The global market needs crypto (Bitcoin) for the future

[TEBTC]

As time runs and the world changes everything is evolving and environments adapting to change, the global market as an environment must see the rapid change in its trade exchange source which is the crypto currency (Bitcoin).

Crypto currency has come to break every barrier created by other sources of transactions there is need for the global market to accept crypto as the best means of transacting in the market space that is faster and more reliable than the normal way of exchange that is limited by space or location.

The world needs to see Bitcoin as the currency for the betterment of the world iand the people living in it.with the way technology is increasing daily and the availability of the Internet to everyone the next generation would really benefit from the globalization of crypto currency in the global market.

[Joy- maker]

there is need for the global market to accept crypto as the best means of transacting in the market space that is faster and more reliable than the normal way of exchange that is limited by space or location.

there is no doubt that transacting with cryptocurrency is fast and reliable, but to make cryptocurrency as a means of payment in the global market is something that will be very difficult, because only few countries has adopted cryptocurrency and not all business will accept cryptocurrency as a means of payment do to volatility. Please don't get me wrong am not against cryptocurrency but I don't think if it we be possible for cryptocurrency to use as a means of payment in the global market.

[Odusko]

Let not get it twisted, Bitcoin may never be accepted as a global currency for trades, and what we are going to have as far as Bitcoin adoption is concerned is government trying to regulate and try to tax Bitcoin user's and incomes tax in the profits from Bitcoin as an assets, although even that may not work effectively 💯 because of the nature of Bitcoin, but yes alot of people around the world are going to adopt Bitcoin as an alternative currency, but government is going to be skeptical about Bitcoin due to Bitcoin decentralized nature.

[AmoreJaz]

Let not get it twisted, Bitcoin may never be accepted as a global currency for trades, and what we are going to have as far as Bitcoin adoption is concerned is government trying to regulate and try to tax Bitcoin user's and incomes tax in the profits from Bitcoin as an assets, although even that may not work effectively 💯 because of the nature of Bitcoin, but yes alot of people around the world are going to adopt Bitcoin as an alternative currency, but government is going to be skeptical about Bitcoin due to Bitcoin decentralized nature.

I don't understand why people are aiming for such feat for btc. Let us be grateful that up until today, people are still going in this market and its popularity of usage is quite spreading. But to make it as a global currency may still be far from the horizon. Though the possibility is always there, but the volatility and acceptance of each country still matters on this aspect. But for now, the usage of crypto is already global as everyone across the globe can use it without any border restrictions. The transfer from one point to another is quite cheap and fast. Most users are here for the potential profits but I believe, that's one way to entice them to understand more about btc and crypto in general. What it can do in the financial market aside from being seen as a very profitable investment.

[Odusko]

Edith out

I don't understand why people are aiming for such feat for btc. Let us be grateful that up until today, people are still going in this market and its popularity of usage is quite spreading. But to make it as a global currency may still be far from the horizon. Though the possibility is always there, but the volatility and acceptance of each country still matters on this aspect.

Just 10 years+ into Bitcoin existence, the progress so far in terms of Bitcoin value increase has blinded the eyes of Many, to the point that they are forgetting the realities on ground and the difference between value and acceptance, Bitcoin is not designed to be adopted as global, so people should stop making such a propaganda about Bitcoin role in the society and the economy.

[Rruchi man]

The world needs to see Bitcoin as the currency for the betterment of the world iand the people living in it.

A negative image of bitcoin has been promoted by mostly the government, and that is why many people see it like that.

If the government can refocus on creating a positive image of bitcoin, it will help bring more persons to bitcoins and increase the interest that people have in it.

[Yokkattannee]

Let not get it twisted, Bitcoin may never be accepted as a global currency for trades, and what we are going to have as far as Bitcoin adoption is concerned is government trying to regulate and try to tax Bitcoin user's and incomes tax in the profits from Bitcoin as an assets, although even that may not work effectively 💯 because of the nature of Bitcoin, but yes alot of people around the world are going to adopt Bitcoin as an alternative currency, but government is going to be skeptical about Bitcoin due to Bitcoin decentralized nature.

Yes, there are many government considerations to include bitcoin in payments or other transactions, although there are companies that have started to accept crypto currency or bitcoin in trade, but because of its unstable value, most of them postpone it, because its value can be high or low, and indeed for now bitcoin has been widely used because it can reduce failure when transactions occur.

[batang_bitcoin]

The world needs to see Bitcoin as the currency for the betterment of the world iand the people living in it.with the way technology is increasing daily and the availability of the Internet to everyone the next generation would really benefit from the globalization of crypto currency in the global market.

