Bitcoin as the leading currency

[peter0425]

With Bitcoin reaching a new ATH, overtaking assets and currencies in the rankings of the world... it got me thinking of what could happen if bitcoin finally becomes the most valuable currency in the world by marketcap.


Currently as you can see, the Chinese Yuan is the leading currency.. for now. Now let us visit a hypothetical world where bitcoin finally becomes the greatest currency among crypto and fiat alike. What happens? First of all, we need to establish when it could actually happen. Bitcoin would have to be valued at $1 million per coin at least in order to be the leading currency. When this finally happens, we can expect that adoption would be greater than ever.  Maybe take that and multiply into 100x. Now, we are seeing more countries take bitcoin and add it into their reserves. But when bitcoin reaches $1 million, other countries would be forced to add bitcoin into their reserves if they haven't done it yet.

The power that the leading nations (US, China) would lessen and shift towards bitcoin. And these are all positive things of course especially if you are already holding bitcoin right now. You are the future, my friend. Anyway, now let's talk about the possible challenges.

Bitcoin being the leading currency would mean it needs to brace itself for global use which would mean that it needs to have a larger scalability. Will layer solutions be enough or will there be a new solution that will emerge in the future?

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

[Mate2237]

This is the prayer of every bitcoin enthusiast that Bitcoin will one day become the leading currency in the world that will put a new shift in the history of Bitcoin because the first thing that will happen when we gets to this stage in the price of Bitcoin is mass adoption rate across the world even countries that where against Bitcoin will not be liked to be left behind so every country in the world will legalize Bitcoin in their countries



Another thing that will happen is that awareness about Bitcoin will increase because when something is valuable it attracts attention so this will lead to making Bitcoin more popular around the world which will directly also contribute to making sure that more people adopt Bitcoin use across the world

[odolvlobo]

Apples to oranges. You can't compare the Bitcoin money supply to a country's M2 money supply measure because the M2 includes the effect of fractional reserve banking and the Bitcoin supply does not. You must compare the Bitcoin supply to the M0 or monetary base values, which are much lower.

The monetary base of the USD is about $6 trillion, so if Bitcoin completely replaces the USD, a bitcoin would be worth about $286k.
The CNY M0 is about $13 trillion, so if Bitcoin completely replaces the CNY, a bitcoin would be worth about $620k.

[BIT-BENDER]

Another thing that will happen is that awareness about Bitcoin will increase because when something is valuable it attracts attention so this will lead to making Bitcoin more popular around the world which will directly also contribute to making sure that more people adopt Bitcoin use across the world

When you talk about valuable I think you are pointing to the price of Bitcoin, but yes the growing price of Bitcoin is attracting people but have you sat back to understand the type of people that it is attracting? The price of Bitcoin is only attracting investors and some of this investors are desperate who can go as far as try to manipulate the market.
But rather I think we need people getting interested in Bitcoin not just for their investment plans but also for the other values Bitcoin offers, we need people to start exploring the real usage of Bitcoin and all of its decentralized qualities.

[un_rank]

I do not like seeing bitcoin on a list with fiat currencies, they are totally different with different functions.

Bitcoin being the only one with a limited supply means the other currencies the others can always inflate theirs and increase their market cap, creating an imbalance in the ranking. This can be equalized by the speculative value, but the imbalance still exists.

Bitcoin's main goal is in the utility. It can become a global currency without topping all the other ones above it.

- Jay -

[Spaceman1000$]

If we ever get to that point where bitcoin is the leading currency in the world in terms of value, then that's a prediction a lot of us here have foresaw, that's why we sing it like a song that investors should hold for a long time, cause at the end of the day, they are the one's to benefit the fruit of their labour. Today we have bitcoin at 100k plus, if you have up to 10 bitcoin that's roughly over a million dollar, then imagine when 1 bitcoin is valued at a million dollar, you will certainly tell yourself that your wait wasn't in vain. Lot's of corporate organisations currently heavily invested in bitcoin knows what they are doing, they've seen the trajectory and they don't want to be left out.

