The possibility of bitcoin emerging as the new global currency becomes even more important when you consider that China is currently pushing for just that—a new currency. Due to the recent economic downturn in the United States, the dollar understandably faltered. Bitcoin can serve as a global currency in theory, according to Goldman Sachs strategists. The reality is that much of the developed world already has stable monetary systems, alternative stores of value, and the US dollar for foreign trade and reserves.