what if bitcoin become a global currency

[MRizwan530]

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

I think it is not possible because global currency is always the currency of any superpower country and between is not the asset of any individual country so world war never accept Bitcoin as a global currency

 

[tuna89]

Bitcoin can become a worldwide currency only if much more can be mined in trillions, I am really looking forward to that, not only btc may achieve this feat but other crypto like ETH, ltc,xrp, usdt. Have in mind that for this to be achievable, it may take a very long time.

 

[REPLICA]

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

The demand of bitcoin will increase a lot. But it's not easy to before global currency. Though it's available to trade and buy something on online stores with bitcoin. But you know bitcoin is basically for investment, not better for transportation.
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Bitcoin can become a worldwide currency only if much more can be mined in trillions, I am really looking forward to that, not only btc may achieve this feat but other crypto like ETH, ltc,xrp, usdt. Have in mind that for this to be achievable, it may take a very long time.

Yeah it's not easy I think to become a global currency so easily. By I think bitcoin is much better for investment rather than transaction. As it's transaction fees are too high. Anyways what you think about how peak can bitcoin reach by this year?

 

[Sake]

Honestly, I can't see this happening. I believe that this Cryptocurrency is the future but i just can't imagine what will happen. I think Fiat and Cryptocurrency can co exists and Crypto can be a worldwide Currency not the only Currency.

 

[Ralphjoe]

That will be an audacious move on the side of the world but even this were to happen it will be decades from now not even years to come.

 

[BrolySSJ]

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

If this had to happen, and there was global adoption of bitcoin, then without a doubt there will be a major price hike in bitcoin. Furthermore i believe that this will encourage the relationships between different nations/countries, as they will be able to easily transact with one another. This could also prove to be a very good payment system in such times as the pandemic we are facing at the moment as the payment is contactless and fast.

 

[EagleEye]

I remember seeing a group talking about Universal Basic Income, and using a cryptocurrency to do it

 

[Lagazine]

If bitcoin becomes a global currency, its going to be a currency for the rich, as the middle class will not have access to the coin anymore. Especially in Nigeria, there will be a law on whom to use bitcoin, which will favour the rich only.

 

[Patrik]

Never, if it becomes a global currency, the economy will die, as bitcoin doesn't have a specific country to belong to, it will represent no country, otherwise it will kill the countries simple as that, not to forget that the different in currencies has a role

 

[Kelly5]

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

If this happens which is definitely inevitable, then it would have difited the anonymity essence and purpose of the existence of cryptocurrency in the first place.

 

[Dowenship]

I don't see that coming! But if eventually all countries accept bitcoin as the means of all transaction, then theirs possibility that the amount of or people will increase, because not everyone will be able to afford that bitcoin.

 

[Rimsha kanwal]

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

currency, we will share what obstacles Bitcoin needs to overcome if it's to become the currency of the future. ... Could Bitcoin replace the U.S. dollar as the global reserve currency?

 

[Janita]

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 .The dollar has been the world's reserve currency for 100 years, but fearful that ... Bitcoin's surge may still prove to be a bubble, but even if it pops, this year's ...

 

[Iamsodex]

This will be one of the great feat Bitcoin will achieve because without the backing of any government it has not crashed till now then it definitely here to stay. I just keep looking forward to every new feat Bitcoin will achieve but most importantly taking advantage of it to make more money.

 

[Goodday]

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

I don't think this can happen because there are some advantages of fiat over cryptocurrencies and they can't be officially accepted. They can only serves a digital payment method and this might increase the use of cryptocurrencies if it fortunately happens.

 

[Asad Ali]

If Bitcoin becomes a global currency, it will be easier to transact large sums.This will be a huge achievement and will make it easier for people to invest in Bitcoin. The supply and demand of Bitcoin will increase.People will be able to make more profit and more importantly this currency will become the most profitable currency in the world.

 

[kayode10]

It will be very good if Bitcoin can become a global currency as it will help to eradicate to the issue of exchange rate of our local currency. Since bitcoin is more powerful than dollars and appreciate in value, it will be good to adopt it. But there are some advanced countries that will lick against it, as this will block some of the ways the earn more money from less developed countries.

 

[Harkinz]

Bitcoin cannot be the main global currency... Government won't be in control of the circulation of currency. I don't think they will allow this to happen.

 

[Tiwa]

Thats a tall order question in the sense that bitcoin still has a long way to go before it can become a global currency accepted by all and sundry.But, if Bitcoin should get there, i think it might force the price down .Yes I believe the price will first get to its peak and I mean the highest possible price then the imminent crash will follow.

 

[Nurudeen]

Bitcoin will definitely become a global currency in the nearest future but people really need to know that this currency can never lay off Fiat currency off the market. It can just rival the currency to make it more better and stable the economy. But I still think it will be accepted all over the world.