what if bitcoin become a global currency

[Bookwormlux]

Actually, in developed countries, crypto is widely used for fraud but because in developed countries they have sophisticated investigation departments to keep track and carry out comprehensive investigations. Developing countries don't have that.

And it is usually becomes of their commonly failed system ridden by corruption and its vices. There is a need for these developing countries to come up with better investigation institutions too.

 

[Trexxxy]

And it is usually becomes of their commonly failed system ridden by corruption and its vices. There is a need for these developing countries to come up with better investigation institutions too.

True, but they are called developing countries for a reason. It might take a while before some of these countries even have some up to date investigative bureau.

 

[Shigobad2020]

What do u think will happen if Bitcoin become a global currency and all countries accept bitcoin as an official payment methode ?

the questions says what if ,and my answer is capital NO , crypto currency cannot be widely accepted as a global currency because it will affect some countries economy and that's the simple truth.

 

[Bookwormlux]

the questions says what if ,and my answer is capital NO , crypto currency cannot be widely accepted as a global currency because it will affect some countries economy and that's the simple truth.

You are right. Even the United States dollar cannot become a global country as this won't help to favor some other countries. Things are better the way they currently are.

 

[babdud02]

What do u think will happen if Bitcoin become a global currency and all countries accept bitcoin as an official payment methode ?

That can never be possible and I don’t think people can even start thinking about this but let assume this really happen, everything will be easy compare to how things are now

 

[joy101]

If bitcoin become world global currency it be very good, but the problem is that the world will never accepted it, them all is it as investment.

 

[GIFTMICHAEL]

That's the sim of Cryptocurrency enthusiasts to see BTC becoming widely accepted as Global coin, and being traded online and online globally without jurisdiction.

 

[Good-Person]

I believe that currently Bitcoin is indeed a gloabl currency but not in the way people see fiat currencies. I have recieved bitcoin payments several times and I have converted it to my local fiat currency. So bitcoin is a global currency in some other way and i really hope you understand what I said.

 

[Heatman]

Actually I'm sure that a lot of people who have stored bitcoin will be praying for his to be made a global currency and be approved the whole world wide but let's be waiting and see what happens

 

[Ub40]

I don't think it is going to be possible. Yes, bitcoin is popular and high in value than every other coin, but not becoming global currency. Don't forget that some countries are even trying to ban Crypto in their countries coupled with different government policies here and there. It my opinion.

 

[Alexandoy]

Bitcoin is a commodity that lives in the trading market just like the stocks in the stock market. If is just called currency to give a semblance that it can be an alternative to real currency. How can it be a global currency when in the first place nothing is backing up the Bitcoin? In El Salvador Bitcoin is recognized but not a currency but just an alternative to push its economy.

 

[Sotherefore]

If It becomes become a global cryptocurrency then the price of bitcoins will rise to a higher-level that bitcoins will be one of the most valuable commodities in the world, if this happened then the world has adopted cryptocurrency as the general mood for transaction.

 

[Elfinito]

It would be a great thing and also some countries with bad economy may suffer much because if it becomes a global exchange medium then the price would be in the sky

 

[Sincerem]

So many people will adopt it while others will not, I wouldn't like it personally because I wouldn't want to deal with a volatile currency that its value is not stagnant and will continue to depreciate or increase unnecessarily.

 

[AruneBend]

What do u think will happen if Bitcoin become a global currency and all countries accept bitcoin as an official payment methode ?

It's simply not possible what if for example you don't like bitcoin and you are forced to pay with it what about older generation who doesn't even know what bitcoin is and let's not forget that government don't like crypto currency so no it's not possible