As right now BTC is more of a store of value. The value of it is not high enough to be able to use mainstream for the global market as the money system. For all markets to be based on.
Do you think that if ever there becomes more adoption, BTC would be and able to be used for mainstream like a global money? Does the tech work enough that it could handle the global market?
why or why not?
Lot of controversy might come up with this before it will happen but yeah bitcoin could be use on mainstream and can be accepted the same as fiat. But unfortunately there's few merchants accepting it and few countries adopt bitcoin as their legal tender. El Salvador might be the perfect model on this since we can see their government aggressively adopt bitcoin and declare it as legal money on their country. We can see that bitcoin has been used and well circulated to that country.
If there are more same like situation will happen and some countries will see the benefit of accepting bitcoin on their country for sure they will make El Salvador as a basis that they should accept bitcoin on their country and make it as alternative money for their people.
But bitcoin need to earn a lot of success plus positive result when it always show up on the mainstream so this dream which will came into reality.