Bitcoin will not become the world currency.

[AmoreJaz]

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.

besides, there's no need for bitcoin to become the world currency as long as we are enjoying the benefits of its existence. aiming for btc to be like "fiat" currency of most people for me is too much to ask from btc. but what we are enjoying right now, like borderless transactions, very cheap fees among others are the reasons why we are being grateful about this invention. so long we are benefitting from its existence would give us reason why we need this digital currency.

[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.

besides, there's no need for bitcoin to become the world currency as long as we are enjoying the benefits of its existence. aiming for btc to be like "fiat" currency of most people for me is too much to ask from btc. but what we are enjoying right now, like borderless transactions, very cheap fees among others are the reasons why we are being grateful about this invention. so long we are benefitting from its existence would give us reason why we need this digital currency.

No Bitcoin has to become a word currency indecencies that it will be more valuable and recognize or recommend by the world bank as fiat currency is been value able and recognize in different societies, secondly Bitcoin is not enjoyable when few people is into it's development or into its transaction.

[Mate2237]

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

I thought this issue of bitcoin becoming to Fiat currency has been settled, why are you still bringing this out again. The creation not bitcoin was not to become Fiat currency but as as alternative coin or currency to the Fiat currency. Please understand the real meaning of bitcoin. Bitcoin is a digital currency for buying of assets on online. I think there is any country is going to use bitcoin has a the Fiat currency but I know that 99% of the Countries are going to use bitcoin.

Yeah, its way better than that inflationary shitcoin, isnt it?

I love this presentation. This now the Fiat currency is and how bitcoin is . Bitcoin is going to supercede Fiat currency in the very nearest future.

[KennyR]

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.

besides, there's no need for bitcoin to become the world currency as long as we are enjoying the benefits of its existence. aiming for btc to be like "fiat" currency of most people for me is too much to ask from btc. but what we are enjoying right now, like borderless transactions, very cheap fees among others are the reasons why we are being grateful about this invention. so long we are benefitting from its existence would give us reason why we need this digital currency.

Being a world currency could keep things under restricted framework. Serving as an alternate to the fiat system give people the freedom of money and choose according to the need. Something that is volatile getting preferred as world currency would happen in a slow and steady way with the participation from countries one by one. Maybe the evolution can happen with the upcoming generation.

[Thomas Kralow]

Bitcoin is a currency whether you accept it or not and it was never supposed to become the "world currency" it is supposed to be a global currency which it is.

Governments regulate the economy by issuing money,

Wrong. Governments regular the economy by setting rules and enforcing them not by printing money.

Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

It depends on the country and the government. This is not a global issue.

The key to whether Bitcoin can become a world currency does not lie in Bitcoin itself. Bitcoin relies on the underlying technology of the blockchain to operate automatically, and its characteristics of safety, reliability and decentralization are indeed unquestionable. But Bitcoin cannot be separated from society and politics. If more than 80% of the countries in the world ban Bitcoin in the future because of the increasing threat of Bitcoin to legal tender, then it will not become a world currency. This is the key factor. Now people use Bitcoin as an investment channel and tool, and the government also considers it in this way.

[EarnOnVictor]

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.

besides, there's no need for bitcoin to become the world currency as long as we are enjoying the benefits of its existence. aiming for btc to be like "fiat" currency of most people for me is too much to ask from btc. but what we are enjoying right now, like borderless transactions, very cheap fees among others are the reasons why we are being grateful about this invention. so long we are benefitting from its existence would give us reason why we need this digital currency.

Being a world currency could keep things under restricted framework. Serving as an alternate to the fiat system give people the freedom of money and choose according to the need. Something that is volatile getting preferred as world currency would happen in a slow and steady way with the participation from countries one by one. Maybe the evolution can happen with the upcoming generation.

Bitcoin is even far from being the world currency and can't be since, first, it's such a coin that is capped at 21 million, there is no way such could go round the world. Secondly, no responsible government would want a decentralized coin to be their major currency, that's just the truth as this cannot help accountability in the economy due to the coverage that BTC could provide to its users who want such. Governments could only develop their own blockchain, and use it effectively instead of all using BTC. Lastly, many still believe that Satoshi has a backdoor code, which makes it difficult to 100% trust it.

[Nrcewker]

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

I don't think that anyone questioned that anywhere, or am I wrong?

The point of crypto as a whole is to be outside of the gov regulated bubble, not to become one.

I mean who the hell wants Bitcoins to be adapted as a FIAT? The whole purpose of Bitcoins are using it’s decentralised nature. Now if we deviate from the motive of the coin, then it won’t be anything new or different. Moreover 80% of Bitcoin holder, use Bitcoins as an asset, rather than using as a payment source. So yes as Bitcoins are limited in stock, they are very valuable. So we don’t want to spend Bitcoins whenever we want. Rather if possible try to save as many Bitcoins as possible and sell less.

[Antonas1]

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.

