Can Bitcoin ever become its own unit of value?

[CryptopreneurBrainboss]

I would like to note here that this topic is not for comparing "bitcoin vs fiat currency", here, the main goal is to discussing bitcoin as a unit of account in the future.

There's every possibility of that happening but it'll take a lot of work and global adoption for we to achieve this and we can't say no when we haven't even tried. Remember that at a time we had Gold being used as a measurement for its own value before fiat currency came into the picture and now each of them are being used as a measurement for their own value therefore Bitcoin can also do the same but it'll take some balls to achieve this for Bitcoin. It takes a community to adopt a currency then the government to accept it, if we can begin to see Bitcoin as its own unit of value without relying on it being valued in fiats then we can achieve the goal. But for this to happen we need people who are into the things that keeps life moving (business men and women) to be willing to buy into this idea as Bitcoin adopters they already are but that's where we're going to have some issues.

[BlackHatCoiner]

For Bitcoin to become a true unit of account, we'd need a massive circular economy where people earn and spend entirely in sats. As long as businesses still have to pay their taxes and suppliers in fiat, they'll always price goods in USD and just convert at checkout.

That's just the unfortunate reality.

[Italian Panic]

For Bitcoin to become a true unit of account, we'd need a massive circular economy where people earn and spend entirely in sats. As long as businesses still have to pay their taxes and suppliers in fiat, they'll always price goods in USD and just convert at checkout.

That's just the unfortunate reality.

Of course, this is one of the key points, and it will certainly also find its way into the treasuries of major countries such as the United States, China and other leading economies. When these entities start to accumulate Bitcoin and people start to spend it, it will become a unit of value ad unit of account, and we, as mere nodes, will be the custodians of its immense value: decentralisation.

[Hamza2424]

I would like to note here that this topic is not for comparing "bitcoin vs fiat currency", here, the main goal is to discussing bitcoin as a unit of account in the future.

BTC can already be used as a unit of account bro, people don't even have to remove fiat from the equation, they just have to use it at a fixed price like back in the 1900s.

The dollar was backed by gold, and the value of gold was fixed, but it also pumped with time.

BTC has to replace taxes, debts, and salaries in order to start the change, but this is not enough to make a complete change. We have to use it for domestic buying and selling as well. But bro, you should know it has a scalability issue, we won't be able to pay the transaction fees on the mainnet.