Can you imagine bitcoin could be a wrold reserve currency?

[marplen]

Hmm, I'm not sure because of its volatility. Maybe, stablecoins can do it. Tether for dollar, eurg for euro

[KKH84]

It looks interesting, if bitcoin is the world's reserve currency.  But in my opinion, it is still far from reaching that target, bitcoin must be perfect before that happens, minor problems must be fixed first, for example transaction speed and high fees if transactions on the blockchain network are dense.

[GeorgeReece]

I disagree, I believe exactly no chance may come of it. However, I think the global reserve system will change radically in the next few decades. Bitcoin could be part of what's emerging.

[Esperanza12]

Becoming a global reserve currency has both pros and cons. While this makes it easier to borrow in international markets, it also takes away the power to exert influence on the domestic economy.

[Alcor]

It looks interesting, if bitcoin is the world's reserve currency.  But in my opinion, it is still far from reaching that target, bitcoin must be perfect before that happens, minor problems must be fixed first, for example transaction speed and high fees if transactions on the blockchain network are dense.

Bitcoin will never be exactly ideal to become the world's reserve currency. One of the main obstacles is the high price volatility of bitcoin. How can bitcoin become a world currency if its price fluctuates by tens of percent and this is considered the norm?
In addition, states now have a good alternative - their national stablecoins.

[LiamJohn]

I disagree, I believe exactly no chance may come of it. However, I think the global reserve system will change radically in the next few decades. Bitcoin could be part of that

[JackConnor]

Bitcoin will not be a global reserve currency, but it will be the premise because a global currency requires a flexible supply. Limits on the amount of gold banks can hold are one of the main reasons the gold standard doesn't work - economic growth outstrips gold-backed money supply and the inevitable scramble. to overcome this limit leads to instability.

[babu10]

Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Day by Day it's popularity increasing rapidly. On June 11, 2020 the entrepreneur and best selling author,Jeff Booth, spoke with Max Keiser of Keiser report about bitcoin.Both seems to think that BTC has good chance to begin a "Wrold reserve currency". The author tells Keiser to that the central banks massive creation of money has been a force that is driving bitcoin's trend toward being a wrold reserve.

For your kind information US central bank and Swiss bank now going to make custody of BTC so i think this is not too far that it going to be a world reserve currency and i think every county will think about it. After covid 19 lots of progress in cryptocurrency field so that most of the govt not thinking about it. So be positive about it.

thanks.

[GeorgeReece]

I think not because Bitcoin will not become a universal payment token for transactional contracts. It is too volatile. Although BTC is more liquid, it is unlikely that businesses and sovereign powers will give up their preference for fiat money, where they have control.

[Paglamon]

Bitcoin is the most important coin of the blockchain. Yes, bitcoin is the first cryptocurrency to record. Its popularity is growing. The whole process seems very active to me now. Because it is possible to transact a lot of money at the moment. Most banks have accepted bitcoin. So it will not be possible to transact any currency like bitcoin directly with the bank. Because I think the bank will not accept all the coins.

[JackConnor]

No, in my opinion Facebook's Libra could be the world's reserve currency. It is calculated in series of fiat currencies. Government debt is periodically balanced and used to peg one to a digital currency as a method of payment.

[Fenix]

Governments and their bodies will never use Bitcoin or other decentralized cryptocurrencies as a reserve currency. For them, this is unacceptable despite the fact that many of them have legalized bitcoin and their banks provide services in cryptocurrency.
Moreover, now they have a good choice from the side of stablecoins, of which there will be much more in the near future and in various combinations.

[Augusta]

it is not . although the US Dollar ceased to be the official global reserve currency when President Richard Nixon took the country off the gold standard in 1971. However, it remained the de facto global reserve currency. , The United States remains the world's largest economy and top trading nation. Countries tend to store dollars more than all other currencies combined for ease of trading and for their relative stability.

[Rosemaryy]

Bitcoin will not become a universal payment token for transactional contracts. It is too volatile. Although BTC is more liquid, it is unlikely that businesses and sovereign powers will give up their preference for fiat money, where they have control. that is why Bitcoin will not be a global reserve currency, but a premise

[Rakin343]

Yes I do think Bitcoin will be declared a popular currency in the world market. Because Bitcoin has made a name for itself all over the world. People all over the world now know a bit about Bitcoin. We can see that Bitcoin is in the number one position in all the markets. So I think Bitcoin has already been declared as one of the most popular coins in the world.