Do you think Bitcoin will lead the world's currency market?

[flyaccount]

Actually, in this digital currency, bitcoins are already considered as USD currency. Where all altcoins can also be exchanged for bitcoin and vice versa. And I think it will be easy for bitcoin to become a global currency in the online world.

[Astra]

Bitcoin will no longer become the leader of the conventional traditional currency. In general, he is not capable of this by himself. However, he finally lost this opportunity with the advent of stable coins and especially stable coins of the central banks of states. Such stablecoins as the digital yuan put a bold cross on the hopes of some naive cryptocurrency market participants on such leadership of bitcoin. No state will ever choose Bitcoin over its digital currency.

[lepbagong]

Actually, in this digital currency, bitcoins are already considered as USD currency. Where all altcoins can also be exchanged for bitcoin and vice versa. And I think it will be easy for bitcoin to become a global currency in the online world.

indeed we have to admit that bitcoin has become the world's global currency as you say, but the problem is not the same as US $ which is recognized as a legal medium of exchange throughout the world. Bitcoin is still not recognized throughout the world and we have to admit it, only that the network can already cover the entire world.

it still takes time because all countries have different interests in uncovering the bitcoin issue. because clearly the state must also be able to control, at least not to blame when there is a problem if bitcoin is to be recognized as legal digital money.

[Msweet]

Now, a digital currency has emerged which might have no such central control. Bitcoin emerged after the financial crisis as an alternative to currencies created by central banks. ... For many economists, however, it is the fixed supply of Bitcoin that makes it impractical as a world reserve currency.

[Msweet]

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?

Could Bitcoin replace the U.S. dollar as the global reserve currency? According to Coinbase Cofounder/CEO Brian Armstrong, the answer is yes. He predicted that the digital currency may very well supplant the greenback by 2030. However, to achieve this milestone, Bitcoin needs to overcome several obstacles.

[lepbagong]

it is the fixed supply of Bitcoin that makes it impractical as a world reserve currency.

agree, of course very risky to implement

[Msweet]

A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects the impact of the Covid-19 pandemic on attitudes and perspectives around the digital currency.

[lepbagong]

A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects the impact of the Covid-19 pandemic on attitudes and perspectives around the digital currency.

It is difficult to deny that the survey was conducted in a country that is already developed and everyone wants it to be instant and fast and can be done anywhere without the need for routine work that must be on time and place.

of course this will clearly have a broad impact and increase crypto to be more passionate. we will see the effect of that in the future.

[Gubre]

Bitcoin is already the leading currency in digital world and with that we can expect much more for it but of course  this is nit an easy job for bitcoin.

[Malam90]

Bitcoin is the most leading digital cryptocurrency in the world but it is not possible to become the most leading currency right now. Because USD, EURO, POUNDS and few other currencies are still the top currency in the world. If Bitcoin can continue its dominance, after few years it can be one of the top 5 dominant currency in the world either in digital or world currency.

[dekafee79]

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 good question, Bitcoin has potential will be the leader of world 's currency market like USD in the future, when all countries accepted and adopted crypto currency. I believe digital era will come, and Crypto currency will be more popular and be needed at the coming future. I always this era will come soon.

[Sammy9ce]

Bitcoin offers an alternative to fiat currency. Yes, it is volatile right now. However, the fixed supply of 21 million Bitcoin means that it cannot be hyperinflated. Fiat currencies, on the other hand, have technically an infinite supply. This means that citizens need to have faith that their government and central banks will preserve their purchasing power. With that confidence broken, it appears that people are now choosing to place their faith in Bitcoin. This actually makes a lot of sense, seeing that Bitcoin is not controlled by any central bank or government. Capital controls cannot be imposed, and Bitcoin can be freely transacted across borders. Some countries still don't allow the use of btc,I think it will be really difficult.

[mlawson71]

I think that may happen in time, but not for the foreseeable future,

[alltalk]

It is possible but I don't think it will happen in the near future. Not all people in the world are interested in Bitcoin, so it is one of the factors to make Bitcoin not leading the world's currency market nowadays. I agree that there is a chance in the future if Bitcoin becomes more familiar with all people around the world. Let's see how the adoption of Bitcoin assets in the future, mate.

[EthereumDev_]

of course the price of bitcoin can be a trigger for other cryptocurrency price movements so don't miss bitcoin and as much as possible to keep buying bitcoin as much as you can.