[Ullaa]

If bitcoin ever hit $1 million and take front stage as the most valuable currency there would be a significant change not only in finance but also in world power systems. I agree that nations would be practically compelled to own bitcoin in order to remain important in commerce and international economics but scalability presents a major problem. Right now, it's not nearly ready for that kind of worldwide load even with Lightning and other layer 2s. Governments may also object more forcefully if bitcoin compromises their financial control.

[Mastercon]

Can people wage "lawfare" ? I mean what a silly question. It's possible, so they might as well.
I'm just jokingly asking if now with more interest in bitcoin given its size, if we will see people get attacked legally for having a big reach of their opinion and going maybe against bigger interest groups

It's stuff like asserting Bitcoin isn't money, nations shouldn't adopt it, users shouldn't self custody, users should go into extreme debt to buy and mortgage their homes at the top of markets, organizing miners and memecoiners, putting on conferences ushering people to memecoins custodians, writing playbooks teaching people how to Bitcoin via memecoin custodians, going on TV and telling people to buy his stock instead of Bitcoin - all while his stock holders have zero claim to any of the Bitcoin value their stock purchases buy and all the debt liability. The dude has a 200 million dollar company with no earnings that has now used 40 billion in stock issuances and debt purchasing to degen gamble with Bitcoin in his company name at the stock holders liability.

Everyone has feelings. It's up to each of us to manage our feelings. If the social context of Bitcoin is too much for your emotional regulation ability, I would suggest that is less a problem with the Bitcoin social space and more a problem with underdeveloped emotional management skills.

[The Cryptovator]

Can we compare Bitcoin with other centralised currencies that have unlimited supply? Even if Bitcoin surpasses them, they could print more money and cross Bitcoin again. But due to the limited supply of Bitcoin, it will have to cross others by increasing the price. So it will be quite tough for Bitcoin without massive adoption. Centralised governments won't dump their currency, especially leading countries like the US or China.

Bitcoin itself is a powerful currency, and countries seem interested in reserving it. Though it's mean they are considering Bitcoin as an asset, it's still a currency and has a store of value.

[FortuneFollower]

I wouldn't go and want to see 1 million price for BTC to be adopted - rather for it to be suited to be the currency to be used properly already. It would be needed no matter the price or time.

[Yoona_As]

If we consider the price of Bitcoin from a historical perspective, then its price has increased a lot in the present time. Because Bitcoin is so profitable, people in almost all regions know about Bitcoin, the price of Bitcoin has increased the most in 2025, which is expected to increase further in the future and will attract investors. Bitcoin is in many countries, they have not legalized it, and there are many countries that have legalized Bitcoin, but seeing the profitability of Bitcoin, all countries will gradually legalize it.

[henry_of_skalitz]

If we consider the price of Bitcoin from a historical perspective, then its price has increased a lot in the present time. Because Bitcoin is so profitable, people in almost all regions know about Bitcoin, the price of Bitcoin has increased the most in 2025, which is expected to increase further in the future and will attract investors. Bitcoin is in many countries, they have not legalized it, and there are many countries that have legalized Bitcoin, but seeing the profitability of Bitcoin, all countries will gradually legalize it.

Many people know about BTC, but still disregard it - that's the main thing about the question put.

Time will make this factor different, and we've still got a lot of work to do in that regard.

[Dr.Bitcoin_Strange]

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

Bitcoin is not getting to $1m this year or next but don't be surprise to see it happen in 10 or 15 years time. So far, Bitcoin have overtaken Amazon by market cap, years before now many people didn't think it was going to be possible but it has become possible now and people are believing that same will happen that Bitcoin will become top asset by market cap. Bitcoin is already leading and many people (retail investors and institutions) are looking to accumulate a large amount of Bitcoin.

[hd49728]

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

Anyone can bet liket this man.
https://www.forbes.com/sites/brandonkochkodin/2023/05/02/balaji-srinivasan-concedes-bet-that-bitcoin-will-reach-1-million-in-90-days/

You know, it is not an actual bet and the man did not lose anything with that saying. I can say it too or I can say something more shockly like Bitcoin will reach $10M at the end of 2025. Who does care about what that man say or I say?

Bitcoin is not getting to $1m this year or next but don't be surprise to see it happen in 10 or 15 years time. So far, Bitcoin have overtaken Amazon by market cap, years before now many people didn't think it was going to be possible but it has become possible now and people are believing that same will happen that Bitcoin will become top asset by market cap. Bitcoin is already leading and many people (retail investors and institutions) are looking to accumulate a large amount of Bitcoin.

