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Author Topic: Do you think Bitcoin will lead the world's currency market?  (Read 23318 times)

Offline Cryptoz

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #15 on: June 29, 2020, 11:36:31 PM »
I am also confident that Bitcoin can lead the currency market. But if we look at the current condition, people are still afraid about the regulation. Many countries in the world still don't support the existence of Bitcoin. Once many countries already stated their supports, then I think what OP predicted will come true.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #15 on: June 29, 2020, 11:36:31 PM »

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #16 on: June 29, 2020, 11:52:35 PM »
If it is about digital assets, I think that Bitcoin has become the top asset and it is the worthiest digital currency so far. however, if it is called in the whole currency in the world, I don't think that this is the leading. fiat is still the leading, however, for now, Bitcoin also has some rules that make this coin accepted so much.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #17 on: June 30, 2020, 09:18:49 AM »
Blockchain technology is the future, you just need to wait a little.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #18 on: June 30, 2020, 10:30:39 AM »
Bitcoin market capitalization is now good and I hope this trend continues to increase when there are many people who want Bitcoin. For example if payment transactions around the world can use Bitcoin, I think Bitcoin will be the digital currency that leads the world money market. This can happen because there will be many people who need Bitcoin and the price will continue to rise because of the limited supply of Bitcoin.
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Offline trauchot

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #19 on: June 30, 2020, 07:34:06 PM »
It’s difficult to say yet, but certainly not in the coming years, because most of the US government is against bitcoin and cryptocurrencies in general, and if the United States will completely give green light to cryptocurrencies, then I think it will be possible in the future.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #20 on: July 01, 2020, 04:29:19 AM »
It does have the potential but I don't see that happening in the next five years, at least.

Yes, it is uncertain to predict. But we cannot avoid its possibility. At the first step, bitcoin has grown very slowly. But now it is increasing in increasingly and in the future there may occur a dramatic change in the bitcoin market.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #21 on: July 01, 2020, 06:22:06 AM »
So far, I do not see the possibility for a decentralized cryptocurrency to lead the international financial market. States will never switch to the use of cryptocurrency, which is unsecured and has very high price volatility. Moreover, for them now there is a good alternative - this is the digitization of their usual currencies. Stable state coins are more suitable for states to use as a means of payment.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #21 on: July 01, 2020, 06:22:06 AM »


Offline Fenix

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #22 on: October 26, 2020, 07:07:11 PM »
So far, I do not see the possibility for a decentralized cryptocurrency to lead the international financial market. States will never switch to the use of cryptocurrency, which is unsecured and has very high price volatility. Moreover, for them now there is a good alternative - this is the digitization of their usual currencies. Stable state coins are more suitable for states to use as a means of payment.
Previously, it was almost impossible for bitcoin or another decentralized cryptocurrency to become a leader in the international market as a means of payment. First of all, this was hampered by their high price volatility. With the advent of stablecoins, and especially the stablecoins of central banks of states, bitcoin has no opportunity at all to become a leader in the international financial market. States will not use bitcoin in international settlements. Bitcoin will remain the international currency for citizens and some businesses.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #23 on: October 26, 2020, 08:21:47 PM »
We know US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?
it was already happening! BTC is leading the whole crypto currency in the world. as you say, BTC is getting popular everyday and some countries is accepting it as a payment. no crypto currency has getting this adoption and popularity except Bitcoin so I think your question is already answered and happening as of the moment.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #24 on: October 26, 2020, 09:39:01 PM »
We know US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future? 
if you say that bitcoin will be the leader of the world currency market in the future, for digital currency it can be but if it follows with fiat currency it doesn't seem like it will happen because it is different but to support each other it can be and I agree. because we do not close our eyes that bitcoin is very difficult for the government to detect, so there are still many who have not agreed to use it because it is allegedly able to launder money from the proceeds of drug trafficking and corruption.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #25 on: October 26, 2020, 10:02:12 PM »
In my opinion, no.
If crypto receives widespread worldwide acceptance then the value of the entire crypto market in general and BTC in particular will be huge, which means the price per BTC could rise to millions $. Accordingly, there will be more projects to serve people more efficiently than BTC, because the economy is not only operated by payments, it is also programs that are encrypted and executed automatically by smart contracts... Then BTC will become the nation's reserve asset and we will rarely use BTC in daily payments. I think then DASH, XRP or CBDCs will replace BTC to lead the market.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #26 on: October 26, 2020, 10:11:09 PM »
-snip-
I think then DASH, XRP or CBDCs will replace BTC to lead the market.

is it possible what will happen to what you say, but indeed in crypto nothing is impossible. but the question of when can replace bitcoin as long as there are many who believe in bitcoin.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #27 on: October 27, 2020, 02:02:29 AM »
We know US dollar is the world accepted currency and can be used as a medium of exchange.  In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

I think It is a good question, Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future? it will be when Crypto currency be accepted by all countries at the world. Because We all know, at several countries have blocked and refused Crypto currency. I think We will see at the coming future, Crypto currency will be more needed and accepted by majority. Let's see.
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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #28 on: October 28, 2020, 09:18:19 AM »
of course bitcoin will play an important role in the price movement of other cryptocurrencies.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #29 on: October 28, 2020, 02:16:14 PM »
I think bitcoin has been able to do this now. Become the best in crypto. Where all altcoins can be exchanged in bitcoin, and bitcoin can be exchanged for any coins. All markets have even approved bitcoin. This shows bitcoin as the largest and highest currency in the crypto world. Sales volume is still the largest.

 

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