Yes, but still, as I said before, it can't help people when they have to deal with the laws. If the government in their country is forbid to use Bitcoin, then they are will be treated like a criminal. It's different if the government allows use of Bitcoin, although it doesn't have to make Bitcoin the main currency.

[GigaBit]

I don't think Bitcoin needs to get the position against fiat currency. If we get the expected advantages from Bitcoin then there is no disagreement about replacing it with fiat currencies. Today, except few countries, almost every government in the world is opposed to Bitcoin. They also pointed out some reasons for this. Among them, the government opposes Bitcoin on the grounds that Bitcoin is used for illegal purposes, it is decentralized and therefore beyond the control of the government, and the risk of being highly volatility. Despite ignoring everything, Bitcoin is advancing day by day in the world. Despite the various obstacles of the government, the common people are still in favor of it. People are getting various benefits through Bitcoin. I just consider that bitcoin is the medium of exchange and the alternative of fiat currency.

[Cyber_Alien]

Due to its instability, I don't think that will occur. With government and central bank-developed instruments that help with regulation and its impact on an economy, fiat currency has shown to be a trustworthy medium of exchange.Nobody knows and examine the potential roles that cryptocurrencies will play.
We do not yet know what would happen to global financial stability if cryptocurrencies were to replace fiat money.

[Emitdama]

Too many people are acting as if this is such a big step for bitcoin but in reality it doesn't need to be. We are aware that we could go as high a 68k so far, that means 100k is not that far away.

Let's assume for a moment that we reached to 100k and stable there and just not move too much, bottom 90 and top 120k and stay there for many many years. Would that be too bad? Does it have to be world wide? Does it have to be used everywhere? Or is it enough to know that some people use it and that's it.

I personally would be fine with that level and that should be good for everyone for sure, it shouldn't be required to have anything bigger than that for bitcoin to be doing good.

[Casdinyard]

Bitcoin is already seeing usage in some established online selling platforms and a couple micro businesses worldwide, so the idea of bitcoin becoming a world-currency, in its totality is actually true and is slowly happening as we speak. Furthermore, to compare bitcoin, a currency that hasn't even been in the market for more than 20 years, to a monetary system built upon thousands of years of commerce and economy, is a little unfair to the former right? I don't mean to sound like a visionary but I think we should give bitcoin credit where it is due. Altogether, bitcoin's price, stability, and everything else wouldn't mean when you compare it to established currency of the outside market, but intrinsically it has the potential to help in more ways than one.

[serjent05]

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.

besides, there's no need for bitcoin to become the world currency as long as we are enjoying the benefits of its existence. aiming for btc to be like "fiat" currency of most people for me is too much to ask from btc. but what we are enjoying right now, like borderless transactions, very cheap fees among others are the reasons why we are being grateful about this invention. so long we are benefitting from its existence would give us reason why we need this digital currency.

Even though you think that there is no need for Bitcoin to become the world currency, I think we still need the approval of every country to enjoy the benefits of its existence to the fullest.  Nothing beats the freedom of using Bitcoin without any worries of the government going after us because it is illegal to use.  I know Bitcoin will never be the main currency of the world but at least we need the government to accept Bitcoin to be an alternative mode of payment.

[Abiky]

Bitcoin is already seeing usage in some established online selling platforms and a couple micro businesses worldwide, so the idea of bitcoin becoming a world-currency, in its totality is actually true and is slowly happening as we speak. Furthermore, to compare bitcoin, a currency that hasn't even been in the market for more than 20 years, to a monetary system built upon thousands of years of commerce and economy, is a little unfair to the former right? I don't mean to sound like a visionary but I think we should give bitcoin credit where it is due. Altogether, bitcoin's price, stability, and everything else wouldn't mean when you compare it to established currency of the outside market, but intrinsically it has the potential to help in more ways than one.

Bitcoin may never become a world currency, but at least its usage is increasing by the day thanks to merchants and businesses opening their arms to it. We could say Bitcoin is the "Currency of the Internet" as many people can use it across borders without limitations or restrictions whatsoever. The pioneer cryptocurrency will become a viable alternative to Fiat for those who need it the most (mainly for privacy and financial freedom).

I'd say a lot has been achieved within just 14 years of Bitcoin's inception. Now with the Lightning Network, I think Bitcoin is ready to be used at a larger scale worldwide. This means more people will join the revolution in the following years. You can bet market prices will rise after this happens. Who knows what the future holds for the cryptocurrency? Just my thoughts

[m2017]

Bitcoin is already seeing usage in some established online selling platforms and a couple micro businesses worldwide, so the idea of bitcoin becoming a world-currency, in its totality is actually true and is slowly happening as we speak. Furthermore, to compare bitcoin, a currency that hasn't even been in the market for more than 20 years, to a monetary system built upon thousands of years of commerce and economy, is a little unfair to the former right? I don't mean to sound like a visionary but I think we should give bitcoin credit where it is due. Altogether, bitcoin's price, stability, and everything else wouldn't mean when you compare it to established currency of the outside market, but intrinsically it has the potential to help in more ways than one.