Bitcoin will only reach $1M this year or next 90 days or shorter time if there is something changes the whole world entirely in very negative ways. It can be time when $1 or $1M does not worth anything much and you won't want to live in that scenario with 1 bitcoin in your wallet but if you cash it out for $1M, you can not use $1M to buy anything considerable in practical use.

[peter0425]

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

Bitcoin is not getting to $1m this year or next but don't be surprise to see it happen in 10 or 15 years time. So far, Bitcoin have overtaken Amazon by market cap, years before now many people didn't think it was going to be possible but it has become possible now and people are believing that same will happen that Bitcoin will become top asset by market cap. Bitcoin is already leading and many people (retail investors and institutions) are looking to accumulate a large amount of Bitcoin.

Bitcoin is leading the cryptocurrency industry yes. But not yet among fiat and assets. Though it doesn’t mean that it’s not profitable or anything like that. It might be one of, if not the most popular investment right now. Highly accessible and trendy among youngsters and even much more older people. It’s a trending term all year round. If in 16 years bitcoin got to $100k, what it fan achieve in the next 16 years as well? It’s totally possible to see it reach $1 million.

[Fivestar4everMVP]

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

I do know but I picture that world would still be normal like it is right now when bitcoin finally gains prominence as the world's leading currency both in crypto world and in the fiat and asset world, I don't expect the world to look any different but rather we ourselves who are here today should look very different then because many of us would have made so much money that we could even buy a country if we want.

But then, let's not forget that "to whom much is given, much is also expected", like you talked about bitcoin's scalability which is a big issue if the whole world now adopts bitcoin to replace fiat which is something that may likely never happen, but then, bitcoin will face scalability issues if new solution is not developed and functional by then.

[PX-Z]

I don't think local currency's market cap have to do with Bitcoin and they incomparable to begin with.

Currently as you can see, the Chinese Yuan is the leading currency.. for now.

Also, where this chart came from, why it uses btc and sats unit, what it means in price of 100k sats? Is that the price of bitcoin, 100k sats? Quite confusing.

[kryptqnick]

I agree with most of what the op is saying, but not all of it. I believe Bitcoin is likely to reach 1 billion USD per coin, but I also don't think it'll happen anytime soon.
That being said, I don't think it's fair to measure Bitcoin against other fiat currencies. Even if Bitcoin surpasses Chinese yuan and the US dollar, it won't actually mean it's the leading currency because it's actual usage as a currency rather than an asset would still be incomparably smaller than that of fiat currencies.
So I don't think it would actually be a mainstream form of payment at that point. But having some reserves of it, much like countries have gold reserves, would make a lot of sense.

[MArsland]

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

Who would have thought $100K could be touched within 16 years since its launch, everyone clearly at that time did not have the belief that they would see $100K. Well, the same thing now $1 Million seems impossible and far to achieve but then again no one could have thought maybe we can't see it but our descendants will definitely experience it and at that time Bitcoin was definitely the leading currency used in the world.

[Swordsoffreedom]

Despite many optimistic investors, I do not think bitcoin will be reaching $1 million any time soon though I do have confidence that it will at some point. Just probably not tomorrow. Still, I like to think about what could happen if this does happen. What would the world look like with bitcoin as its leading currency?

Who would have thought $100K could be touched within 16 years since its launch, everyone clearly at that time did not have the belief that they would see $100K. Well, the same thing now $1 Million seems impossible and far to achieve but then again no one could have thought maybe we can't see it but our descendants will definitely experience it and at that time Bitcoin was definitely the leading currency used in the world.

I don't see anyone saying bitcoin will never reach $1 million, what I see is that the community currently has two different lines of thought. Some people think bitcoin will hit $1 million within the next 1 or 2 cycles , while others think it won't happen anytime soon and could take decades or won't happen in our generation. That's what people are arguing  about .

But bitcoin hitting $1 million won't make it the most used currency in the world . For bitcoin to do that , it just needs to be legalized and  backed by governments . But  I doubt any government would fully support that, a currency they don't control .