Can Bitcoin Truly Become a Global Currency?

[impulse709]

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.

I concur that Bitcoin stands a more chance of becoming a global payment alongside fiat and not entirely take its place over. With the infiltration of Bitcoin as a reserve asset and the increasing number of countries, institutions, and people to hold Bitcoin, its volatility must steadily decrease. Having less volatility, individuals can be more comfortable with using Bitcoin as a means of exchange rather than taking it as an investment. Nonetheless, this will not occur instantly since most users consider Bitcoin primarily as a store of value since it generates profits. Bitcoin needs to be accepted by more merchants, have better payment infrastructure, and more straightforward regulations to be a successful global currency. Bitcoin has the potential to allow international payments to exist alongside both conventional fiat currencies in the long run.

[AprilioMP]

   
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 a peer-to-peer electronic cash system. This means that Bitcoin has been a non-physical payment method since its creation and introduction to the public.
In most cases, Bitcoin is still limited as a currency due to differing regulations in each country around the world. Bitcoin is an alternative currency, and I say this because not all countries have globally recognized Bitcoin as a legal payment method, unlike El Salvador.

In practice, Bitcoin users enjoy freedom in its use. We can use it as an investment asset due to its proven hedging value. For users residing in countries that do not prohibit the use of Bitcoin as a payment method, they can choose to use Bitcoin as a payment method or not, as it is entirely up to their preference.

Transaction fees are low, but network congestion is a rare issue. Network congestion occurs more frequently in fiat financial systems.

[ancafe]

   
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?

Although Bitcoin isn't universally accepted as a currency, it's seen as an alternative and many countries are accepting it as an investment asset. Becoming a fully global currency is difficult because it may be limited by existing regulations and there may be a lot of resistance, as each country has its own regulations governing currency issues. I prefer to view Bitcoin as an investment and store of value because this aligns with the concept we desire, especially regarding financial freedom.

Basically Bitcoin has become a global currency indirectly because it is a cross-border asset, allowing anyone to use it. Referring to payment systems, people from different countries sending Bitcoin to other countries should be considered a global currency. While this may not be the same as sending fiat currency, the functionality should be the same.

[Oshio-man]

   
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 a global currency yeah but I don't see it doing the same work as Fiat currency because it wasn't made to replace because I see that's where you are heading to, unlike Fiat currency Bitcoin will be a bit complicated for some people to use it as an everyday purchase use and I prefer to convert my Bitcoin to fiat currency before using it to purchase anything for myself because I see Bitcoin more as an investment and Bitcoin will never be seen as a regular currency that can be used by everyone in exchange for goods and services because there will always be local traders that can't accept Bitcoin as payment.

All the countries of the world will not going to accept bitcoin as the only currency in the world because it will cause some of their leaders not to have access to some opportunities they used to embrace from central banks, but government will not stop people not to have access to bitcoin but they will not make it legal in the country because they know it will affect their currency in the future, as long bitcoin is be done online, it will be difficult for villagers to know how to access bitcoin because there are some villages no network to enter Internet to buy bitcoin or sell bitcoin, which is the reason I said it will be difficult for villagers to use bitcoin because majority of them are not educated to know how to store bitcoin in their wallets.

[free-bit.co.in]

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.

The harsh truth is that most of us enter the marketplace for profit, not many people seek privacy or peer to peer payment method. So, I doubt that people will still use and stick with bitcoin even if it becomes stable and no longer profitable. I guess most people will abandon it and look for an alternative.

In my opinion, the main barrier preventing Bitcoin from becoming a global currency is government. They will not like and will not allow a currency that they did not create and control. Its volatility is not the biggest obstacle

[Popkon6]

   
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 widely known as a digital currency worldwide, it is not a global paper currency. Bitcoin is currently very popular and if you want to make daily purchases then you must accept Bitcoin as legal tender and tender. For example, in El Salvador, Bitcoin has been accepted as legal tender and they can buy daily purchases, goods and any necessary things through Bitcoin. The merchants of the country of El Salvador accept Bitcoin, so as a real proof we find the country of Salvador who sell all kinds of goods with Bitcoin.

[suhadi88]

Bitcoin is widely known as a digital currency worldwide, it is not a global paper currency. Bitcoin is currently very popular and if you want to make daily purchases then you must accept Bitcoin as legal tender and tender. For example, in El Salvador, Bitcoin has been accepted as legal tender and they can buy daily purchases, goods and any necessary things through Bitcoin. The merchants of the country of El Salvador accept Bitcoin, so as a real proof we find the country of Salvador who sell all kinds of goods with Bitcoin.

Yes. El Salvador is a good example because they made it legal tender, so yes, you and anyone there can pay for everyday items with BTC there, but that doesn't mean every store in the world has to accept it, as regulations still exist.

My understanding is that Bitcoin's legal tender status is a state's absolute right and a decision, while adoption is a choice for the public and merchants. Bitcoin works where there's demand and trust, not because it's imposed like fiat currencies. That's the key difference that people often overlook.

[Hazink]

Did you try to do it yourself before coming to such conclusions?

He will probably be treating bitcoin as an investment rather than a store of value or using it to solve real life problems...

