Quote from: Odusko on May 05, 2025, 04:17:59 PM

Quote from: Youngrebel on April 13, 2025, 10:28:40 PM

What are the possibilities of Bitcoin becoming the central world currency .
I feel strongly that Bitcoin will be more used and accepted than even Dollars.
With the fast growing rate of Bitcoin in the world what are you taught's and opinions ? Kindly share

If you are talking about Bitcoin being the major player in the alternative currency domain, I will say yes, but for you to say that Bitcoin to become the global trade currency, it won't happen, because most world leading currencies like the dollar and Euro won't let that happen, and for surely some regulatory shortcomings will hinder that happening also, this is why we often project Bitcoin as an alternative currency for trades, across borders, but not a main currency.

Yes bitcoin is undoubtedly a major player in the world of alternative currencies or cryptocurrencies and its popularity is very high but it is also true that bitcoin's rise as the main currency of global trade will face several realistic challenges. Established and strong currencies like the dollar and the euro will not easily give up their dominance they are backed by strong governments and central banks which help maintain their stability and acceptance. Bitcoin certainly has potential as an alternative currency for cross border business advantages such as fast transactions low fees and decentralization can open up new horizons in international trade. It has a long way to go before it becomes a major currency and many changes in the global financial and political landscape will be required.