It is difficult to say whether Bitcoin will become the next dominant global currency like the US dollar. While Bitcoin has gained widespread attention and adoption in recent years, it still faces significant challenges and limitations as a currency.
One of the biggest challenges is its volatility. Bitcoin's value can fluctuate rapidly and dramatically, which makes it difficult for businesses and individuals to use it as a stable store of value. Additionally, Bitcoin is not yet widely accepted as a means of payment, and many merchants and service providers do not accept it as a form of payment.
Another issue is regulatory uncertainty. Governments and financial institutions are still trying to figure out how to regulate and integrate cryptocurrencies like Bitcoin into the existing financial system, and this uncertainty can create barriers to adoption and use.
That being said, Bitcoin and other cryptocurrencies have the potential to disrupt the traditional financial system and offer new possibilities for financial transactions and investment. It is possible that in the future, Bitcoin could play a larger role in international trade and finance, but it remains to be seen if it will ever become the dominant global currency like the US dollar.
