Do you think Bitcoin will lead the world currency market??

[LittleBitFunny]

I assure you that bitcoin will never be able to lead the world monetary system. Our world is becoming modern day by day, there is a possibility that fiat will be replaced by digital currency, but it will be government generated money, not bitcoin or altcoins, government will never let that happen. Bitcoin acceptance is on the rise, but it will only stop as an alternative, an optional payment method, it will never be an official world currency.
I think in the future, it is more likely that bitcoin will be more of a gold-like asset than a payment method, even though it can be used for payments.

[Sanitough]

Bitcoin can be an alternative but will not be a replacement. Banks and Government will move heaven and earth to make sure that will never happen hehe. They can make concessions like allowing it to co-exist with their national currency as an investment product or a legal tender but they will never allow it to exceed fiat or their own CBDC if they have one.

I would agree with this assessment. Right now Bitcoin is still relatively small on the global scale, especially when compared with top currencies. While I do believe the dollar will be replaced, I think it’s likely it will be replaced by a central bank digital currency, possibly made up of a basket of currencies. There is a chance that the people will reject government and use Bitcoin only, but I’d put the odds of that happening at probably 1%.

Well, this one has a good point too. Since we are now heading into a fully digital world, if USD will be replaced, most likely it would still be a centralized digital currency which is still in complete control with the government and central bank. Though bitcoin may also be globally accepted as a currency in the near future, but it  will never lead the world currency market because of its decentralization nature.

[mk4]

I assure you that bitcoin will never be able to lead the world monetary system. Our world is becoming modern day by day, there is a possibility that fiat will be replaced by digital currency, but it will be government generated money, not bitcoin or altcoins, government will never let that happen. Bitcoin acceptance is on the rise, but it will only stop as an alternative, an optional payment method, it will never be an official world currency.
I think in the future, it is more likely that bitcoin will be more of a gold-like asset than a payment method, even though it can be used for payments.

Do you really think it's that impossible knowing that Bitcoin's reach is global, while the US Dollar is only for a single (albeit huge and powerful) country? Bitcoin can easily beat the USD in terms of marketcap in the long term.

[Ra2]

Recent, I think this is not qualified subject. Because Bitcoin already leader of digital ecosystem industry. we can not wait to see, Bitcoin will be able to rebuild any volatile industry, if they have hold to btc. And Can't wait to see in future, all of LC, industries products, electric bill, gas bill and much more will be approve payment by Bitcoin. Every country will approve Bitcoin. So it's future leader of all industry.

[CryptoBuds]

Bitcoin can survive and thrive without government approval, but for it to become a world currency or be used globally, it will depend on the government's decision. The government is not the issuer, nor does it control it, so it is very unlikely for bitcoin to lead the world currency market in the world. Even if bitcoin is judged to be superior to fiat, there is potential to reduce inflation for the economy if using it, but they will never do it because it directly affects their interests.

[maxreish]

Why not? Everything is possible in the future, but that doesnt mean it will gonna lead the world currency, though bitcoin is starting to be known and its popularity is at high level, we cant still predict about it., That is beyond words but if we are talking about digital eras and future happenings, then the power of digital currency will gonna improved. However, the fiat money is hard to replace and  regulations about cryptocurrency are still on going on some countries.

[yazher]

I believe that will happen in the future because, as we can see, those big companies that were not supporting it back then are now changing their minds and are the ones who are doing their job promoting it to their client. Also, other payment platforms are adopting it and implementing cryptocurrencies in their services. As we all know, some online payment that we usually used back then now have their own version of exchanges because they don't want to be left behind and don't want to spoil the chance where they can make more money from it. instead of listening to the bank's supporters, they instead do their own research and finally found out that implementing Bitcoin as one of their accepted payments is a good idea. With this kind of scenario going on, we have a high percentage that it will become one of the world currencies in the future if nothing will going to change the cause of the negative impact of some major exchanges.

[Sayeds56]

The potential of Btcoin to become a global currency is very interesting topic of discussion on both print and electronic media. The increasing acceptance of Bitcoin as method of payment by many businesses and individual is very positive sign for it future prospects. On the other hand, Bitcoin is still a relatively new currency, and its value can be very volatile. It also faces regulatory hurdles, that must be overcome before it can be widely adopted as a currency. It remains to be seen how adoption will progress in coming years.

