Bitcoin will not become the world currency.

[Velemir Sava]

Did you know? The value of Bitcoin is based on user consensus, which is ultimately based on utility and trust. The uses of blockchain technology are almost limitless, so it is interesting to see the development of this technology.

Even if Bitcoin doesn't become the only world currency, it still survives. It's been Thirteen years since Bitcoin was created, and I don't think it's going away after all this time.

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[Noruka]

The Argentinean Peso and the Venezuelan bolivar have changed their value a lot, yet they're still currencies.

In 10 years or so, one Argentinean Peso went from being worth $1 to being worth one cent.

And the situation in Venezuela is even worse.

So, I think Bitcoin is pretty stable compared to that.

Bitcoin is a lot better than Fiat currencies because it can be used across borders and gives you complete control of your money. It has done well even with the decaying state of the global economy. If Bitcoin has reached this far, then it can do anything. I'd imagine people using it at a large scale worldwide pretty soon.

The pioneer cryptocurrency is not a "world currency", simply because it isn't officially recognized by mainstream governments as such. But technically, it is. After all, anyone can use it anywhere as long as there's access to the Internet. This is only the beginning of the "Bitcoin Revolution" that will change our world for the better. Who knows if someday BTC beats Fiat currencies for good? Just my thoughts

It would still need some governments from major economies to foster practical regulation and accept Bitcoin for tax payments. They can still pass regulation that makes it overly complicated to use Bitcoin for various purposes. Especially when it comes to smaller scale transactions or micro transactions, they could force people to document everything from the origin to realized gains and losses etc. In the end it is a race that governments can't win, but they can delay the adoption process. At the same time they accelerate it by making a certain spectrum of transactions more feasible.

I don't know in how far technological questions like those about quantum computing and its impact on Bitcoin first need to be addressed and answered in more detail. If a cryptocurrency serves as the world currency, it should at least be clear that it can't be attacked by hidden innovation. What if one government is researching technology that nobody else knows about and it could attack a multi trillion dollar network? Could that result in a serious doomsday?

[BenCodie]

Did you know? The value of Bitcoin is based on user consensus, which is ultimately based on utility and trust. The uses of blockchain technology are almost limitless, so it is interesting to see the development of this technology.

Even if Bitcoin doesn't become the only world currency, it still survives. It's been Thirteen years since Bitcoin was created, and I don't think it's going away after all this time.

If the world is participating in the network, then I suppose it will become indirectly the reserve currency. The OP is right in saying that the state will likely never recognize it as a global currency. Who cares! The state may fall in the interim. By this stage, money network participation with the best consensus will rule...and I think Bitcoin will always hold the standard necessary to facilitate what the world will eventually need.

[rby]

Yes bitcoin will not become the world currency because it is not created to be the world currency or neither was it created to fight other currencies because it was created to be an alternative currency. The battle for bitcoin is not to be the world only currency, rather it is fighting to survive side by side along other currencies and even cryptocurrency.

[Raflesia]

Did you know? The value of Bitcoin is based on user consensus, which is ultimately based on utility and trust. The uses of blockchain technology are almost limitless, so it is interesting to see the development of this technology.

Even if Bitcoin doesn't become the only world currency, it still survives. It's been Thirteen years since Bitcoin was created, and I don't think it's going away after all this time.

If the world is participating in the network, then I suppose it will become indirectly the reserve currency. The OP is right in saying that the state will likely never recognize it as a global currency. Who cares! The state may fall in the interim. By this stage, money network participation with the best consensus will rule...and I think Bitcoin will always hold the standard necessary to facilitate what the world will eventually need.

Yep, regardless of whether they finally admit it or not, bitcoin is still bitcoin and in the end only a few countries admit it because indeed with their interests, especially for large countries, it is clear that it will be very difficult to make bitcoin into something of more value to them.
But that's not a problem as long as there's no ban then that's already a good thing.

[dunfida]

Did you know? The value of Bitcoin is based on user consensus, which is ultimately based on utility and trust. The uses of blockchain technology are almost limitless, so it is interesting to see the development of this technology.

Even if Bitcoin doesn't become the only world currency, it still survives. It's been Thirteen years since Bitcoin was created, and I don't think it's going away after all this time.

If the world is participating in the network, then I suppose it will become indirectly the reserve currency. The OP is right in saying that the state will likely never recognize it as a global currency. Who cares! The state may fall in the interim. By this stage, money network participation with the best consensus will rule...and I think Bitcoin will always hold the standard necessary to facilitate what the world will eventually need.

Yep, regardless of whether they finally admit it or not, bitcoin is still bitcoin and in the end only a few countries admit it because indeed with their interests, especially for large countries, it is clear that it will be very difficult to make bitcoin into something of more value to them.
But that's not a problem as long as there's no ban then that's already a good thing.

Even they would be banning it but still there's nothing they could do since the support of the community is getting bigger day by day.Yes, it wont really be that an easy thing for it to be spread in every corners of the globe considering that each government does really have their own stance and even there are ones who do accept and legalized it but most of them do really go into banning side.
Bitcoins existence will not become the world currency and wouldnt really become mainstream since fiat would really be always on the top but at least we do really have that alternative
plus we do know on what its benefits and other stuffs and this is why its really getting that huge attention.

