Bitcoin will not become the world currency.

[Flexystar]

We dont want to see it as worlds currency anyways. That is really second world thought. It should be universal currency. When aliens will visit to earth what do you expect to give them?
Color printed paper?

Dam, no way that will put earth's reputation in the jeopardy. I think if such intelligence contact becomes evident we can help each other through crypto currencies. Bitcoin, with special algorithm and minted by all means of mathematical expressions.

That would be honestly easy to trade and respectable. 

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[borovichok]

Bitcoin is not the world currency because most government are always putting tough restrictions on the project inother to reduced it's trading volume and popularity. It's been legalize in most countries but also banned in most countries. In my opinion it's very important to know the whole project concerning bitcoins and how it operates. El Salvador have made bitcoins a legal tender in their country and payments are made through Bitcoin ecosystem. It ease stress and fasten the process of payments, making it more digital than the normal fiat currency.

[Fara Chan]

El Savador give positive respond with Bitcoin after accepting as legal currency transaction payment, I think many countries will regulated about Bitcoin as legal currency transaction at the future. Slowly have several countries are in the waiting list want to adopt with Bitcoin as global currency transaction.

Not sure with exact date when Bitcoin become global countries payment currency, but with development of Bitcoin I don't see any difficult thing faced by Bitcoin how to be most popular currency transaction and will adopt by many countries later, although still less country distributing for Bitcoin become legal currency, just take time for later Bitcoin will be popular transaction payment.

Countries that have regulated or are seeking to accept adoption as legal tender are increasing, but very few countries dare to accept bitcoin as legal currency in their country, two different things that must be separated in my view, because of the possibility of adoption occurring as a means of payment not as the country's currency.

There are regulations that govern the country's currency, many things must be changed if the country wants to adopt this as El Salvador did, for me it is more appropriate to use bitcoin as a means of payment, because this is more likely to be done in the near future , if a certain country starts adopting it.

There are also those cases of countries which have completely banned bitcoin and crypto: Algeria, Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar and Tunisia.

Besides the full legalization (legal tender) of bitcoin by El Salvador, the ban is another way to recognize bitcoin by the state, although in a negative form, as it's recognized as a threat which has to be neutralized with maximum effort and surveillance.

The ban also doesn't stop the residents there from investing in bitcoin, right!!!
The next question is whether the country has succeeded in completely banning bitcoin and crypto in its country, if it is considered a threat in the context of the intended ban, whether it is a medium of exchange and a means of transaction or a total ban.

[siniminomorocomunisakito]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

I think Bitcoin will still be used as a currency if you are in a place where you can't use fiat. So don't look at it as something to make money with. If you can't afford it, then don't worry. Work on fiat until you have enough money to buy the things you want. I'm lucky I wasn't born in Venezuela where you need bitcoins every day just to live.

[Antonas1]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

You will still need countries to legalize Bitcoin and allow it to be used in your country. Because if your country prohibits it, then you won't be able to transact there, whether it's for trading or for service payments.

It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Bitcoin in some countries is recognized as a currency, while some countries treat BTC as a commodity asset, and some other countries ban bitcoins in their territories. But none of the countries and users think that Bitcoin will become a fiat, because Bitcoin is not a fiat, and will never be a fiat.

[BitDane]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

You will still need countries to legalize Bitcoin and allow it to be used in your country. Because if your country prohibits it, then you won't be able to transact there, whether it's for trading or for service payments.

He can still transact with Bitcoin even a country did not legalize the use of it.  But of course if you do illegal things, there is always consequences.

It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Bitcoin in some countries is recognized as a currency, while some countries treat BTC as a commodity asset, and some other countries ban bitcoins in their territories. But none of the countries and users think that Bitcoin will become a fiat, because Bitcoin is not a fiat, and will never be a fiat.

True Bitcoin will never be a fiat currency because government won't reissue it as their fiat currency.  The government will not take responsibility on Bitcoin.  Government will only allow it as legal tender, mode of payment or an alternative to fiat currency.

[n0ne]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

You will still need countries to legalize Bitcoin and allow it to be used in your country. Because if your country prohibits it, then you won't be able to transact there, whether it's for trading or for service payments.

He can still transact with Bitcoin even a country did not legalize the use of it.  But of course if you do illegal things, there is always consequences.

It is possible to transact unlike the legal status of bitcoin on the country. Different countries have made ban over cryptocurrency usage and still people from those countries continue using it through all possible ways. Finding the loopholes have turned to be more interesting.