One thing I always tell people are that, unless Bitcoin is illegal in a place, you can always use it for whatever purpose you want to sue it for, you don't need government approval or for it to be announced that it's now a legal tender before you can consider it to be publicly accepted.

[Mission1379]

Yes Bitcoin can become a Global currency exchange because of its seamless transaction process that allows sending of money from one country to another without stress.

Another angle may also imply taking Nigeria as a case study, the issue of the new tax law that was just introduced this year 2026 had already triggered fears in the minds of so many people who are considering moving their funds out of financial institutions such as Banks.

It won't be a thing of surprise if we start witnessing that most Nigerians may consider Bitcoin exchange in few years from now once the heat on the tax law has started taking effect. This is not only applicable to Nigeria alone as different countries even developed countries who placed heavy taxes on it's citizens will definitely take Bitcoin as it's safe option.

Notwithstanding the added advantage of choosing Bitcoin due to it's investment opportunity on the average rise and decrease in the value of the coin through holding, futures trading and more.

[DeeppRockk]

Did you try to do it yourself before coming to such conclusions?

He will probably be treating bitcoin as an investment rather than a store of value or using it to solve real life problems...

One thing I always tell people are that, unless Bitcoin is illegal in a place, you can always use it for whatever purpose you want to sue it for, you don't need government approval or for it to be announced that it's now a legal tender before you can consider it to be publicly accepted.

Bitcoin can work without anyone's permission, sure. But for everyday stuff? It's still got some real headaches. Small purchases feel clunky when you're waiting forever for a coffee. And those fees? They sneak up and make it not worth it sometimes. Then there's the whole price swing thing. Merchants don't love watching their income vanish overnight just because the market dipped.

Adoption is creeping up, no doubt. But let's be real, it's nowhere near Visa or cash yet. People just aren't using it everywhere. Solutions like the Lightning Network exist, and they *could* smooth things out. But can they actually handle the kind of volume normal payment systems deal with daily? That's the big question. The permission part matters less than just making it work smoothly for regular people.

[Rgram]

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.

In my opinion, the main barrier preventing Bitcoin from becoming a global currency is government. They will not like and will not allow a currency that they did not create and control. Its volatility is not the biggest obstacle

The fiat currency isn’t just a means for exchange of values but, it’s a tool for control and also a national identity to a country.

The government wouldn’t want to go all out in its acceptance to avoid making its currency secondary as, this could easily be the case. That’s why, they try to come up with strong regulations to keep Bitcoin on the side.
Trump advocated for Bitcoin but still, refuses to buy Bitcoin with the dollar and instead, builds a reserve from seized Bitcoins.

That’s the idea to suppress it but, it’s also means Bitcoin is attaining its mainstream of a world wide acceptance.

[passwordnow]

In my opinion, the main barrier preventing Bitcoin from becoming a global currency is government. They will not like and will not allow a currency that they did not create and control.

From the very beginning, it is them. But even them being a barrier, each country has their own respective to adopt it depending on how useful it is to them.

Its volatility is not the biggest obstacle

I think before, it was a big barrier for most people. But upon realizing that this is how they're going to make money through holding it, then they have simply embraced it and no longer scared of how volatile Bitcoin is. It's a feature that we all like and we've been used to it even if it does from time to time.

[Taskford]

   
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 widely known as a digital currency worldwide, it is not a global paper currency. Bitcoin is currently very popular and if you want to make daily purchases then you must accept Bitcoin as legal tender and tender. For example, in El Salvador, Bitcoin has been accepted as legal tender and they can buy daily purchases, goods and any necessary things through Bitcoin. The merchants of the country of El Salvador accept Bitcoin, so as a real proof we find the country of Salvador who sell all kinds of goods with Bitcoin.

In many countries lots of merchant accept BTC even if their government didn't make this as their legal tender. Also they don't need to do same as what El Salvador did before they could ever think accepting bitcoin as one of their payment method.

Since simple adoption and add it up can simply make everything works. Also I think that becoming a global currency thing is already happening even since before since we could see that Bitcoin is already been used for any transactions done by people globally.

[henry_of_skalitz]

In my opinion, the main barrier preventing Bitcoin from becoming a global currency is government. They will not like and will not allow a currency that they did not create and control.

From the very beginning, it is them. But even them being a barrier, each country has their own respective to adopt it depending on how useful it is to them.

Its volatility is not the biggest obstacle

I think before, it was a big barrier for most people. But upon realizing that this is how they're going to make money through holding it, then they have simply embraced it and no longer scared of how volatile Bitcoin is. It's a feature that we all like and we've been used to it even if it does from time to time.

Each country has its own road to walk through, I totally agree with that.

It's like a journey of each hodler, but on a much bigger level..

[Hamza2424]

In practice, Bitcoin users enjoy freedom in its use. We can use it as an investment asset due to its proven hedging value. For users residing in countries that do not prohibit the use of Bitcoin as a payment method, they can choose to use Bitcoin as a payment method or not, as it is entirely up to their preference.

Transaction fees are low, but network congestion is a rare issue. Network congestion occurs more frequently in fiat financial systems.

