Can Bitcoin Truly Become a Global Currency?

[TSen]

The fact that everyone is saying it's already a global currency is enough for us to know that we are already there. The price hit over 100k, and it will probably hit over 200k and even 1 million one day, obviously not right away but one day. This is why I think it's great that we are doing what we wish to do and that will be fine. However, most people are missing a chance that we are seeing this be different, because they are selling and getting out, that is really sad. We are global and will stay global.

[nemesis_incarnate]

The fact that everyone is saying it's already a global currency is enough for us to know that we are already there. The price hit over 100k, and it will probably hit over 200k and even 1 million one day, obviously not right away but one day. This is why I think it's great that we are doing what we wish to do and that will be fine. However, most people are missing a chance that we are seeing this be different, because they are selling and getting out, that is really sad. We are global and will stay global.

To say is one thing. To see facts is another.

It's about the FOMO and the FUD mindsents that change one another every cycle

There is a lot to be done still for BTC to become truly global, imo, not only for p2p area, but as a true alternative to fiat.

[pliego]

   
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?

absolutly why not? Bitcoin is used globally and works in the same structure in every country. however people may argue due to the fluctuation in the price daily it may not be used on a daily basis as a global currency. also the way the platform works in the scalability can be questioned as it is only able to produce a limited amount of transactions per second. so more likely to stay as investment opportunity then global currency unless this changes which we never know.

[Antona]

   
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 feel like if Trump wants this he would make this happen, just a random thought reading this subject.

[JayJuanGee]

The fact that everyone is saying it's already a global currency is enough for us to know that we are already there. The price hit over 100k, and it will probably hit over 200k and even 1 million one day, obviously not right away but one day. This is why I think it's great that we are doing what we wish to do and that will be fine. However, most people are missing a chance that we are seeing this be different, because they are selling and getting out, that is really sad. We are global and will stay global.

To say is one thing. To see facts is another.
It's about the FOMO and the FUD mindsents that change one another every cycle

There is a lot to be done still for BTC to become truly global, imo, not only for p2p area, but as a true alternative to fiat.

Yes. 

It is better to have actual examples of usage of bitcoin all over the world and even changing in and out of bitcoin all over the world and even various kinds of transactions for goods and/or services paid in bitcoin.

And sure there may be some locations that it is easier to transfer in and out of bitcoin and other places that have various obstacles, and most likely many of the obstacles are government imposed rather than limitations in the technology.. and surely obstacles interfere with adoption, yet I doubt that governments necessarily need to be involved or even to accept that usage of bitcoin if some individuals choose to transact privately - to the extent that their privacy can be maintained while many governments are employing more and more ways to monitor and control normal people.

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 feel like if Trump wants this he would make this happen, just a random thought reading this subject.

Are you delusional? You think that Trump is on the side of financial freedom and/or self-sovereignty?
 
He's on the side of appearing to be on the side that works to get him what he wants, and he does not really want bitcoin to be something that is freely held and used by the people.

Trump probably does not even really know what bitcoin is.  He even says that he doesn't know, but he relies on what others say about it, but that does not mean that Trump wants the people to freely be able to use bitcoin.

[CryptoDracoo]

   
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 believe that Bitcoin has already established that it is not merely an experiment yet that it can be a genuine currency that everyone uses across the planet remains questionable nevertheless. The concept is appealing due to its borderlessness and non governmental control but the fact is that it causes fluctuations in prices that by itself makes people afraid to use it on a day to day basis. A majority of the population is not eager to purchase coffee with something that may skyrocket or plummet in the value in hours.Personally Bitcoin is still acting more as digital gold than digital cash. Individuals appear better placed to keep it as a long term store of value instead of spending it. Therewith technology is on the rise and the utilisation of faster layers of payment might eventually alter the usage.

[nemesis_incarnate]

Are you delusional? You think that Trump is on the side of financial freedom and/or self-sovereignty?
 
He's on the side of appearing to be on the side that works to get him what he wants, and he does not really want bitcoin to be something that is freely held and used by the people.

Trump probably does not even really know what bitcoin is.  He even says that he doesn't know, but he relies on what others say about it, but that does not mean that Trump wants the people to freely be able to use bitcoin.

