Can Bitcoin Truly Become a Global Currency?

[HONDACD125]

   
Since Bitcoin was created, many believed it could become a universally accepted currency—borderless, fast, and independent from governments. But in reality, can Bitcoin ever be used for everyday purchases? Issues like slow transaction fees, network congestion, volatility, and merchant adoption remain challenges today. While solutions like Lightning Network continue to improve speed and cost, there’s still a long way to go. Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

Bitcoin has already become a global currency, and for it to become a global currency it is not necessary for it to be accepted almost everywhere, but since it is currently being used in so many countries even as a way of making payments, we could say that it's a global currency. Now even the governments are involved, because Bitcoin is slowly becoming a part of their reserves since they have realized its potential, and they don't want to lose on the profits they could make by holding Bitcoin in their reserves. So after this, I don't think we should have any sort of doubts about Bitcoin and its potential.

It's true that Bitcoin has some issues, sometimes the network gets congested and then the fees go very high, sometimes a transaction might take a bit longer than expected because of this, but that's okay, we could bear such things after all that Bitcoin has done for us, because if it wasn't for Bitcoin, this market wouldn't exist today, and we should ask ourselves about how much we have got from this market. This market has changed the lives of so many people, and they should always be grateful for that.

[finaleshot2016]

It's already a global currency, the only thing left here is that majority of the countries should use it to become one of the leading currencies. There's nothing to prove in global aspect, it already preforming well, doing its use case and making it a good asset for investment and ofc, p2p transactions. A good use case too is that it's being used for remittance so you can't pay huge fees from money transfers. Imagine, that some countries are allowing cryptocurrency to become a payment for necessities, imagine how huge is that, it could be a game-changer, less hassle experience since the transaction is fast and small fees nowadays.

[Queen uloma]

Bitcoin has already become the biggest global currency in the world but not all countries use it,  Bitcoin has really help people, especially for the fact that nobody controls it including the government, this has really made people to invest more in Bitcoin, imagine going to the bank to join a queue with all the stress and embarrassment that bankers render on you, you will have no choice than to wait patiently for your turn, but Bitcoin transaction isn't like that, you can stay inside your room,  or anywhere and do your transaction without waiting for anyone approver, automatically Bitcoin is gradually over shadowing banks and any other Asset in the world globally.

[atookz]

It's already a global currency, the only thing left here is that majority of the countries should use it to become one of the leading currencies. There's nothing to prove in global aspect, it already preforming well, doing its use case and making it a good asset for investment and ofc, p2p transactions. A good use case too is that it's being used for remittance so you can't pay huge fees from money transfers. Imagine, that some countries are allowing cryptocurrency to become a payment for necessities, imagine how huge is that, it could be a game-changer, less hassle experience since the transaction is fast and small fees nowadays.

It is now unnecessary that Bitcoin has to prove itself in terms of technology as now it operates worldwide in every respect. Although it is highly volatile hence appealing as a genuine investment, it does not imply that it cannot be utilized as a global currency. Its future struggles are more regulatory, adoption, and social. Bitcoin is only at its early stage, it is still not clear what institutionalization and state policies are going to make of it.

[Minor Miner]

Imagine, that some countries are allowing cryptocurrency to become a payment for necessities, imagine how huge is that, it could be a game-changer, less hassle experience since the transaction is fast and small fees nowadays.

We already have it, and El Salvador is the country that made it a reality five years ago. But according to surveys and the achievements they have made. As we can see, it does not make as much of a difference or change the game as we imagined, because over 90% of the population does not want to use bitcoin to replace fiat.

Furthermore, how many people do you think would be willing to use and spend their Bitcoin if the government allowed it to function as a currency? If we're honest, it is clear that most people view it as an investment and want to profit from it rather than spend it.

[As-Soon-As]

People are using this Bitcoin in various ways, using it to make transactions, using it to keep Bitcoin for a long time to be economically independent. And many people also play a huge role in fast transactions, because in those who make Bitcoin or money transactions from home to abroad, this Bitcoin plays the biggest role and the transaction is completed within a moment. So the person who holds this Bitcoin for the purpose will fulfill that purpose, because Bitcoin is capable of fulfilling all the purposes of people, that is why the demand for Bitcoin is huge and the price of Bitcoin will be much higher in the future.

[Hypnosis00]

Bitcoin is already serving its purpose, as a global currency. However, there are a lot of merchants in some countries that accept bitcoin as a payment, while in some other countries, the number of merchants are limited. But if you will convert it first before using as a currency, it would lessen the trouble of looking for merchants who are willing to accept bitcoin.

However, bitcoin as a global currency is still working in progress, so that we can maximize using bitcoin as a currency. For now, let's enjoy bitcoin as a tool for investment because that's where we are seeing potential profits while bitcoin is still profitable.