Network congestion is not a big issue because we have L2 networks for this and many uses them although setting them up might be a pain in the ass for many but it really don't hurt that much haha anyway I never found network congestion a huge problem but as a matter of fact to make bitcoin a global currency the wall street should be adopting it but I wonder sometimes if the network congestion on the main network is not problem at all like the fee won't go up the network won't be congested if overloaded with tx and the tx won't be delayed then maybe the wall street won't be making their own blockchain but using btc blockchain but then I say what am I thinking they would still go for their own blockchain.

Anyway, I mentioned wall street because sometimes things like huge adoption starts from here and the way bitcoin is going up not in terms of price but in terms of popularity is even more than before and every single person of this forum played a vital role too because if I motivated 100 people to learn about crypto either on this forum or outside this forum I contributed and I think I motivated more than 100 anyway who is counting haha.

[FortuneFollower]

In practice, Bitcoin users enjoy freedom in its use. We can use it as an investment asset due to its proven hedging value. For users residing in countries that do not prohibit the use of Bitcoin as a payment method, they can choose to use Bitcoin as a payment method or not, as it is entirely up to their preference.

Transaction fees are low, but network congestion is a rare issue. Network congestion occurs more frequently in fiat financial systems.

Network congestion is not a big issue because we have L2 networks for this and many uses them although setting them up might be a pain in the ass for many but it really don't hurt that much haha anyway I never found network congestion a huge problem but as a matter of fact to make bitcoin a global currency the wall street should be adopting it but I wonder sometimes if the network congestion on the main network is not problem at all like the fee won't go up the network won't be congested if overloaded with tx and the tx won't be delayed then maybe the wall street won't be making their own blockchain but using btc blockchain but then I say what am I thinking they would still go for their own blockchain.

Anyway, I mentioned wall street because sometimes things like huge adoption starts from here and the way bitcoin is going up not in terms of price but in terms of popularity is even more than before and every single person of this forum played a vital role too because if I motivated 100 people to learn about crypto either on this forum or outside this forum I contributed and I think I motivated more than 100 anyway who is counting haha.

Yeah, they want as much control as they can grab.

Even if they use the people's chain first, they will always think about switching gears to something where they would be at the helm..

[UpTober]

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.ন

I agree with your opinion, when creating Bitcoin, the developer did not have the intention that governments of different countries would cancel fiat currencies as legal tender because of Bitcoin. Rather, Bitcoin was created with the intention that no government or bank of any country would control Bitcoin, that is, it could be used independently.

Bitcoin does not have legal approval in many countries, but people in all those countries are using Bitcoin because it was created this way.
Now the discussion is whether Bitcoin will be a global currency, a global currency that will be used in all countries and that will be internationally recognized, I think it is not possible because the United States is dominating with the US dollar alone, so they certainly do not want to lose this dominance. However, now Bitcoin is an alternative system and Bitcoin will work well as this alternative system.

[moneystery]

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

If what you mean as a global currency is accepted by all countries in the world, most likely it will not happen, since the countries of the world are not willing that the role of their currencies can be replaced by other currencies which can interfere with the use of their currencies in people.
But that doesn't mean that you can't use Bitcoin globally, you can use it to pay and receive payments anywhere regardless of what country it is. About fees it should not be a problem because now the fees are lower and network congestion is much more manageable than before.

[ZAINmalik75]

Bitcoin is widely known as a digital currency worldwide, it is not a global paper currency. Bitcoin is currently very popular and if you want to make daily purchases then you must accept Bitcoin as legal tender and tender. For example, in El Salvador, Bitcoin has been accepted as legal tender and they can buy daily purchases, goods and any necessary things through Bitcoin. The merchants of the country of El Salvador accept Bitcoin, so as a real proof we find the country of Salvador who sell all kinds of goods with Bitcoin.

It's actually not necessary for Bitcoin to become a legal tender in a country for merchants to actually start accepting it, as soon as the government regulates cryptocurrencies and makes them legal, merchants can start accepting cryptocurrencies for their businesses and then pay their taxes since they are regulated. People often think that Bitcoin could only be accepted as a payment if it becomes a legal tender, but a simple Google search would tell you that when a coin or something becomes a legal tender, it means that it is legally acceptable as a settlement of debts.

The reason why Bitcoin is not globally accepted as a payment method as of now is that most countries have not yet legalized it. For example in our country, we currently don't have any laws governing cryptocurrencies and the crypto market, we use them though but there is still no clear law about it, which means that merchants can't accept Bitcoin payments for now even if they want to, because government or the banking channel they use for their finances won't allow them to do that. We often face problems in our bank accounts due to transactions that are marked as related to cryptocurrecies.

[Cleanslate_]

   
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 will really take time for this to happen because bitcoin was created mainly to control inflation and give financial freedom to the globe, it has not come to replace any currency of any country mainly that of the U.S.A dollar because its the world's dominant currency instead an alternative tool for specific transactions in the world, remember that bitcoin has volatility which evolves as a significant digital asset and a store of value that can't be controlled by any one or having a third party involved.

But to some extent Bitcoin is really dominating and portraying and achieving it's purpose of creation.