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

[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.

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

Bitcoin is already used as a legal currency in some countries, but it will take several more years before it is used as a legal currency in all countries around the world.  Then of course Bitcoin will be used as an alternative to USD and I think Bitcoin will be widely used for import and export of various products. But it is doubtful whether we will see it in our generation. Maybe our next generation can see and enjoy it

[BlackHatCoiner]

I do. The USD is nothing more than an empty promise from a debt to the bone nation. At least in the long term. Dominating fiat currencies come and go, analogously with the top nation, in terms of world order. Before the US there was Britain, before that France. Maybe the next is China, who knows, but the US doesn't seem a sustainable nation to me.

Bitcoin is fuck you money. Fuck bureaucracy. Fuck debt. Fuck bailouts. I think people will appreciate this as time goes by.

[cozytrade]

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.

I think it will be great for us if we can pay gas bills, electric bills and other bills through bitcoin. Because bitcoin is gaining a lot of popularity now. If the bills are introduced through bitcoin then the popularity of bitcoin will increase.  .  Everyone will be encouraged to use Bitcoin then I think we will see that very soon.

[davis196]

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?

No, because Bitcoin is too volatile and the BTC blockchain cannot handle billions of transactions per day. This question has been answered a billion times in the forum already. Just try to find the old forum threads about this topic, instead of creating another useless forum thread.
It's historically proven that the biggest empire in the world has the dominating currency. First it was the British pound in 19th century, and then the US dollar took over after World War 2. Maybe the Chinese yuan will replace the US dollar as a global currency, or maybe not. Who knows. Bitcoin doesn't have a big empire behind it's back. A bunch of small underdeveloped countries are Bitcoin-friendly, but that doesn't mean anything. The big powers must accept BTC as a legal tender, which is close to impossible to happen,

[bitzizzix]

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

Bitcoin is already used as a legal currency in some countries, but it will take several more years before it is used as a legal currency in all countries around the world.  Then of course Bitcoin will be used as an alternative to USD and I think Bitcoin will be widely used for import and export of various products. But it is doubtful whether we will see it in our generation. Maybe our next generation can see and enjoy it

Yes, it's true, bitcoin has actually become a global currency.

Bitcoins can be sent and received anywhere in the world as long as the user has a bitcoin wallet.
Bitcoin ATMs are present in the UK, Europe, US, Asia and Africa.
Bitcoins can be bought from almost anywhere in the world.
And there are already many who use bitcoin, and even continue to grow with their respective goals and also serve as an alternative transaction among bitcoin users which I think will continue.
and bitcoin has been accepted by many countries and big companies including Microsoft, Subway, PayPal and so on.
and it is only a matter of time before Bitcoin is known globally, because we will never know in the future for our next generation, and currently there are still pros and cons, especially its instability.

[xSkylarx]

It has a possibility because some countries already use bitcoin as their legal tender, right? So it is really possible, but the question is when for sure it will take more years or decades, but also keep in mind that bitcoin was not made to replace our current fiat system, hence it was made so that we can transact or send and receive money online that can be easily tracked and has low fees. Due to technology getting better and cashless society getting introduced to us, it is really possible that bitcoin was one that will be used, or if not for sure, it was derived from bitcoin also.

[Tony116]

It has a possibility because some countries already use bitcoin as their legal tender, right? So it is really possible, but the question is when for sure it will take more years or decades, but also keep in mind that bitcoin was not made to replace our current fiat system, hence it was made so that we can transact or send and receive money online that can be easily tracked and has low fees. Due to technology getting better and cashless society getting introduced to us, it is really possible that bitcoin was one that will be used, or if not for sure, it was derived from bitcoin also.

So far, we only have 2 countries that accept bitcoin as legal tender, and those 2 are 3rd world. Even with more countries in the future, there is no chance that bitcoin will be able to lead the world currency market unless the major powers accept it as a legal tender. But that is even more unlikely because the US and China both want their currencies to lead, if bitcoin exceeds that limit, they will find a way to stop it. But you are right, bitcoin is not created to replace the fiat system, it will become an alternative that exists side-by-side with the traditional monetary system.

[LogitechMouse]

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?

No.

Just think of it. Will the government of each country allow a currency that they can't control to be the leading currency? I mean US dollar currently is the accepted currency worldwide and that as well is controlled by the FED and the government. Will they allow something like Bitcoin to be the currency of the world if they know that they can't control it.