[fikrett]

People are using this Bitcoin in various ways, using it to make transactions, using it to keep Bitcoin for a long time to be economically independent. And many people also play a huge role in fast transactions, because in those who make Bitcoin or money transactions from home to abroad, this Bitcoin plays the biggest role and the transaction is completed within a moment. So the person who holds this Bitcoin for the purpose will fulfill that purpose, because Bitcoin is capable of fulfilling all the purposes of people, that is why the demand for Bitcoin is huge and the price of Bitcoin will be much higher in the future.

BTC is the Freedom. Having your way of life and custody over what you truly own if you know how to properly do it.

Never relying on someone besides yourself to get your value stored.. It's truly poetic and beautiful each time I think about it.

[Zigabel]

   
Since Bitcoin was created, many believed it could become a universally accepted currency—borderless, fast, and independent from governments. But in reality, can Bitcoin ever be used for everyday purchases? Issues like slow transaction fees, network congestion, volatility, and merchant adoption remain challenges today. While solutions like Lightning Network continue to improve speed and cost, there’s still a long way to go. Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

One thing you are missing out that I see even above been a universally accepted currency is the decentralisation that comes with it. Bitcoin is actually decentralized and that alone gives every form of strength and might to its owners and users which inturn gives it that universallity because it is a currency of no country in particular, thereby giving no country the power to control it.

So far, Bitcoin to the best of my knowledge has achieved universallity and decentralisation, what it will be aiming at now is that global adoption which is far achieved already even if not to the fullest just yet. With Bitcoin you can invest anywhere you are around the world and not bother much about cross border issues too often.  You also have that flexibility advantage to move around every and anywhere with it and still have its value maintained, the global adaptation may just be the next height it will attain and the issue of been universal will be out.

[henry_of_skalitz]

   
Since Bitcoin was created, many believed it could become a universally accepted currency—borderless, fast, and independent from governments. But in reality, can Bitcoin ever be used for everyday purchases? Issues like slow transaction fees, network congestion, volatility, and merchant adoption remain challenges today. While solutions like Lightning Network continue to improve speed and cost, there’s still a long way to go. Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

One thing you are missing out that I see even above been a universally accepted currency is the decentralisation that comes with it. Bitcoin is actually decentralized and that alone gives every form of strength and might to its owners and users which inturn gives it that universallity because it is a currency of no country in particular, thereby giving no country the power to control it.

So far, Bitcoin to the best of my knowledge has achieved universallity and decentralisation, what it will be aiming at now is that global adoption which is far achieved already even if not to the fullest just yet. With Bitcoin you can invest anywhere you are around the world and not bother much about cross border issues too often.  You also have that flexibility advantage to move around every and anywhere with it and still have its value maintained, the global adaptation may just be the next height it will attain and the issue of been universal will be out.

..If you are not exposed to BTC by centralized services and hodling it there, that is.

Adoption brings much good to the table, but it also brings ways for big countries and service providers to expose their user base to crypto in a way where they are still in control.

Those that won't dig too deep still will be on that hook.

[Boiboi20]

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.

However bitcoin was never meant to replace fiat so expecting it to behave like a national currency is missing the point what make it special is how global it already is anyone can use it anytime from anywhere in the world.
However if we keep comparing bitcoin to fiati it wil alway seem like it is falling short but when you look at what it actually does it is already playing a bigger global role than most currencies by giving people freedom and access without borders.

[jostorres]

Bitcoin is already a global currency because you can access it from any country and Bitcoin is used all over the world. And what about the countries where Bitcoin is still illegal and what is being used in large quantities in those countries. So you can definitely call it a global currency. But one aspect of this is that you still cannot buy any product directly from everywhere with Bitcoin. Because merchants are not yet interested in accepting payments directly in Bitcoin because it is a volatile currency. However, in the future, it will be the case all over the world that Bitcoin can be used to make payments directly everywhere. But this will take a long time.

This is what I do not understand about all of these talks. I mean isn't it clear that we are already seeing bitcoin be a global one? What more do we need? Is it the expectation of some people that we will stop using fiat all together and ONLY use bitcoin and alts? If that is the case then I can easily say that is not going to happen. But, if we are asking the whole world can use it then yeah they can and there are people using it from every part of the world. That is a global currency.

[goldphysicalbitcoin]

I am deeply convinced that Bitcoin will ultimately become the currency people most prefer to hold. As technologies such as AI and robotics continue to advance, society will generate an enormous material foundation. In such a world, fiat monetary systems—characterized by control by a small minority, implicit exploitation of the majority, and reliance on perpetual inflation—are destined to fall into an increasingly disadvantaged position.

