Can Bitcoin Truly Become a Global Currency?

[Vaculin]

It's already starting to act as one, and the progress is now seen inevitable due to the increasing demand coming from the people.

However, more than a global currency, I can still see bitcoin more as an investment for the people. As long as its price consistently grows and give us new all time highs, people will mostly focus on bitcoin as a investment, and only few will settle to spend bitcoin as a currency. But that's already good enough, at least people will also experience spending bitcoin as a currency at some point.

[Yamifoud]

Bitcoin was not created to replace fiat, so you don't need to expect it to be like the national currency. But Bitcoin is still global in its own right because it has the potential to play a global role in money.

 It is a currency that can be used by everyone at all times, in any country you find yourself in, so I wonder what could be more global than this in Bitcoin. If you are referring to Bitcoin as a global currency like your fiat currency, then just know it won't work. It is playing a better global role than every other currency.

Good point. Bitcoin aimed to be a global currency not to be a legal tender soon, but to become an alternative currency to fiat where it can be used anywhere and anyway you want, and probably at this moment, bitcoin is not that highly utilized. But I believe we are already heading there.

However, I don't think this kind of issue matter to us because all we want is high privacy and anonymity, and if we start using bitcoin as a global currency, then it will lose the essence of our privacy and anonymity.

[tbct_mt2]

Good point. Bitcoin aimed to be a global currency not to be a legal tender soon, but to become an alternative currency to fiat where it can be used anywhere and anyway you want, and probably at this moment, bitcoin is not that highly utilized. But I believe we are already heading there.

However, I don't think this kind of issue matter to us because all we want is high privacy and anonymity, and if we start using bitcoin as a global currency, then it will lose the essence of our privacy and anonymity.

Bitcoin does not need to be a global currency in legal term to be used by people globally. It was written in the White Paper as follows and as a decentralized blockchain without censorship, everyone can use Bitcoin blockchain for transactions borderless globally. Even Bitcoin is not legally accepted as global currency, it can be used this way by everyone.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

[JeffBrad12]

It's not about "can it" anymore. Some countries are already using bitcoin for their international trades and some of them that I know of is El Salvador.
Bitcoin available for payment option in some payment gateway alone is a recognition that it's a currency. For it to be a global currency it just needs legalization as legal tender across majority of countries and we're already good.

[Minor Miner]

It's not about "can it" anymore. Some countries are already using bitcoin for their international trades and some of them that I know of is El Salvador.
Bitcoin available for payment option in some payment gateway alone is a recognition that it's a currency. For it to be a global currency it just needs legalization as legal tender across majority of countries and we're already good.

Bitcoin remains a legal method of payment, but it is no longer a legal tender in El Salvador. They repealed that law in early 2025.

The fact that many countries and businesse accept bitcoin as a payment method is one of the core function of currency. Therefore, it is not entirely wrong to say that Bitcoin has been and continue to function as a currency. However, turning Bitcoin into legal tender at a national level is a completely different matter, and it is not easy at all
To be honest, I do not think we will achieve that. Each country already has its own currency, and they have no reason to need another legal tender not under their control.

[bitbollo]

bitcoin can aleady be used as a global currency. even if you don't pay directly you can always spend without efforts.
I am not surprised that people have not yet realized HOW this is a powerful instrument tha can bring freedom.
If your currency become worthless or can't be used as you want, or worst, has no value out of your country there is a BIG problem.
Bitcoin is already neutral and bordless. Censorship resistant.
People that prospect crazy scenario like "everything would be missed" doesn't realize that they need little less to have much more issues with a FIAT system.