He wants to appear in such a way in the minds of the peeps, but in reality - he is businessman, and a politician, just like the rest of them, he wants profit the most, then - control and influence and so on..

[IronRubleS]

The fact that everyone is saying it's already a global currency is enough for us to know that we are already there. The price hit over 100k, and it will probably hit over 200k and even 1 million one day, obviously not right away but one day. This is why I think it's great that we are doing what we wish to do and that will be fine. However, most people are missing a chance that we are seeing this be different, because they are selling and getting out, that is really sad. We are global and will stay global.

Regarding individuals who sell, I cannot say that they never lack an opportunity. Each person will have varied risk and financial requirements. Profit taking is not necessarily wrong, at times it is the clever money handling. With that said, Bitcoin has obviously become more than it was projected to be, and its presence in the world is difficult to neglect. Even when it does not end up being that huge in terms of prices, adoption and actual world utility are what counts. Belief is valuable, but it is best to remain realistic and not to get carried away in the volatility and make emotional decisions as an investor.

[melinoe]

The fact that everyone is saying it's already a global currency is enough for us to know that we are already there. The price hit over 100k, and it will probably hit over 200k and even 1 million one day, obviously not right away but one day. This is why I think it's great that we are doing what we wish to do and that will be fine. However, most people are missing a chance that we are seeing this be different, because they are selling and getting out, that is really sad. We are global and will stay global.

Regarding individuals who sell, I cannot say that they never lack an opportunity. Each person will have varied risk and financial requirements. Profit taking is not necessarily wrong, at times it is the clever money handling. With that said, Bitcoin has obviously become more than it was projected to be, and its presence in the world is difficult to neglect. Even when it does not end up being that huge in terms of prices, adoption and actual world utility are what counts. Belief is valuable, but it is best to remain realistic and not to get carried away in the volatility and make emotional decisions as an investor.

If your target is reached - you take it and close the position, it's simple as that.

[Xxmodded]

   
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?

Honestly, Bitcoin going full-on global currency? Kinda doubtful. Yeah, it’s borderless and all, but fees, slow transactions, crazy price swings ... Ain’t exactly lunch money friendly. Probably gonna stick as digital gold more than cash in your pocket.

[drangos]

The fact that everyone is saying it's already a global currency is enough for us to know that we are already there. The price hit over 100k, and it will probably hit over 200k and even 1 million one day, obviously not right away but one day. This is why I think it's great that we are doing what we wish to do and that will be fine. However, most people are missing a chance that we are seeing this be different, because they are selling and getting out, that is really sad. We are global and will stay global.

Regarding individuals who sell, I cannot say that they never lack an opportunity. Each person will have varied risk and financial requirements. Profit taking is not necessarily wrong, at times it is the clever money handling. With that said, Bitcoin has obviously become more than it was projected to be, and its presence in the world is difficult to neglect. Even when it does not end up being that huge in terms of prices, adoption and actual world utility are what counts. Belief is valuable, but it is best to remain realistic and not to get carried away in the volatility and make emotional decisions as an investor.

I can say that the development of Bitcoin is impressive, and it may be too early to declare it a full global currency, solely by its price. Market highs are not as important as adoption, usability and payment infrastructure. Selling is not always a missed opportunity neither - people do not deal with risk in the same way. Profit taking can be smart. As long as the real-life usage continues to grow, then one can realistically see the bitcoin consolidate as a global currency in the future gradually.

[MarjorieZimmermanGinger]

 
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?

For now Bitcoin has lived up to its creator's expectations and I see many advantages that most people can benefit from, both as a store of value and as an investment asset. Becoming a fully global currency may be difficult due to regulatory constraints, but indirectly we see Bitcoin already fulfilling its expectations as a global currency, allowing many people to conduct borderless transactions. However, for everyday use it may be somewhat difficult, especially where I live because most people are still unfamiliar with using Bitcoin for transactions and we are only permitted to use Bitcoin as an investment asset based on government regulations.

[ultrloa]

 
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?

