Bitcoins are still to centralize to become a truly global reserve currency, the small unknown elite still hold to many bitcoins, most bitcoins owners have less than a whole bitcoins it's very few addresses who controls 50% of all bitcoins.
Bitcoins needs to be better re disputed among a wider crowd than the few people who holds bitcoins now.
In a few years, bitcoins cut be a new digital reserve currency, but we need many millions to hold fraction of a bitcoins and hundreds of thousands of people, to be owners of one or more bitcoins, before bitcoins really become a global reserve currency.

Currently with the coin's statistics, I don't think Bitcoin can become the reserve currency of the world. Presently the coin is a great investment asset and it will take the coin many years to become a mainstream currency.
For that the coin will have to lose its volatile nature and become quite stable as it is needed for a strong economy.
Also, the coin needs to be totally accepted in the financial market among all the financial institutions.
The coin's decentralised nature also poses a threat as due to it, the coin is not bound to any rules and regulations which is need of the market.

It is already the reserve cryptocurrency and is serving as the reference currency with the US dollar for all altcoins on many exchanges around the world and so I for instance wouldn't be surprised to wake up one day to find bitcoin as the reserve currency worldwide.

Yes that's true bitcoin is getting more and more popular, and many other altcoin still depends on bitcoin a lot. Maybe because it's the first coin and it's not really easy to replace the first, moreover if the first is successful. But maybe other altcoin will have other chance later in the future. Begin to be better and doesn't depend on bitcoin anymore.
But i think although that means bitcoin is the best in cryptocurrency, it doesn't apply in the real world. Since i think usd is still better and it'll be hard to replace usd, although i like bitcoin a lot and i'll be happy if it becomes more popular than before.

It is already a currency and it is a crypto currency LOL
It has a high chance to become a reserve if majority of the people agrees to make it centralized with a stable price or value but this idea will be bloody because a lot of people will surely oppose to it.


If there will be a central governance for Bitcoin and its price will stable it could be a reserve crypto currency for digital goods but this will take a long period of time and there will be tremendous amounts of discussions about this because not every people like this kind of aspect and opposing people are expected. Some of the reasons why other people don't like this kind of centralization idea are the facts that those people are the ones that bought Bitcoin at the highest price. And of course, there are also whales with a huge amount of Bitcoin that wanted to control the market and against the centralization idea.

The US cant handle the burden of keeping its Dollar as reserve currency for the world. This will going to implode the US economy sooner or later. There are many economists who have already predicted this about Dollar and we will be needing a reserve currency which is not the currency of some country.

Yes. USD being the current reserve currency of the world, would be too hard to replace in the future. I've once thought about Bitcoin becoming the reserve currency of the world, because of its increasing popularity over the course of time. However, I've found out that it'll be nearly impossible for the pioneer cryptocurrency to achieve said status unless it becomes centralized. Only then, governments and banks around the world could easily manipulate it and enforce AML at will. With Bitcoin's current state, it's impossible to track down every user with the purpose to freeze access to their funds.

This makes it unideal for a reserve currency of the world, unlike the USD which is backed by controlled by the US government. Eventually, as blockchain technology becomes studied by such entity, the USD could change from being a physical currency to being "digital cash". Then, the USD might remain as the reserve currency of the world in the future, or another currency would prevail over the USD.

Nevertheless, what matters is that Bitcoin has become a global currency which anyone could use without restrictions. It may not be the reserve currency of the world, but it's a store of value which has gained the trust of many people in the mainstream world over time. Just my thoughts

Bitcoin is not that much different from gold with the difference that it has not physical form, but governments do not use bitcoin or gold as reserves because they are too comfortable with the fiat system they have created even if they know that at the end the system cannot sustain itself for long but they are fine with that since they have stole money from people for decades thanks to fiat.

Yes. The US Dollar continues to be a strong currency that's trusted by many countries in the world. For it to be replaced, it needs to fall in value which is very unlikely. Even with the popularity of cryptocurrencies such as Bitcoin and Ethereum, no other currency has been able to replace the USD. For this and many other reasons, Bitcoin cannot be the reserve currency of the world anytime soon. While it's still practical and functional as a global currency that's easily accessible by anyone, it'll be nearly impossible for it to become the standard or reserve currency of the world because it's decentralized.

As such, a reserve currency needs to be controlled and manipulated by a central bank and a government. Since Bitcoin lacks these properties, no single entity could control its supply, or enforce regulations. Centralized currencies are the best bet for a reserve currency, and the USD fits the bill nicely. Whenever it'll still be the USD, or another currency like the Euro, we do not know for certainty. However, we do know that Bitcoin will continue to grow over time until it becomes a viable alternative towards Fiat.

Nevertheless, cryptocurrencies like Bitcoin are unpredictable and no one could know what will happen with them in the future. Whenever Bitcoin becomes a reserve currency (by becoming centralized) or not, it's yet to be seen. Just my opinion

no it is not difficult to convert local currencies into digital currencies today , how much more if we are already in the future ? with the advanced technology and more inventions or innovations , im pretty sure that everything in the future will now be possibe and everything will be so easier .

bitcoin and other cryptos is not also a reserve currency because they arent only for display or for reserve because we are already using them on our daily lives .


why ? i dont  see any risk with it .  changing thier money to cryptos is actually more beneficial because they can do cool things like online shoping , paying ,  gambling , etc .


this is already  happening ,  crypto and local currencies are now working as one because we can exchange them vice versa .