Post
Topic
Board Economics
Re: Bitcoin is Becoming a Global Currency
by
jovs
on 20/04/2017, 13:17:37 UTC
Certainly, bitcoin is becoming a world wide currency, and will grow bigger in the future. Half of the places I go now, all except bitcoin.  Wink I guess that's a good thing for us investors. BTC
A global currency, yes. A major global currency, unfortunately not, and it seems a long way off happening too..
There is a long list of countries that are being screwed over with negative interest rates and massively devalued currencies, people in these countries would have done very well getting their money into bitcoin a few months ago, but as can be seen by the low price, they aren't really doing that.

I guess price volatility is still too high, or upwards price volatility too low for people to be tempted in on mass.
Yes its true that before bitcoin becomes a global currency it must develop and make sure that the problem or the common issues in transaction must be solved and give an answer. Some countries may not be open yet on accepting bitcoin because of its trust issue related problem where in transaction is screwed. But it is just a minor issues if we will think. We can see and feel the development of bitcoin day by day so no doubt that it may develop as a global currency in a near future.