Different countries might've permitted Bitcoin for transaction, but that doesn't mean that it will be the leading currency of the world. Don't jump to conclusions like that just because a few countries tried to permit it or accepted it. No possibilities, no chances, just no, no. It can still be used as an alternative payment though, but will not be a leading currency.

[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.

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

Bitcoin is already used as a legal currency in some countries, but it will take several more years before it is used as a legal currency in all countries around the world.  Then of course Bitcoin will be used as an alternative to USD and I think Bitcoin will be widely used for import and export of various products. But it is doubtful whether we will see it in our generation. Maybe our next generation can see and enjoy it

Yes, it's true, bitcoin has actually become a global currency.

Bitcoins can be sent and received anywhere in the world as long as the user has a bitcoin wallet.
Bitcoin ATMs are present in the UK, Europe, US, Asia and Africa.
Bitcoins can be bought from almost anywhere in the world.
And there are already many who use bitcoin, and even continue to grow with their respective goals and also serve as an alternative transaction among bitcoin users which I think will continue.
and bitcoin has been accepted by many countries and big companies including Microsoft, Subway, PayPal and so on.
and it is only a matter of time before Bitcoin is known globally, because we will never know in the future for our next generation, and currently there are still pros and cons, especially its instability.

The biggest advantage is that there is no limit on Bitcoin transactions, the only limit is the wallet's rules & regulations.  This is also a disadvantage because it is very easy to do bad things like money laundering. On the other hand, there is a bank specific limitation for USD transactions.  For example in my country a user can endorse a maximum of 12k USD per year on his Debit/Visa card. But Bitcoin doesn't have this problem.  Hopefully our next generation will be able to use these benefits of bitcoins for globally transaction like USD

[Sayeds56]

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

It is is difficult to predict with certainty that Bitcoin will lead the world currency market in the near future. However, Bitcoin has the potential to address many issues in the current financial system. Bitcoin's unique characteristics, such as its deflationary nature, ability to hedge against inflation, and fast and cheap transactions, make it a promising alternative to current fiat currencies. However, there are many challenges that Bitcoin and other crypto currencies face, including adoption, regulation and security. Therefore, it remains to be seen if Bitcoin will emerge as leader of the world currency market.

[_BlackStar]

It is is difficult to predict with certainty that Bitcoin will lead the world currency market in the near future. However, Bitcoin has the potential to address many issues in the current financial system. Bitcoin's unique characteristics, such as its deflationary nature, ability to hedge against inflation, and fast and cheap transactions, make it a promising alternative to current fiat currencies. However, there are many challenges that Bitcoin and other crypto currencies face, including adoption, regulation and security. Therefore, it remains to be seen if Bitcoin will emerge as leader of the world currency market.

I can exclude security from one of your reasons because so far bitcoin has a pretty good security case, in fact I believe that bitcoin is not hackable.

Bitcoin is a good alternative to fiat, but of course bitcoin is not to replace existing payment systems. The fiat system will still exist and may never be replaced, but for something better then bitcoin offers a solution. So definitely I support some of the variables you said, but about security I guess that doesn't include why bitcoin doesn't dominate over fiat in the long term.

[Fuso.hp]

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?

People's positive thoughts about Bitcoin are increasing day by day. There are already many countries that have legalized Bitcoin in their countries. Considering the convenience and security of using Bitcoin, many people now choose Bitcoin as their means of transaction. Many countries have recently joined Bitcoin. When Bitcoin is adopted by people all over the world, people will definitely transact with Bitcoin instead of paper money. Maybe Bitcoin can be used as an alternative medium to the US Dollar but I don't think Bitcoin can replace the US Dollar.

[virasog]

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 tell you truth, it may take many years minimum a decade or two, for bitcoin to replace the US dollar. There are so many challenges in the crypto world that i don't think it can be a streamlined process for this shift from US dollar to digital currency.

Bitcoin volatility and governments around the world not interested in this transformation are the major hurdles, for bitcoin to become the mainstream currency around the world. 

[BenCodie]

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 tell you truth, it may take many years minimum a decade or two, for bitcoin to replace the US dollar. There are so many challenges in the crypto world that i don't think it can be a streamlined process for this shift from US dollar to digital currency.

Bitcoin volatility and governments around the world not interested in this transformation are the major hurdles, for bitcoin to become the mainstream currency around the world. 

