Will it be possible for Bitcoin to be like other national currency?

[Gposas]

We see Bitcoin as the world leading currency in the crypto community, looking at it's high value and popularity will it be possible for Bitcoin to become one of the world currency. Like will it be possible for Bitcoin to be seen, felt, owned and even carried around like the US dollar or any other national currency.
I wish this can be possible, what do you think?

[mu_enrico]

Bitcoin is already a legal tender in El Salvador. It means it's already become the national currency.
Bitcoin is digital, thus can't have physical form, but sure you can own it.

Anyway, if the question is about BTC as world currency or legal tender in big countries, well, that needs a lot of work on the infrastructure side. Even a small state like El Salvador currently has many issues regarding to BTC usage.

[gargamel]

Bitcoin cannot replace the currency of the USA or any other country. Bitcoin can replace gold, however. Because of its technology, it is not possible to use it in daily life. Transfers are very slow and it is not good to give commissions on every transfer.

[mlawson71]

Since Bitcoin has no physical form and cannot be used for various industries like gold can, I don't think it can ever fully replace it.

[alltalk]

Bitcoin is already a legal tender in El Salvador. It means it's already become the national currency.

Correct. El Salvador has decided to make BTC be a legal tender there. So, surely BTC has become a national currency, the same as other national currencies. Even, it is already used as a payment tool internationally. However, there are still many issues related to the use of Bitcoin as a currency. In some countries, it cannot be allowed as a currency because it doesn't fulfill some criteria expected by the government.

[Doctor]

We see Bitcoin as the world leading currency in the crypto community, looking at it's high value and popularity will it be possible for Bitcoin to become one of the world currency. Like will it be possible for Bitcoin to be seen, felt, owned and even carried around like the US dollar or any other national currency.
I wish this can be possible, what do you think?

Yeah, It can be but I don't It will happen.
Because  the several government against bitcoin and crypto currency
I don't believe bitcoin to be like other national currency.

[Abdulcrypto784]

Yuor thoughts are so good. I am agree with you. But i think its not possible come to near future because government of many countries are not support to bitcoin, may be its happen later.

[mlawson71]

I think acceptance will increase in time, even if there are plenty of jurisdictions that aren't too welcoming at the moment. It's just a slow process.

[Mila52]

Bitcoin willn't become an alternative global currency. It will exist together with the national currencies of countries that, in principle, are provided with a overall product. Perhaps in the far future bitcoin will become the main world currency as an indicator of the country's energy supply.

[TomPluz]

One factor why a fiat is considered a currency is when a group of people - in many cases a whole country - is using it as a medium of exchange and usually it is made legal by the authoritative power of the state. In the case of Bitcoin, when people are using it to purchase things or services then it can be classified as a currency just like the usual fiat money whether it is being recognized by any country or not. The news of last year that El Salvador made it a legal tender is a breakthrough along this line and we are expecting that some other small countries will also do the same.

[KryptoBull]

Although I love Bitcoin very much, I do not believe in the possibility that Bitcoin will become the national currency in many countries. Currently El Salvador accepts Bitcoin but other countries have not supported it yet. Governments who want to keep control of their finances through printing money are not going to give up fiat.

[silkytakyaan86]

It is possible in some places but not at some places. Because bitcoin is banned in some countries, it is very popular in some countries. We all have a digital currency so we cannot get it in the form of another physical currency. But if it's possible in any way, it would be a great pleasure.

[DAMKAR]

We see Bitcoin as the world leading currency in the crypto community, looking at it's high value and popularity will it be possible for Bitcoin to become one of the world currency. Like will it be possible for Bitcoin to be seen, felt, owned and even carried around like the US dollar or any other national currency.
I wish this can be possible, what do you think?

I don't believe bitcoin Willbe like other national currency, because I see bitcoin is very volatile.
But I believe bitcoin will be payment method at the coming future.

[shadowdio]

I don't think the government will accept bitcoin to become a national currency because the price of bitcoin is volatile, just imagine if bitcoin will suddenly fall and for sure many people will panicking, many people will lose their money. I guess bitcoin is good only for the other option payment and also for investment.   

[bitbit97]

I don't think the government will accept bitcoin to become a national currency because the price of bitcoin is volatile, just imagine if bitcoin will suddenly fall and for sure many people will panicking, many people will lose their money. I guess bitcoin is good only for the other option payment and also for investment.

So far people in El Salvador dont panic after Bitcoin price dropped from 58K (first batch purchase), passed ATH and dropped to 30k. There were no people with forks and torches at the government house, no rally.