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
bitcoin can not become the world currency. as a matter of fact majority of the country does not accept bitcoin. it is ban in most country because they see it as a threat to the traditional banking system. bitcoin can only be used by some country and not all because of the regulation and laws given by such country. bitcoin will be used alongside with dollar but not one against another.
Nothing is ever impossible especially when it comes to such things as regarding the world and a currency. Bitcoin is as a crypto currency has come a very long way over time and is still going further and father than we ever imagined. And it is still very much possible for Bitcoin to evolve overtime and become central world currency. Especially when it is most accepted and used in world power countries. Countries that that are major drivers of the world economy. Countries that are solely dependent on such countries will have no option than to accept the Bitcoin as a means of exchange.
You will notice that currently, all the countries in the world where Bitcoin is legal are using it extensively for sale and many countries are coming forward to accept Bitcoin. When the whole world rushes to accept Bitcoin and invest in this way, it is certainly most attractive for those who have played a role in the financial driving force in the world market economically.
Various countries have embraced Bitcoin the most to become economically self-sufficient, they have turned this Bitcoin into a long-term holding and long-term opposition holding to earn more profits. Of course, they will succeed because those who are still holding back their investments at the present time and have invested in the past are the only ones who have achieved the most success.