For now Bitcoin has lived up to its creator's expectations and I see many advantages that most people can benefit from, both as a store of value and as an investment asset. Becoming a fully global currency may be difficult due to regulatory constraints, but indirectly we see Bitcoin already fulfilling its expectations as a global currency, allowing many people to conduct borderless transactions. However, for everyday use it may be somewhat difficult, especially where I live because most people are still unfamiliar with using Bitcoin for transactions and we are only permitted to use Bitcoin as an investment asset based on government regulations.

Bitcoin already proves that it can work both ways without getting any restrictions by government. Even if the current situation on government side make it became so complicated to use this as regular currency, but Bitcoin continue to prove despite of those regulation that this is a trusted global asset used by many people.

The great challenge is many people in world still don't know how to use it, since lots of no coiner just think that Bitcoin is only used for investments.

But in future if digital infrastructure improves and governments became Bitcoin friendly, maybe wide global adoption like making Bitcoin a regular currency to use for transaction will happen just like what El Salvador did for making Bitcoin as their legal tender.

[MarjorieZimmermanGinger]

The great challenge is many people in world still don't know how to use it, since lots of no coiner just think that Bitcoin is only used for investments.

But in future if digital infrastructure improves and governments became Bitcoin friendly, maybe wide global adoption like making Bitcoin a regular currency to use for transaction will happen just like what El Salvador did for making Bitcoin as their legal tender.

This is true because despite government restrictions, Bitcoin essentially fulfills the role of a regular currency as many people conduct cross-border transactions. Many people are still not involved in Bitcoin, so it's understandable that many people still don't know how to use it, or even those of us who understand Bitcoin still think of it as an investment. If governments become more open, Bitcoin could become an alternative transaction method in the future due to its speed and ease of transactions, encouraging more people to use alternative methods in future life.

[fuguebtc]

   
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?

Honestly, Bitcoin going full-on global currency? Kinda doubtful. Yeah, it’s borderless and all, but fees, slow transactions, crazy price swings ... Ain’t exactly lunch money friendly. Probably gonna stick as digital gold more than cash in your pocket.

Have you ever conducted cross border transactions using banks or traditional methods?

AFAIK, system like SWIFT or Wire typically take 3-5 days to complete a transaction. Or your transaction might even be delayed longer if it falls on a weekend or holiday. Regarding transaction fees, the average fee is approximately 2-5% per transaction. Meanwhile, with Bitcoin, it only takes 10 to 60 minutes to complete a transaction and fees are typically only a few dollar, even for transactions worth millions or billions of dollars.


Its not because I'm a bitcoin investor and biased towards it, but bitcoin clearly outperforms fiat in cross border transactions. Therefore, if fiat is recognized as global currency, why can not bitcoin be, when it is superior?

Bitcoin has already become a global currency and a global asset.

[JimaGod]

To say is one thing. To see facts is another.

It's about the FOMO and the FUD mindsents that change one another every cycle

There is a lot to be done still for BTC to become truly global, imo, not only for p2p area, but as a true alternative to fiat.

Bitcoin can truly become one of the global currency in the universe but this particular project faces more challenges because there are more powerful people fighting against it. These people are the governed bodies of their country and with bitcoin been the global currency,  alot of things wouldn't be put in place. How will you feel if Bitcoin surpasses the fiat currency of your country? For the common man or trader, they will become more excited because the value of their currency is weak and Bitcoin is complete dominance over them.

Fear of Missing Out is another feature that have kept people stranded, absolutely nobody would be more enhanced and challenging than the faces of people that don't want bitcoin to become a legal tender. I do think as the year passes by, bitcoin will become one of the most volatile project in the world.

[Chickal]

I am trying to understand whether Bitcoin’s Lightning Network is suitable in practice for economies that require extreme scalability and very low latency, such as machine to machine payments and IoT.  With Lightning implementations used in the real world, can Lightning reliably support very high throughput for potentially billions of devices making frequent micropayments? Or do practical constraints such as routing reliability, confirmation behaviour etc. make it unsuitable at that scale?

If Lightning is not yet a good fit for this, what concrete technical and operational improvements would be required to reach M2M scale, is Lightning even the right second layer for that goal, or would a different approach be more appropriate? Which L2 would you say fits this narrative best for bitcoin at scale at this point in time, what are the core issues of why e.g. LN is not rolled out yet? Because in theory it sounds like the perfect solution for scale-economies...