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.

[DeeppRockk]

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.

You make a good point about Bitcoin's borderless nature-it's a real strength. However, everyday use still faces hurdles like transaction speed and volatility that make it tricky for daily spending. The Lightning Network is helping with fees and speed, but it's not perfect yet.

Also, while it's a powerful store of value, being a true global currency requires more merchant adoption and stability. Still, even if it doesn't replace local currencies tomorrow, its role as digital gold is undeniable.

What do you think about the balance between utility and store of value?

[bitbollo]

I would say that for daily TX layer 2 are defintely working good.
I am not expeting a full change that from 0 you can spend only Bitcoin or there are no competitors (like other Digital currencies or payment based on FIAT but cashless).
Thats why exchange a small amount for daily living or accepting payment on the currency could be already enough.

At a certain point you had to think to your life. Sure this Is a valuable item, but also your Person.
If you work, or in general you are able to saving i would not see nothing to balance.
Or at least Bitcoin Is a tool. You have not to use for the increment (theory in the future) you had to use now for your daily Life (this means also change in fiat/spend if needed)

[Fivestar4everMVP]

   
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?

I am tempted to settle with the latter, that is bitcoin continuing to remaining as a investment asset and store of value, as a matter of fact, this is what the government currently perceive and treat bitcoin as, this is why different countries and their governments, and even some top institutions with good capital are all setting up a strategic bitcoin reserves - which I believe to be the company's or government's way of saying "Savings" for the future.

I know that the reason why bitcoin was created was for it to become a global currency that can be used to the payment for goods and services around the world, this is already happening with the number of those who have choosen to start accepting bitcoin payment for their goods and services, but acceptance at a global scale is what will take a very long time or may never be reality due to Bitcoin's limitations, but the good news is that Bitcoin will still do extremely fine even as an investment asset and store of value alone.

[wozzek23]

What we are dealing with at this point is not investment or trading, that is global already, people all around the world buy, sell and even hold bitcoin.

What we need however is adoption, in the sense that we should be putting bitcoin more into our daily lives, be able to live with it. That is not common yet, unfortunately only a few nations tried that so far, and they were small nations that mostly failed. We need to grow using bitcoin daily to a whole new level instead of just trade or invest.

[Mpamaegbu]

Do you think Bitcoin will ever function as a global currency...

It's already functioning in that capacity. How do you think it's possible for those in campaigns here from different countries are able to get paid in one particular coin (Bitcoin) and they all receive it without issues? Of course, it's a global phenomenal. Perhaps you meant to ask if it would be an adopted currency for everyone, right? In that case, it's a no. I don't see the likelihood of it happening.

or will it stay more as an investment and store of value?

Man likes to put money on whatever that has a potential of bringing in high ROI (return on investment). Bitcoin has that ability and that's why it's more of a speculative instrument than a means of payment. So, on that I will say, yes.

[Obim34]

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?

My stance on the topic, is that Bitcoin can and is already in use to carry out cross boarder transactions, payment for large goods across countries, but not all countries, institutions will be open to such adoption.

There will be growing number of adoptions globally, even for countries that has limitations on cryptocurrencies, in a while from now, there will be amendment on the restrictions. For now, my interest in Bitcoin lies between investment goal, my adoption was based on my return of profits.

[fredericktaylor]

Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

I think in the future, most countries might accept Bitcoin as an alternative payment for international trade, and all of that would be done legally. Currently, most people just hold Bitcoin, trading it as a store of value. Because of Bitcoin's value, its appeal right now is as an asset, but I am confident that in the future, there will certainly be great hope that Bitcoin will be used as a payment method accepted globally.

The truth i it might come to a point where people will accept it as their currency, and some countries have been accepting it as a legal tender, and it is not a bad thing at all, and it is a matter of choice, it is not compulsory at all, because when you look at some countries, the people that accept bitcoin as their legal tender do so as a matter of choice, because even if it was pronounced by the government, the citizen can decide not to accept it so it's individual acceptance.

Since most people accept bitcoin as an asset rather than as a currency, this is one of the major reasons why they might not feel that they should hold or trade rather than spend it, and this is because they will be looking at the value of bitcoin. So it is better for them to just hold, and for does that want to spend, they can go.  And for those that want to do anything, even if they want to experiment, it is their choice to make.

