Can you imagine bitcoin could be a wrold reserve currency?

[ranaprime]

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.

[MrSpasybo]

We can imagine a future, when the US, China, Japan, India all have 1 BTC reserves as a national asset, when the price of BTC has stabilized at about $1M. Perhaps then we can still use BTC as a means of payment daily, by 1 satoshi = 1 cent...
However, this means that the war of money printing will end, instead, it is possible that countries will actively manipulate mining. Gold reserves store will become the nation's centralized BTC mining factories ^^
And ... 1 country has just been lent 1,000 BTC by the World Bank to recover the economy after the COVID-x9 pandemic

[Jaguar]

When people turn their back against fiat system and embraces bitcoin as currency. Not far from reality that btc will become the world currency and not just reserve. Unfortunately, it looks impossible for now because there are people who don't know currency and btc also known as volatile which is risky.

[bigcash2011]

When governments realize this pergaps bitcoin would have been very expensive by that time and when govts will start accumulating and storing btc as national reserve then the price will skyrocket even more and even having satoshis will be very valuable.

[Bit]

I think that now Bitcoin has become the world currency although it is not for all transactions. but everybody in the world can use it for transactions worldwide without complicated steps and also rules. However, for the legal currency in the world, I think it is still so far from it.

[Alcor]

I do not think that this will ever happen precisely due to the fact that states are now massively developing their own digital currencies. Lack of any bitcoin collateral, its high price volatility have always been obstacles to the transition of states to its use. States now have a good alternative to decentralized cryptocurrencies, namely the stablecoins of their central banks. Therefore, it makes no sense for states to use bitcoin as a reserve currency.

[TomPluz]

I believe that Bitcoin will one day a very important global currency but I don't see it to be adopted by countries as reserve currency on the same level that USD is positioned right now. There are many limiting factors and on top of that is that countries will never give up their financial sovereignty over anything. In fact, countries can be issuing their digital monies soon which they can easily still control and dominate.

[Andruha1993]

I think that this is how it will be. Everyone will soon start using Bitcoin (buying a car, an apartment, groceries, etc.). This could happen very soon.

[Riya143]

Bitcoin is one of the best and most popular blockchain network transactions. Its popularity is running like a horse. So a lot of people write a lot about bitcoin. Lots of money transactions can be done with bitcoin. As a result, the transaction is becoming easier. However, a lot of money can be kept in the bitcoin wallet. Which is difficult for a bank to keep accounts. Bitcoin currency has a tendency to reserve.

[Fenix]

Decentralized cryptocurrency cannot be the reserve currency of states. The sovereignty of the state presupposes its financial independence and its component is the national money of the state. Bitcoin, like other decentralized cryptocurrencies, has a lot of price volatility. This circumstance is one of the many reasons why bitcoin is unlikely to be used by states as a means of payment.
States will move to digital currencies, but they will most likely be their own stablecoins, as well as regional and other stablecoins developed from them.

[Quart]

unofficially, Bitcoin has been the world currency, but it is digitally. Everyone in worldwide can use this coin as payment and transactions. We can change the coin into some services or products. Or we can trade it in the market so easily and everyone in the world also needs it.

[debra]

It is surely possible that Bitcoin can be world reserve currency, but is rather hard to happen because of its volatility and some other problems in Bitcoin. However, I am sure if all the problems have been fixed, then Bitcoin can have a high chance to be world reserve currency.

[LogiC]

Well I do hope that would be the case. Moreover its not only the central bank pushing the idea but the community of cryptocurrency and blockchain rise exponentially and keep growing. I think many new investors will be interested to cash in as they can see what is happening as bitcoin popularity is now extending its wing on every sector.

[Coin63@]

Obviously I think bitcoin will be the world reserved cryptocurrency. If world banking systems satisfactory accept bitcoin as their transaction system then it highly possible to become world accepted cryptocurrency.

[vegasus]

Is the Bitcoin now a world digital currency? Everybody can use BTC as a payment transaction. It is not limited to in a country but it can be used by all people in the world. But the limit is that this coin may not be used in any type of industry or company or e-commerce. but , this BTC rates the same for everybody in the world.