Post
Topic
Board Economics
Re: Is bitcoin now the strongest currency in the world?
by
btcjocan
on 05/08/2017, 19:48:03 UTC
Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).

As much as it pains me to say it, this is the truth.

Now, it does have the capability to become the strongest, so do take that into account.
I agree. Even it has high market value, it can't be the greatest currency. Only a part of the world accepts bitcoin. It doesn't even legal in some countries. It can only be the strongest if after it has been legalized in every country of the world it retains its value and can be used for offline transactions in other word, in every day living
Bitcoin will never become the strongest currency in the world because a lot of the people still uses fiat currency and the governments from different countries will not allow bitcoin to become the strongest or even most used currency because it will be the cause for the fall of fiat currency in the world.

I wouldn't say never. It's currently very far from being the strongest currency in the world. But the growth that it's experiencing is exponential, so over let's say a couple decades, it does have potential. Right now I'd say the USD is the strongest currency by far. Pretty much accepted worldwide and they could print bitcoins entire market cap in a month without any effect on fx (which they already did for years).
I agree on that. For now, it isn't bitcoin's opportunity to outshine. USD has everything for many years already but btc has not that many to prove yet right await but always keep your pride low to people around you no matter what circumstance you will experience someday. Keep holding on.