Of course, common people do not see Bitcoin as a currency, they see it as an asset. Common people are holding Bitcoin today because holding Bitcoin in the long term can protect them from inflation and can expect big profits in the future. By using Bitcoin various benefits can be obtained which are not available in all other assets. Bitcoin has brought economic freedom. A user can keep all the money under his own control and can exchange Bitcoin as he wishes, so he does not have to depend on anyone else. The number of countries accepting Bitcoin is gradually increasing. Bitcoin has created a new investment space for common people and has given complete freedom.

[ZAINmalik75]

You make a good point about Bitcoin's borderless nature-it's a real strength. However, everyday use still faces hurdles like transaction speed and volatility that make it tricky for daily spending. The Lightning Network is helping with fees and speed, but it's not perfect yet.

Also, while it's a powerful store of value, being a true global currency requires more merchant adoption and stability. Still, even if it doesn't replace local currencies tomorrow, its role as digital gold is undeniable.

What do you think about the balance between utility and store of value?

But why are you using AI for writing posts, bro? It's not that difficult, even if English is not your first language, you should at least be able to churn something out if you are educated enough to be using the internet and an electronic device.

Coming back to the topic, whether Bitcoin is used as a store of value or as a utility currency for daily use, that doesn't change the fact that Bitcoin is a global currency, because you can use it anywhere, but as a utility, you can only use it if it's accepted somewhere, of course, and soon enough, I'm pretty sure, Bitcoin will be accepted almost everywhere in the world.
It's just a matter of time before all the countries will legally allow the usage of Bitcoin, and then businesses will start accepting it as a payment.

[leonair]

   
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?

Does anyone use PayPal, Payoneer and bank cards for every purchase? However, these have been used worldwide for a long time and many businesses accept them in their businesses. People use different methods at different times according to their convenience. Bitcoin is a currency that can be used all over the world without any kind of regulatory control. However, since it is a volatile currency, traders do not think much about using this payment method for business, so Bitcoin is not being used for daily purchases yet, but people are using it as a regular investment.

[Btcdeybodi]

Do you think Bitcoin will ever function as a global currency, or will it stay more as an investment and store of value?

A time will come when the volatility will become less because people will start using it more as a medium of exchange instead of an investment because since investors will not make much profits from it again, they will now prefer using it more for payments and peer-to-peer transactions but that will happen when many countries in the world would have adopted bitcoin as a reserved asset and as a legal tender. For sure bitcoin will become a global currency but it won't replace the existence of the fiat currency.

[casey15]

Bitcoin has the potential to become a global currency but not soon, I don't think a y of us may still be alive to experience it becaus fiat isn't going to be replaced at all. Fiat will always remain because of government. The government will only do what will be beneficial to them and will not want Bitcoin to grow so much because people will now have control over their money and the government won't be able to control such.
And the fact that Bitcoin has limited supply, you can imagine only one person or organization having up to 1000 Bitcoin, if it remains like that, how do you expect the 8billion people in the world to have Bitcoin.. and this number of population will surely increase in the future, there will basically not be enough Bitcoin to go round.
But it can become universal for trades and some foreign affair just like the way USD is like a baseline for almost all international purchases.

[Onyeeze]

   
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?

it is already a global currency because it can be send across the nations without a delay while using a Fiat currency it can delay for a longer time before confirmation or before it go to the destination, the only problem is that it is yet not illegal tender so if it become a legal tender it will be easy to be spend to a local shopping but right now it is very difficult to spend Bitcoin in local shopping so that can only take place if it become a legal tender, but now it has not to become a legal tender but it is a global currency because each speed of confirmation higher than any other currency if it is being sent across another country

[Antotena]

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.

It's acting but what about the numbers? We want Bitcoin to lead, we want Bitcoin everywhere but with the hate and enemies of the states, Bitcoin can't be a global currency for now. Recently the US wanted to regulate crypto currency and we saw how the bill was not in favor of the people, they want to make Bitcoin as bedrock so their main traditional finance can be at the top and as long as this people have this view and believe in crypto, we are getting no where for now.

There are many countries that hate Bitcoin and it's don't think there is anything we can do to change it. US is another country, they may show they like Bitcoin but the truth they don't want any other asset to take away US dollar as been a global recognize currency. For that believe, they can even go ahead to fine countries that doesn't comply with them, they are very aggressive with tariff increase for anyone that doesn't do what they want or say.

[Finestream]

Bitcoin has already performed as a global currency, and that a lot of people have already taken advantage of it and use it across all borders. However, being a global currency does not totally mean bitcoin as a legal tender, instead it becomes global because bitcoin has already been benefited from one country to another.

Bitcoin's popularity has made it easily turn global. Although not as a legal tender, but as an alternative to fiat, since fiat will always have its position no matter what.