difficult to replace the world currency Even if that happens, it is certain that the government will oppose this provision.

[Igurugwu]

To me bitcoin is already a global currency, because any part of the world that internet exist bitcoin is already trading there. even the countries that said they ban bitcoin.

[Questat]

To me bitcoin is already a global currency, because any part of the world that internet exist bitcoin is already trading there. even the countries that said they ban bitcoin.

Trading is another story mate. We talk about currency where we can use Bitcoin as a mode of payment globally but it is not how it works, many countries are not adopting Bitcoin, and more people had never used this instead, they'll consider this as an investment.

However, this never means that it was a failure. I think we need more time to finally adopt the system and become acceptable in all major establishments.

[bestcoins1]

Its just a bad use of defining crypto as a currency the government shall definitely suggest to change the cryptp as a currency tag, most of the governments doesn't believe on giving up the power of regular currency.

Some state governments still really want to use their fiat currency rather than any cryptocurrency so there are still very many government parties who only pay attention to fiat currency for use by their citizens even though cryptocurrency can also be very good for use in certain things such as investment.
But considering that the risk is not too small, so some government parties still want to use fiat without wanting to change it towards cryptocurrency.

[cloudfir3e]

actually bitcoin is already known and used globally as a digital currency or investment asset.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.

[Biscutard]

actually bitcoin is already known and used globally as a digital currency or investment asset.
while for use as a means of payment at this time there are only a few countries that legalize it, but there is no doubt that in the next few years there will be other countries that want to legalize bitcoin as a means of payment such as fiat money.
because bitcoin itself has a high value and has many supporters behind it and bitcoin can also help a country to overcome economic and financial inflation.

For me I don't think some counrries will regulates or accepr bitcoin as currency bacause there are bussiness owner and consumers thay doesn't trust the run of the market. Meybe it will always stay as a optional to any services because or its unstable value. They would rather lose minimal than a great one.

[jhonjhon]

Since some nations have recognized bitcoin as legal tender, it is now possible to buy goods and services with selected countries. The majority of people prioritize bitcoin as an investment, so adoption is increasing. However, I don't think that bitcoin will cease to be a global currency after all  some leaders still prefer to use their local currencies because that is what they are used to.

[inthelongrun]

Since some nations have recognized bitcoin as legal tender, it is now possible to buy goods and services with selected countries. The majority of people prioritize bitcoin as an investment, so adoption is increasing. However, I don't think that bitcoin will cease to be a global currency after all  some leaders still prefer to use their local currencies because that is what they are used to.

Bitcoin's volatility makes it hard to become a daily currency, especially in small amounts of transactions. But Bitcoin is still a decade-year-old currency and is becoming more popular day by day. The time will come when its price will stabilize.

And Bitcoin becoming a legal tender doesn't mean making local currencies disappear. Bitcoin will become another currency option which is would be great knowing we can use a decentralized currency.