It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Bitcoin in some countries is recognized as a currency, while some countries treat BTC as a commodity asset, and some other countries ban bitcoins in their territories. But none of the countries and users think that Bitcoin will become a fiat, because Bitcoin is not a fiat, and will never be a fiat.

True Bitcoin will never be a fiat currency because government won't reissue it as their fiat currency.  The government will not take responsibility on Bitcoin.  Government will only allow it as legal tender, mode of payment or an alternative to fiat currency.

Countries have already shown greenlight and that means it is getting considered as currency same as that we use. Based on the legality, governments support as well as stand away from cryptocurrency. In majority of the countries cryptocurrency is legalized and not considered as legal tender. With time change happens for sure as bitcoin is very young by its existence.

[TungTresa]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

But Bitcoin is already legalized as a legal tender in at least two countries (El Salvador and Central African Republic) so it already achieved that (implementation is questionable though).

So I don't think Bitcoin is going to become a fiat currency.

It was never Bitcoin's creator intention anyway, but instead to give us the alternative. If by "becoming fiat currency" mean replacing fiat, Bitcoin has its use even without achieving that (which is imho unrealistic anyway) and majority of bitcoiners are fine with that.

Yes, you're right. It took me a long time to figure it out. I used to be confused. I still don't know enough about bitcoin.

[Japinat]

We dont want to see it as worlds currency anyways. That is really second world thought. It should be universal currency. When aliens will visit to earth what do you expect to give them?
Color printed paper?

Dam, no way that will put earth's reputation in the jeopardy. I think if such intelligence contact becomes evident we can help each other through crypto currencies. Bitcoin, with special algorithm and minted by all means of mathematical expressions.

That would be honestly easy to trade and respectable. 

And you think that those alien will be interested of our money through trading bitcoin? No. I think they are more interested to worldly things that can only be found on our planet and not colored paper that is back back any government, bitcoin nor other crypto currencies. Anyway, let's stop this topic because that's now what the OP meant.

Bitcoin will not become the world's currency for now, I'd say for now because we don't know yet what will happen in the future. Moreover, that's not why it is created on the first place.

[Tommiewill]

Most bitcoins are still used as a way to invest and make money. There are still a small number of people who use Bitcoin to buy goods. If Bitcoin is accepted globally, Bitcoin can be used globally as a world currency. But at present, many countries are not optimistic about cryptocurrencies, which has affected the development of Bitcoin. Bitcoin and fiat currencies are now interacting with each other.

[Pentafa]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

I live in an African country whose government would like to utilize Bitcoin as a means for effecting international payments for imports.
Is there anyone I can work with to establish an afrocentric crypto exchange similar to Yellow Card?

[Antonas1]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

You will still need countries to legalize Bitcoin and allow it to be used in your country. Because if your country prohibits it, then you won't be able to transact there, whether it's for trading or for service payments.

He can still transact with Bitcoin even a country did not legalize the use of it.  But of course if you do illegal things, there is always consequences.

It is possible to transact unlike the legal status of bitcoin on the country. Different countries have made ban over cryptocurrency usage and still people from those countries continue using it through all possible ways. Finding the loopholes have turned to be more interesting.

Yes, that is true. But people will still need their government to at least allow the use of Bitcoin so they are not treated like criminals.

Countries have already shown greenlight and that means it is getting considered as currency same as that we use. Based on the legality, governments support as well as stand away from cryptocurrency. In majority of the countries cryptocurrency is legalized and not considered as legal tender. With time change happens for sure as bitcoin is very young by its existence.

But in my mind, Bitcoin will never be a main currency, only a secondary currency. Moreover, the OP said Bitcoin will become fiat; that would be impossible.

[coupable]

Bitcoin was not designed to eliminate fiat money, and with its distinctive design, it has become the real world currency, and I do not see a real need to completely dispense with fiat.

Right, Bitcoin is made to be an alternative and we don't need it to replace all fiat currencies. But it can become the anchor currency not eliminating fiat money system, right?

To give up fiat money is to give up the world and some kind of reality. Bitcoin, in its current design, cannot answer many of the requirements that must be met in a global currency. A global currency without having partners in the market? This is almost impossible to happen. Bitcoin is as valuable as gold, and it must remain so in order to maintain its existence.

[Xxmodded]

Countries have already shown greenlight and that means it is getting considered as currency same as that we use. Based on the legality, governments support as well as stand away from cryptocurrency. In majority of the countries cryptocurrency is legalized and not considered as legal tender. With time change happens for sure as bitcoin is very young by its existence.