[Raceonsucced]

Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

Although I think BTC is primed to beat gold in the near future and become one of the top accepted digital currency globally, but it still cant replace the USD to lead the world markets.
Actually, the us dollar moves the entire markets such as gold, btc, stocks, etc. and governments wont let anything replace that. Market pumps and recession everything happens based on the USD.

I agree with you. indeed btc is very famous and is the king of crypto coins. but the US dollar will still be irreplaceable, because the US dollar is still needed for the entire market and btc will not be able to replace it.

[crunck]

US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

I will agree with you that bitcoin is gaining wide acceptance, and it is getting bigger and bigger. But to think that it will replace the US dollar or government currency as the main currency in the world, that is unlikely. I think there's not even a chance for that to happen unless the government gets control of bitcoin and can print more bitcoins.

[AmoreJaz]

The potential of Btcoin to become a global currency is very interesting topic of discussion on both print and electronic media. The increasing acceptance of Bitcoin as method of payment by many businesses and individual is very positive sign for it future prospects. On the other hand, Bitcoin is still a relatively new currency and its value can be very volatile. It also face regulatory hurdles, that must be overcome before it can be widely adopted as a currency. It remains to be sen how adoption will progress in coming years.

this is why i don't think we will see in our lifetime that btc will surpass the dominance of USD. it may increase its popularity of usage but it won't surpass the USD. people should be grateful the usage of crypto is increasing but aiming to surpass USD, not yet. there are pros and cons of using this currency, and the governments are still on the cons side.

[Scripture]

If its already legal and being accepted in every country then its possible though we have to consider its supply as well, this can be very inconvenient and very expensive to some if the supply is limited for the world market. Bitcoin should not aim for this, instead it should remain a crypto currency that gives access to everyone which the fiat money can’t give. I still see USD will be the leader when it comes to currency, they are too strong for that reason.

[lionheart78]

I assure you that bitcoin will never be able to lead the world monetary system. Our world is becoming modern day by day, there is a possibility that fiat will be replaced by digital currency, but it will be government generated money, not bitcoin or altcoins, government will never let that happen. Bitcoin acceptance is on the rise, but it will only stop as an alternative, an optional payment method, it will never be an official world currency.
I think in the future, it is more likely that bitcoin will be more of a gold-like asset than a payment method, even though it can be used for payments.

Do you really think it's that impossible knowing that Bitcoin's reach is global, while the US Dollar is only for a single (albeit huge and powerful) country? Bitcoin can easily beat the USD in terms of marketcap in the long term.

I agree, as far as I know that USD even though widely use is only a  legal tender to eight countries[1], so I think with the features of Bitcoin, it will eventually beat USD in terms of country that will accept it as a legal tender. It is that Bitcoin economy is still young so we might need a longer time for Bitcoin to start its climb on the ranking of global currencies.

If the market of Bitcoin matures, I also think that it can easily dethrone any top-ranking global currency


https://www.nationsonline.org/oneworld/currencies.htm#:~:text=The%20US%20Dollar%20is%20the,Palau%2C%20Panama%2C%20and%20Zimbabwe.

[n0ne]

I assure you that bitcoin will never be able to lead the world monetary system. Our world is becoming modern day by day, there is a possibility that fiat will be replaced by digital currency, but it will be government generated money, not bitcoin or altcoins, government will never let that happen. Bitcoin acceptance is on the rise, but it will only stop as an alternative, an optional payment method, it will never be an official world currency.
I think in the future, it is more likely that bitcoin will be more of a gold-like asset than a payment method, even though it can be used for payments.

Do you really think it's that impossible knowing that Bitcoin's reach is global, while the US Dollar is only for a single (albeit huge and powerful) country? Bitcoin can easily beat the USD in terms of marketcap in the long term.

I agree, as far as I know that USD even though widely use is only a  legal tender to eight countries[1], so I think with the features of Bitcoin, it will eventually beat USD in terms of country that will accept it as a legal tender. It is that Bitcoin economy is still young so we might need a longer time for Bitcoin to start its climb on the ranking of global currencies.

If the market of Bitcoin matures, I also think that it can easily dethrone any top-ranking global currency


https://www.nationsonline.org/oneworld/currencies.htm#:~:text=The%20US%20Dollar%20is%20the,Palau%2C%20Panama%2C%20and%20Zimbabwe.

