Post
Topic
Board Economics
Re: Is bitcoin now the strongest currency in the world?
by
Cosbycoin
on 15/11/2017, 05:10:50 UTC
Nevertheless no. Bitcoin will be the strongest forex if the price is steady as gold and if the market capitalization of bitcoin surpasses gold. Effectively bitcoin can obtain this but not for now.May be in near future the place bitcoin is accepted by the governments all more than the world who understands when will bitcoin be the strongest forex in the planet

Maybe as of now, it is a little bit far from reality that bitcoin is the strongest currency in the world. It is because there are still some places of the world that would not accept bitcoin as one of the means of payment because they have negative impression about it. Or somehow, unaware of the increasing of the bitcoin price nowadays.
Bitcoin is the strongest currency in the present world. As it is considered to be improving towards the greater level of success in near future, the prices might rise again to a level of somewhat equal to 10 k dollars for a single bitcoin.

Hence it could be regarded as the strongest currency but there are some weak points to that hinders its stability such as being illegal, decentralized and non traceable are some factors that could cause it to lose its value as governmental support could get questioned upon these matters.