Paradigm shifts happen faster than you would imagine. We are at the beginning of hyper-inflation stage of the US dollar and this is not something that is just falling due, it has been band-aided over and over again for decades. Two rounds of bailouts (08' and covid) combined with monumental QE (money printing) for over 7 years (started in the EU in 2016, US following shortly after) and now there is really not much stopping it from hitting the fan in a very quick amount of time. It should have happened during covid, though the stimulus and printing combined with economic shut down and distractions allowed another dying breathe. Another decade of the US Dollar? Highly unlikely. I give it 5 years and no more. Even that I think is over-shooting it by a lot.

[tjtonmoy]

Whether Bitcoin will lead the world currency market is a matter of speculation and debate. There are many factors that could influence the future of Bitcoin and other cryptocurrencies, including government regulations, security concerns, and competition from other cryptocurrencies. Additionally, the stability and widespread adoption of cryptocurrencies is still in question, which could impact their ability to compete with established fiat currencies. And also the fact that Cryptocurrency is volatile. This is why many will ignore crypto.

[Rigon]

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?

Bitcoin is officially legalized in some countries. But when Bitcoin is officially legalized all over the world, Bitcoin can lead the global market. But the popularity of Bitcoin is increasing day by day. There may come a time when people around the world will choose Bitcoin as their top currency for transaction and investing. Bitcoin may be expected to lead the world then. But it may not happen in our era. Maybe in our next generation or the one after that. But I hope one day Bitcoin will lead the world market.

[Ozero]

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?

It is necessary to accept the fact that states will not use bitcoin and other decentralized cryptocurrencies as a means of payment at the international level. There are many reasons for this, and above all, because of its high price volatility.
But citizens of different countries can and do use bitcoin as a global currency. The states can no longer interfere with this.

[mv1986]

I do. The USD is nothing more than an empty promise from a debt to the bone nation. At least in the long term. Dominating fiat currencies come and go, analogously with the top nation, in terms of world order. Before the US there was Britain, before that France. Maybe the next is China, who knows, but the US doesn't seem a sustainable nation to me.

Bitcoin is fuck you money. Fuck bureaucracy. Fuck debt. Fuck bailouts. I think people will appreciate this as time goes by.

A lot of people already do appreciate it, but there is still the threat that government will significantly undermine its utility, at least in the short and mid term. I guess we will see an interesting push for further adoption when the cryptocurrency industry gains in financial power and political influence. Banks have an incredibly strong lobby and governments and banks protect each other, finance each other for as long as the story can be sold to the public (or the majority of the public). I expect there will be a point where more and more politicians realize that there is more to be gained as a crypto proponent than there is as a fiat banking proponent.

The only way I see a cryptocurrency like Bitcoin ever become the leading currency in global markets is when some of the leading nations control the majority of the crypto industry, then fully legalize it, perhaps even make it legal tender and push adoption so hard that they can then shove it down other nations' throats.

I don't know whether gold reserves can effectively be hidden, but Bitcoin reserves could be hidden. In theory, the US or China could already control the majority of the Bitcoin supply without anyone knowing even vague numbers.

[|MINER|]

Looking at the current worldwide situation, it must be understood that the circulation of fiat currency or paper currency will disappear in the future. And there will come a time when people will do all their transactions through cryptocurrency. And in this case Bitcoin will definitely be the first and lead. So in my personal opinion Bitcoin has the potential to lead Cryptocurrency instead of fiat currency in future.

[Crypto Library]

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

Bitcoin is already lead the crypto industry but to taking the the place of Us dollar It is very difficult to say how much time it will take.  But it is not impossible, in the future cryptocurrency will definitely be used as an alternative to the current currency, then Bitcoin will show its strength.

]
Bitcoin is officially legalized in some countries. But when Bitcoin is officially legalized all over the world, Bitcoin can lead the global market. But the popularity of Bitcoin is increasing day by day. There may come a time when people around the world will choose Bitcoin as their top currency for transaction and investing. Bitcoin may be expected to lead the world then. But it may not happen in our era. Maybe in our next generation or the one after that. But I hope one day Bitcoin will lead the world market.

Not only just officially legalization in few countries Bitcoin take as their official legal tender And 5 more countries are expected to join the line. And I think until it becomes legal tender in most countries of the world, it will not be able to compete with the US dollar and it can really get our Next Generations.