Bitcoin needs time to take the lead. People aren't prepared enough to consider it as the primary currency on daily usage. To reach such a level it takes time and countries needs to be supportive. More countries making it legal tender makes way for the bitcoin to take lead of USD. In all means bitcoin is serving the world as an alternate and this needs to change.

[dansus021]

Yes it can be done whenn all people know how the technology work, by far people use fiat because it is well known to all people on earth "maybe" and gold. But the global currency is supposed to be gold or fiat backed by real gold. Bitcoin is can be global currency but it will takes time

[LittleBitFunny]

I assure you that bitcoin will never be able to lead the world monetary system. Our world is becoming modern day by day, there is a possibility that fiat will be replaced by digital currency, but it will be government generated money, not bitcoin or altcoins, government will never let that happen. Bitcoin acceptance is on the rise, but it will only stop as an alternative, an optional payment method, it will never be an official world currency.
I think in the future, it is more likely that bitcoin will be more of a gold-like asset than a payment method, even though it can be used for payments.

Do you really think it's that impossible knowing that Bitcoin's reach is global, while the US Dollar is only for a single (albeit huge and powerful) country? Bitcoin can easily beat the USD in terms of marketcap in the long term.

I don't think the dollar is only for one country, if I'm wrong please correct me, all international commercial transactions today use the dollar as the main currency. During the 2022 crisis, the USD is still considered a safer haven relative to other assets. The possibility of USD being replaced is still there but the probability is too low, and as I said, if it does, it will be another centralized currency and not a decentralized currency.

As for whether bitcoin will beat the USD cap in the long term, let's wait and see because if we compare bitcoin's capitalization to gold or the stock market today. The capitalization of gold is $11 trillion, and the stock market's capitalization is over $70 trillion.

[coinerer]

US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

Us doller (USD) is issues by United States of America. And it is a dollar created by the government because of which the world has gained trust in it and everyone believes that it will never be destroyed or scammed and everyone's money will be completely saved that is why it is now used as the number one currency worldwide. Although crypto currency lovers trust and support Bitcoin enough.  But out of 8 billion people worldwide, only 420 million people use cryptocurrency so far. So Bitcoin may one day be used as an alternative to USD but it is hard to say how long it can take.

[Xampeuu]

US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

Us doller (USD) is issues by United States of America. And it is a dollar created by the government because of which the world has gained trust in it and everyone believes that it will never be destroyed or scammed and everyone's money will be completely saved that is why it is now used as the number one currency worldwide. Although crypto currency lovers trust and support Bitcoin enough.  But out of 8 billion people worldwide, only 420 million people use cryptocurrency so far. So Bitcoin may one day be used as an alternative to USD but it is hard to say how long it can take.

if later bitcoin is legalized like USD or the whole world has recognized it as a legal currency, then the possibility of becoming like USD will be wide open. but the problem is that most countries have not recognized it, so that more people still do not understand about bitcoin, and it seems that until now there have been no signs to legalize bitcoin for big countries, so it is true that maybe generations after us will happen

[Mauser]

US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

I think there are two changes happening in the world currency markets at the moment. The first is the rise of crypto currencies. For the last few years a lot of investors started to aquire druotos. The second trend is the losing power of the US Dollar as the world dominating currency. This is comes as other countries like China, India, Russia and big oil export countries in the middle east are trying to trade in their own currencies between each other, instead of settling all trade in USD. All these countries would like to see another currency as the world leading trading currency, if possible their own currency. This seems very unrealistic at the moment, why would any country support something else then their own currency. The real question is now would there be a compromise to find a different currency every country would be happy with. Here comes crypto currencies in as the perfect solution, an independent currency that is not controlled by government. The main problem here is that the price for bitcoin is not really stable, as long as there are big price fluctuations it's hard to use bitcoin as the world currency to settle all trade.

[Nrcewker]

US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

To be honest, yes more people are buying Bitcoins and adopting it. But you need to understand the fact that, they are not using it as a currency. Rather they are using it as an asset. They buying the Bitcoins and holding it to yield more and more profits from it. So if you debate regarding the lead of world currency, then it’s completely baseless. Yes I have seen many people using the Bitcoins to do little payments, but majority of the people hold it as an asset. Therefore I don’t think Bitcoins will lead anywhere, if the World’s Currency is considered.