Several countries have legalize with Bitcoin without as payment currency transaction but have get space for Bitcoin become legal investment assets, we can trade and hold Bitcoin in exchange market without worry about exchange market access close or banned by government. I think all countries have their own local exchange market and have been allowed or get regulation from their government, can expected about Bitcoin get space just little time waiting for Bitcoin adopt as legal payment currency transaction.

Considering many countries have legal Bitcoin for investment assets but not for legalizing as legal tender, seems not any serious problem trough we can earn profit with Bitcoin or cryptocurrency trading and cash out with local exchange market become fiat.

[ancafe]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Negative news that always appears for bitcoin does not stop its journey, even now the news is still developing in several media, but something good will find its way, where bitcoin is currently increasingly in demand, both as an investment and long-term asset storage

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

The adoption of bitcoin has also begun to enter the stage as a means of payment for goods and services, although not all places have implemented this. Social inequality against the influence of fiat currency makes a source of recession and inflation, fiat currency continues to lose value in its application, so many people begin to switch to bitcoin at the stage of storing assets, on the other hand bitcoin also does not have a major impact on recession or inflation, this is the reason which made the government push for regulation, so that bitcoin could be regulated like fiat currency travel, but unfortunately they failed to limit this.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency

Admit it or not, bitcoin will not be affected in the process of its journey, if you want to know more, then take a look at the countries that are completely against crypto and bitcoin, but bitcoin's journey as a long-term asset storage and investment is still going well there, despite the ban it was enacted long before.

Bitcoin will be a fiat currency that will never be correlated, due to the basic concept of developing bitcoin as a digital currency that is decentralized and does not have access to any authority to control it. So this freedom is what drives bitcoin to grow and develop and attracts many people to get involved in it.

[GeorgeJohn]

I'm responding to this through the subject, because it stipulated that Bitcoin will not become a word currency, i want to say while ? And what's your agitations concerning that, because Bitcoin is dominating the world and many countries have known the adoption of cryptocurrency and mostly Bitcoin, so it's very obvious that bitcoin can turn to world currency indecencies that it's the possible ways of making transfer of money to be easier from one country to another.

[isaac_clarke22]

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

You will still need countries to legalize Bitcoin and allow it to be used in your country. Because if your country prohibits it, then you won't be able to transact there, whether it's for trading or for service payments.

I am pretty sure that even if Bitcoin was not sort of "legalized" in your country, you can still do P2P transactions with it. You might not be able to access such sites or exchanges to buy or sell your Bitcoin, but surely you can still use VPN to bypass those restrictions.

I had recalled some users in here being able to still use Bitcoin and any forms of crypto in their country even if it was not legalized in their country.

[GeorgeJohn]

Most bitcoins are still used as a way to invest and make money. There are still a small number of people who use Bitcoin to buy goods. If Bitcoin is accepted globally, Bitcoin can be used globally as a world currency. But at present, many countries are not optimistic about cryptocurrencies, which has affected the development of Bitcoin. Bitcoin and fiat currencies are now interacting with each other.

The people who will make Bitcoin to be accepted worldwide it's people who owns a private sector such as a company like apple company and amazon, so if this companies accept most of their payment with bitcoin and car producing industries accept Bitcoin as part of payment, you see that the world will be going directly with payment options with bitcoin.

[South Park]

Most bitcoins are still used as a way to invest and make money. There are still a small number of people who use Bitcoin to buy goods. If Bitcoin is accepted globally, Bitcoin can be used globally as a world currency. But at present, many countries are not optimistic about cryptocurrencies, which has affected the development of Bitcoin. Bitcoin and fiat currencies are now interacting with each other.

The people who will make Bitcoin to be accepted worldwide it's people who owns a private sector such as a company like apple company and amazon, so if this companies accept most of their payment with bitcoin and car producing industries accept Bitcoin as part of payment, you see that the world will be going directly with payment options with bitcoin.

It is the other way around, bitcoin is not going to become accepted worldwide because a few companies decide to adopt it, bitcoin needs to gain average users, and once enough people decide to adopt bitcoin then those big companies will decide to do it, as refusing to do so will simply cost them a lot of money, so we need to wonder how can bitcoin gain so many users? And I think the best scenario for bitcoin will be a massive economic crisis which puts the fiat system at risk and people begin to use bitcoin as a way to protect their wealth.

[RockBell]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Bitcoin is better than banks and fiat even though they serve different purposes. The bank simply has too many self-interests in making money off of people and too many dysfunctions, such as failed transactions. Even though bitcoin has its own risks, such as numerous scams, the most important thing is for you to understand the fundamentals and that security comes first. so I don't if bitcoin will become world money.