[White pawn]

Yes bitcoin will not become the world currency because it is not created to be the world currency or neither was it created to fight other currencies because it was created to be an alternative currency. The battle for bitcoin is not to be the world only currency, rather it is fighting to survive side by side along other currencies and even cryptocurrency.

I don’t think it’s fighting to survive side by side among other cryptocurrencies as there isn’t any alt coin that would rival the dominance of bitcoin. It is better said that bitcoin is fighting to stay side by side among the world fiat currencies. Although I don’t think bitcoin was created to try and phase out the fiat method of payment, it certainly has become a worthy contender. I think with bitcoin, there is still some potential that’s still yet to be unlocked. Bitcoin has come to stay.

[jokers10]

Yes bitcoin will not become the world currency because it is not created to be the world currency or neither was it created to fight other currencies because it was created to be an alternative currency. The battle for bitcoin is not to be the world only currency, rather it is fighting to survive side by side along other currencies and even cryptocurrency.

It depends on how do you define this combination of words. If you define it as an only currency in the world then right, bitcoin will hardly become so as its decentralized nature is just opposite to it. But if you think about being among anchor currencies then why not: bitcoin can be and an anchor currency and be accepted really widespread, and we can call that a world currency even if there will be multiple currencies else.

[nullama]

~snip~
It depends on how do you define this combination of words. If you define it as an only currency in the world then right, bitcoin will hardly become so as its decentralized nature is just opposite to it. But if you think about being among anchor currencies then why not: bitcoin can be and an anchor currency and be accepted really widespread, and we can call that a world currency even if there will be multiple currencies else.

I think the fact that anyone in the world can buy and sell Bitcoin 24/7, anywhere, makes it a bit more volatile.

All the fiat currencies usually are traded in a small period of time (9-5 Monday to Friday)... and also they can be controlled to make them more stable. Actually this sounds so archaic in the times of the Internet

Basically Bitcoin will probably always be more volatile because events in other countries might affect its price immediately in other countries.

[CageMabok]

Did you know? The value of Bitcoin is based on user consensus, which is ultimately based on utility and trust. The uses of blockchain technology are almost limitless, so it is interesting to see the development of this technology.

Even if Bitcoin doesn't become the only world currency, it still survives. It's been Thirteen years since Bitcoin was created, and I don't think it's going away after all this time.

I also envision it being like this where Bitcoin is here to stay and it will also remain as a great asset when more people start to love it and use it where they can. And that is of course regardless of whether Bitcoin will be used as a world currency or not, because Bitcoin has a technology that is very influential for everyone and this will make Bitcoin even bigger when there are many countries that start to agree to accept Bitcoin as a means of payment like Fiat is still accepted for any payments.

[D ltr]

Did you know? The value of Bitcoin is based on user consensus, which is ultimately based on utility and trust. The uses of blockchain technology are almost limitless, so it is interesting to see the development of this technology.

Even if Bitcoin doesn't become the only world currency, it still survives. It's been Thirteen years since Bitcoin was created, and I don't think it's going away after all this time.

If the world is participating in the network, then I suppose it will become indirectly the reserve currency. The OP is right in saying that the state will likely never recognize it as a global currency. Who cares! The state may fall in the interim. By this stage, money network participation with the best consensus will rule...and I think Bitcoin will always hold the standard necessary to facilitate what the world will eventually need.

how can you conclude that btc is a reserve currency while btc is not a currency.
even though the economy is collapsing fiat will be the main thing and physical gold will accompany it
I'm not anti btc but that's how the world really is
btc is just a digital asset

[jokers10]

I think the fact that anyone in the world can buy and sell Bitcoin 24/7, anywhere, makes it a bit more volatile.

All the fiat currencies usually are traded in a small period of time (9-5 Monday to Friday)... and also they can be controlled to make them more stable. Actually this sounds so archaic in the times of the Internet

Basically Bitcoin will probably always be more volatile because events in other countries might affect its price immediately in other countries.

It is not because of that you can trade it any time of a day, it is because that it has no regulation in trading. Any possible decision has both benefits and flaws so at these early stages of bitcoin adoption and development it can be so that beneficial decentralization at the other side gives the whales an option of easier starting a wave in a market. But to me the benefits of decentralization are more weighty so I'm ready to put up these temporary flaws.

[Abiky]

I don't think there's ever going to be a world in which we don't have fiat, and we only have Bitcoin.

The reality is that it's going to be much more complex than that. We will have Bitcoin living in parallel with fiat currencies.

Even right now there's some people living in a Bitcoin standard. They get paid in Bitcoin and they pay their goods and services with Bitcoin. Others have massive amounts of Bitcoin and they simply sell a portion of it every month to live off Bitcoin. On the other hand, there's plenty of people that live in a 100% fiat world and have no idea about Bitcoin.

Just like the Internet, the people that use the new technologies will get ahead, and the people stuck in the past will be worse off.

Exactly. Governments simply won't allow that to happen. Otherwise, they would lose control over people's financial life. Bitcoin will only remain an alternative currency for those seeking true financial freedom. The fact that it can be used anywhere there's access to an Internet connection, is more than enough to classify it as a "world currency".

Some governments officially recognized BTC as legal tender, while others are banning it completely. Yet, Bitcoin's decentralized and censorship-resistant design makes it immune from governments' actions. It will certainly live alongside Fiat for generations. Who knows how far Bitcoin will go in terms of mainstream adoption worldwide? Just my opinion