Bitcoin may never become a world currency, but at least its usage is increasing by the day thanks to merchants and businesses opening their arms to it. We could say Bitcoin is the "Currency of the Internet" as many people can use it across borders without limitations or restrictions whatsoever. The pioneer cryptocurrency will become a viable alternative to Fiat for those who need it the most (mainly for privacy and financial freedom).

I'd say a lot has been achieved within just 14 years of Bitcoin's inception. Now with the Lightning Network, I think Bitcoin is ready to be used at a larger scale worldwide. This means more people will join the revolution in the following years. You can bet market prices will rise after this happens. Who knows what the future holds for the cryptocurrency? Just my thoughts

Nobody knows how bitcoin will be applied even in 5-10 years. Since its inception, bitcoin function has changed. It was conceived as a means of payment, and by now it has become a store of value, a digital asset and a tool for speculation. In part, of course, it is used as a means of payment. Moreover, the number of places where you can pay with btc is even growing, but still, it is still quite far from becoming a world currency. This is if we talk about the mass character of bitcoin. But on the other hand, with the help of btc you can pay in any country (of course, with restrictions), thanks to which we can say that bitcoin has nevertheless become a world currency. That is, a currency that is known and recognized all over the world (also with some reservations). For example, without official adoption by states.

[savetheFORUM]

Nobody knows how bitcoin will be applied even in 5-10 years. Since its inception, bitcoin function has changed. It was conceived as a means of payment, and by now it has become a store of value, a digital asset and a tool for speculation. In part, of course, it is used as a means of payment. Moreover, the number of places where you can pay with btc is even growing, but still, it is still quite far from becoming a world currency. This is if we talk about the mass character of bitcoin. But on the other hand, with the help of btc you can pay in any country (of course, with restrictions), thanks to which we can say that bitcoin has nevertheless become a world currency. That is, a currency that is known and recognized all over the world (also with some reservations). For example, without official adoption by states.

Not really. The function of bitcoin is to give you freedom, and if you are free to do whatever you want with it, in that case it has worked well enough. I know not many people trust the current system of fiat, and the governments and that's the point of bitcoin. Think about it this way there could be some changes on blockchain, like how it is gone from just legacy now to segwit and maybe in the future lightning network and such, but the reality is that how we use it in the function is staying the same.

I personally expect it to grow more, there will be more people and more money coming in, so even if it's not world currency, it will be acceptable in every part of the world.

[MarjorieZimmermanGinger]

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.

Even from its inception until now bitcoin has never been considered a fiat currency, bitcoin is a digital currency that uses peer-to-peer technology to operate, bitcoin is considered a new model of investment freedom because no one can control it including any authority. Unrecognized by the state, bitcoin has come a long way today and does not need any kind of recognition.

Bitcoin is growing at this time, because people have seen the strength in maintaining investment value, so it is considered a promising investment and is able to maintain asset value in the future.

[MoonOfLife]

Due to its instability, I don't think that will occur. With government and central bank-developed instruments that help with regulation and its impact on an economy, fiat currency has shown to be a trustworthy medium of exchange.Nobody knows and examine the potential roles that cryptocurrencies will play.
We do not yet know what would happen to global financial stability if cryptocurrencies were to replace fiat money.

Not only is Bitcoin highly volatile, but bitcoin is not controlled by the government so the possibility of it becoming the world currency is unlikely. The government will never accept something out of control. If we are the government and there is something that threatens our power, we will also seek to destroy it rather than accept it.

[molsewid]

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.

At some point, I don't want for bitcoin to be legalized. That moment when people knew here in our country that cryptocurrency exist gives me a bad feeling, our government is not a good government that is open for any solution that their citizens might have the opportunity to earn more they just only want to corrupt more, I remember they are trying to threaten people because of earning online, they even make a public announcement that made many people to lose interest so fast.

[stadus]

Bitcoin is already seeing usage in some established online selling platforms and a couple micro businesses worldwide, so the idea of bitcoin becoming a world-currency, in its totality is actually true and is slowly happening as we speak. Furthermore, to compare bitcoin, a currency that hasn't even been in the market for more than 20 years, to a monetary system built upon thousands of years of commerce and economy, is a little unfair to the former right? I don't mean to sound like a visionary but I think we should give bitcoin credit where it is due. Altogether, bitcoin's price, stability, and everything else wouldn't mean when you compare it to established currency of the outside market, but intrinsically it has the potential to help in more ways than one.

It isn't totally impossible, we already have some views about it and the acceptance is growing, yet slowly but continuously.
Like if we say only 10 establishments are accepting this as a form of payment, maybe 10 years from now it can be doubled it's number or even more. We can't expect such huge and fast development and Bitcoin acceptance due to its risk and volatile nature but I believe this will be embraced by most if inflation is at its worst.