Bitcoin will eventually be a global currency - and a $1 million price target within the next 10 years is 'very reasonable,' Kraken CEO says. Bitcoin will eventually be the world's currency, Kraken's CEO, Jesse Powell, told Bloomberg
For some reason, many believe that the higher the price of bitcoin, the more it will be recognized throughout the world. I do not think so. Few people think about how the states and their governments will react to the increase in the price of bitcoin in comparison with their currency. We can say directly that they will not be happy about it. After all, people have the opportunity to uncontrollably move any amount of money across the border of states, and this will be unacceptable for them. Most likely, over time, they will even take some kind of restrictions in this.
This is also why it is unlikely that for the states themselves, bitcoin will serve as the world currency that they will use when concluding international treaties.
For citizens, yes, bitcoin is already the world's currency.