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Author Topic: Do you think Bitcoin will lead the world's currency market?  (Read 23321 times)

Offline azmirihaque

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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? 

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Offline Hugo Barbosa

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #1 on: June 28, 2020, 08:44:50 AM »
There is a possibility, my friend. Personally, I think one of the main barriers to bitcoin breaking a high level is time, but the process is tortuous. Production is the most critical factor in determining the value of an asset, even if the price goes up, we can't produce more bitcoin, unlike gold, which we can increase production. As the supply of Bitcoin is halved, the ratio of inventory flow to production will double to 54 (very close to gold).

However, lead the world's currency market is quite different. this concept is higher above the specifics price that we talking about, it means people accept it and consider it as the most useful one. For example, the Bahraini dinar is the world's most valuable currency, but many of us didn't know about it at all. Bitcoin's outward self-presentation as a decentralized currency beyond politics, if Bitcoin became the world's leading currency, it will involve in the politics.

Offline Nostoman

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #2 on: June 28, 2020, 09:37:59 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?
Yes, I think bitcoin will be approved all over the world like us dollars. Most countries use US dollars. But some people or organizations do not use us dollars, but banks do. I saw for myself, I paid us dollars to a person in business, but he did not accept it. But I think bitcoin will come to an extreme next time. Bitcoin will be used as a common currency. We are waiting for this bliss.

Offline TomPluz

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #3 on: June 28, 2020, 09:57:52 AM »
Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?

Among many coins, it is Bitcoin that has that real potential to be accepted as a global currency, that can hopefully be used by many people everyday to buy and sell things and services. However, the road to worldwide acceptance and use will never be easy as we have many governments to contend with and many central banks will not surrender their full control of their economies.

Offline mlawson71

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #4 on: June 28, 2020, 02:44:07 PM »
It does have the potential but I don't see that happening in the next five years, at least.

Offline comer

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #5 on: June 28, 2020, 03:02:07 PM »
 It's already did, BTC is leading the crypto space since it was created back on 2009. I think BTC will continue to lead the in the following years until there will be another coin to challenge BTC in the cryptoworld.
In the agrument that it will be accepted like as medium of exchange all over the world like USD. I think there are still issues to deal with and a lot of discussion on the table because this things happen.
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Offline wahyudi

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #6 on: June 28, 2020, 05:29:10 PM »
Bitcoin can be very resilient and provide higher returns when economic turbulence occurred in a number of countries in the past or when the emergence of economic uncertainty since the beginning of this year, which is said to be strengthened by a trade war between the United States and China.  At least that's the reality and Grayscale has the data,

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #6 on: June 28, 2020, 05:29:10 PM »


Offline Senin

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #7 on: June 28, 2020, 05:30:57 PM »
In the percentage ratio of bitcoin and cryptocurrency in general, the world financial market takes up very little space, which is why members of the G7 countries concluded that cryptocurrency does not constitute a threat to global financial stability. With the advent of stable coins, including stable coins of the central banks of states, the situation in the global financial market is changing again. Cryptocurrency has not yet firmly taken its place in the global financial system, so it’s very difficult to say anything about this. However, it can already be argued that Bitcoin and other decentralized cryptocurrencies will not lead in the financial world. At the state level and in international settlements, it is very difficult to use because of its high price volatility. Also, for states, it carries great risks. Therefore, states are likely to use national and regional stable coins of central banks. I even doubt that they will widely use commercial stable coins.
Decentralized cryptocurrency will mainly be used by individuals and part of commercial structures.

Offline Lanirex

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #8 on: June 28, 2020, 06:30:20 PM »
If Cryptocurrency has been accepted as a valid currency for transactions in all countries in the World, then it is certain that Bitcoin will be the leader of the world currency market, and there is even a possibility that Bitcoin will defeat the popularity of the dollar. But unfortunately there are still many countries that refuse Bitcoin, so that Bitcoin has not been able to dominate the world currency market.

Offline Master107

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #9 on: June 28, 2020, 08:44:46 PM »
Yes, it could be done in digital aspect.
Is there anything hard for bitcoin to accomplish this task?
I think none. Bitcoin leading the entire market and not just leading but also the value and the highest price ever. It could not be defeated by newly invented coin or whatever unless btc will be killed. This my opinion.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #10 on: June 28, 2020, 11:54:50 PM »
I believe it, Bitcoin has the potential to lead the world's currency market. Bitcoin attracts all investors in the world as it can have a chance for bigger profits. Also, investing in  Bitcoin is very easy than others. So, I assume more people to support Bitcoin assets. This can be one of reasons to lead the currency market.

Offline Rakin343

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #11 on: June 29, 2020, 03:02:44 AM »
It does have the potential but I don't see that happening in the next five years, at least.
Paper hard money is a common source of corona virus. So bitcoin and others cryptocurrency have no risks of corona virus. So future world bitcoin will dominate global market.
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Offline Malam90

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #12 on: June 29, 2020, 05:35:45 AM »
Bitcoin is already the most popular and used virtual currency which is also the first digital currency in the world. Day by day, its popularity is increasing and more and more people are involving with virtual currencies specially bitcoin. I hope it will also lead currencies like USD in the next era.

Offline Ambu

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #13 on: June 29, 2020, 08:09:40 AM »
Bitcoin is the leading digital currency so this is more popular in the whole world thus the world wide investors investing on this coin thus many countries are banned BTC transactions and tradings but many countries are trying to legalize this currency I think no one can't stop this method BTC long live in digital world.

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Re: Do you think Bitcoin will lead the world's currency market?
« Reply #14 on: June 29, 2020, 07:43:41 PM »
Obviously I think bitcoin will dominate global market one day. Bitcoin is the best online Crypto in the world. Most of the countries in the world directly or indirectly familiar with the best Cryptocurrency bitcoin. Day by day bitcoin becoming more popular. Many global business companies are partnerships with bitcoin. So not so far, very soon bitcoin will dominate global market.
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