[Localhostspeed]

  Since Bitcoin was created, many believed it could become a universally accepted currency—borderless, fast, and independent from governments. But in reality, can Bitcoin ever be used for everyday purchases? Issues like slow transaction fees, network congestion, volatility, and merchant adoption remain challenges today. While solutions like Lightning Network continue to improve speed and cost, there’s still a long way to go. Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

Each country has its regulation and it's tied to a policy for the best interest of that country. The governments doesn't approve currency they can't control, Gold are used for reserve because the government can control it, they have the power to control the demand and the supply but Bitcoin can't be controlled, they don't have the power to regulated it even though politically it can be infleuced and this is why it can't be accepted as a global currency for many countries.

Though, there are some countries that doesn't mind. El Salvador is one country that all Bitcoin as their legal entity. They have Bitcoin reserve that is bought with their own money, not a borrowed money. United State also accept Bitcoin as their Bitcoin reserve but refused to use their money to buy it. They may have their reasons why they did that, just know that we will have more countries but it's not going to be quick, gradually we will see more adoption.

[Fiasem20]

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.

However bitcoin was never meant to replace fiat so expecting it to behave like a national currency is missing the point what make it special is how global it already is anyone can use it anytime from anywhere in the world.
However if we keep comparing bitcoin to fiati it wil alway seem like it is falling short but when you look at what it actually does it is already playing a bigger global role than most currencies by giving people freedom and access without borders.

Exactly bitcoin wasn’t invented by Satoshi to replace the traditional currency,many enthusiasts still believe strongly that bitcoin would be the global currency.No payment is more faster than bringing out a cash for your wallet to make payment,so even if bitcoin eventually becomes the global currency fiat wouldn’t be neglected totally.Even as a bitcoiner,you still need cash to make payments in your environment because not every recipient accepts bitcoin as a payment option.Whereas government are highly manipulative when dealing with fiat and bitcoin wouldn’t create such environment for them because bitcoin cannot be controlled by a centralized entity.

[Hazink]

Since Bitcoin was created, many believed it could become a universally accepted currency—borderless, fast, and independent from governments. But in reality, can Bitcoin ever be used for everyday purchases? Issues like slow transaction fees, network congestion, volatility, and merchant adoption remain challenges today. While solutions like Lightning Network continue to improve speed and cost, there’s still a long way to go. Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

Bitcoin is already being used for everyday transactions by those who know how to make use of it and in places where it's being accepted it doesn't depend on any government to function, as for global currency, if it's for it to be used to replace the USD on the global market. I don't think so, but it's already been used as an alternative, so I don't see any difference between that and how some defined it as a global currency.

[Pale Knight]

Bitcoin's design as a decentralized network makes it inherently global and resistant to government control. The Lightning Network is steadily addressing speed and cost issues, enhancing its usability. Still, merchant adoption remains limited by volatility and technical complexity.

[Achalugo BTC]

Bitcoin has already become the biggest global currency in the world but not all countries use it,  Bitcoin has really help people, especially for the fact that nobody controls it including the government, this has really made people to invest more in Bitcoin, imagine going to the bank to join a queue with all the stress and embarrassment that bankers render on you, you will have no choice than to wait patiently for your turn, but Bitcoin transaction isn't like that, you can stay inside your room,  or anywhere and do your transaction without waiting for anyone approver, automatically Bitcoin is gradually over shadowing banks and any other Asset in the world globally.

The fact that Bitcoin is decentralised in nature is good, which saves people from stress and all that.
Though being a part of Bitcoin community or investing in Bitcoin is not just about convenience but its about the privilege of having the freedom in it, that is being in control of your funds without anyone's permission or interference.
Which is why people who has the knowledge and the understanding of Bitcoin are doing everything within their power to make the necessary adjustments just to fix in and also benefit from Bitcoin.

[Ishicryptic]

Bitcoin was created to be a global currency and that is what it still is today, although it is still banned in some countries but it doesn't mean that it cannot be sent from anywhere that there is internet connection. The problem is that acceptance of Bitcoin is very low compared to it's adoption which is rapidly increasing everyday. There is no doubt that most people that hold Bitcoin is for profit rather using it to spend, this is due to many small businesses that doesn't accept it. In the future when we will have all the governments to be friendly to Bitcoin it will encourage businesses in their regions to accept it which will make it to be a truly global currency in practical terms.

[john_egbert]

Bitcoin's design as a decentralized network makes it inherently global and resistant to government control. The Lightning Network is steadily addressing speed and cost issues, enhancing its usability. Still, merchant adoption remains limited by volatility and technical complexity.

What's so hard about complexity, though?

It's a matter of desire, imo, to implement something like that in your own chain or business.