Re: Will Bitcoin become the reserve currency of the world?

Quote from: Ailmand on April 09, 2019, 08:31:37 AM

Quote from: Abiky on August 04, 2018, 04:12:09 PM

Do you think Bitcoin will become the reserve currency of the world sometime in the future? I was wondering about this since Bitcoin is now a widely used cryptocurrency worldwide. Since most altcoins in the market today, are dependent on Bitcoin's price movements, it seems like Bitcoin is the reserve currency of cryptocurrencies.

However, if Bitcoin tends to become more popular each day, it could eventually take the USD's place as the reserve currency of the world. Hence, what are your thoughts about this? Will it happen or not? Huh

As for me, bitcoin is quite too far from being the reserve currency of the world but it would be the best digital currency that we could ever have. We are actually using it as a currency and it's being used to transact faster and more convenient so I think it could go beyond being just a reserved currency in the future.

- Agree, bitcoin will not be able to reach the position of the world reserve currency because the support and popularity of bitcoin is still not enough, as we can see, the number of people using and working with bitcoin, it still accounts for only a few percent of the world's population, combined with many regulations and barriers from the government, that makes bitcoin impossible to penetrate into many people's lives. In addition, bitcoin is always considered a place to store and generate profits over time, a passive income, it makes the role to become the currency of the Bitcoin very faint