The world isn't realizing that Bitcoin is only a currency for the betterment but it's for of that. And this is the reason why the finance heavyweights are also in the game. They're seeing now what we've seen beforehand that they have come to realize that it's still early for them and they should get as much as they can before the other heavyweights take them first. There's now a hurry on how much they should hold in the nearest future when the price of Bitcoin has only one direction and that's to be up. Some slips and dips will come but always come to the point about zooming out the charts.

[Marvell1]

there is need for the global market to accept crypto as the best means of transacting in the market space that is faster and more reliable than the normal way of exchange that is limited by space or location.

there is no doubt that transacting with cryptocurrency is fast and reliable, but to make cryptocurrency as a means of payment in the global market is something that will be very difficult, because only few countries has adopted cryptocurrency and not all business will accept cryptocurrency as a means of payment do to volatility. Please don't get me wrong am not against cryptocurrency but I don't think if it we be possible for cryptocurrency to use as a means of payment in the global market.

Volatility could also be considered a reason but I think the bigger reason is for national interest. Superpowers like the US are dominating the world by forcing the rest of the world to use the dollar, their centralized monetary system. That would bring many benefits as well as maintain the position of a great power. In case if bitcoin becomes a global currency, this could cause the USD to lose its market share and dominance. Once the USD weakens, the US's superpower status will also weaken, so they will never let that happen.

Similarly, China, India or Russia...also just want their currency to become the global currency, promoting a currency that is not controlled by them will not benefit them. So the prospect of bitcoin becoming a global currency is almost impossible.

[JeffBrad12]

I think the world will realize that in the future, once they transitioned from tradfi.
People still stuck with tradfi because they are used to it and most of people don't welcome a change.
But eventually they will see the need for something more efficient and faster, at that time they will realize they need bitcoin.
As for now, we're still too early for that.

[Zlantann]

Just 10 years+ into Bitcoin existence, the progress so far in terms of Bitcoin value increase has blinded the eyes of Many, to the point that they are forgetting the realities on ground and the difference between value and acceptance, Bitcoin is not designed to be adopted as global, so people should stop making such a propaganda about Bitcoin role in the society and the economy.

Bitcoin is designed to be a global currency that could serve as an alternative to fiat. The crypto currency can be used in any country at anytime. Even when some governments ban its use in their jurisdiction, it doesn't stop people from using it.

There might be some restrictions, but we cannot deny the fact that Bitcoin has a big role to play in society. Its decentralized nature is the path way to privacy and freedom. It took the dollars decades to gain global acceptance, Bitcoin is still in it's infancy. As it grows to become less volatile, hopefully it's global acceptance will increase.

The world needs to see Bitcoin as the currency for the betterment of the world iand the people living in it.with the way technology is increasing daily and the availability of the Internet to everyone the next generation would really benefit from the globalization of crypto currency in the global market.

Bitcoin is just a currency and an asset. It doesn't hold the solution to the economic problems of the world. A nation will have to adopt necessary economic steps to curb its problems.

[Gozie51]

If you are talking about global usage of bitcoin that all fiat will give way for bitcoin, I don't think that is easy to achieve but if you are referring to optional use by choice, the government will regulate its transaction and that means you must have to go through a third party either through exchange so that the government can monitor your transaction through KYC done on the exchange. Bitcoin use will not be totally subjected to centralized usage and to get every trade going through bitcoin is difficult. So be assured that global approve usage for bitcoin is not the original plan for bitcoin.

[fuguebtc]

Bitcoin is designed to be a global currency that could serve as an alternative to fiat. The crypto currency can be used in any country at anytime. Even when some governments ban its use in their jurisdiction, it doesn't stop people from using it.

There might be some restrictions, but we cannot deny the fact that Bitcoin has a big role to play in society. Its decentralized nature is the path way to privacy and freedom. It took the dollars decades to gain global acceptance, Bitcoin is still in it's infancy. As it grows to become less volatile, hopefully it's global acceptance will increase.

Yes, Satoshi created Bitcoin to be a peer-to-peer currency and an alternative to fiat. But with what is happening, we (early adopters) and the world are looking at bitcoin as an investment, a tool to get rich. This makes me wonder, do we really care about decentralization, privacy or what do we care about is money, wealth?

We need bitcoin, but not for privacy, but for the profits it brings, IMO. As long as we have that mindset, don't expect bitcoin to become and be used as a global currency.

Bitcoin is no longer in its infancy, it has become globally popular and is being legitimized as a commodity.

Bitcoin is just a currency and an asset. It doesn't hold the solution to the economic problems of the world. A nation will have to adopt necessary economic steps to curb its problems.

But I agree with this thinking, bitcoin is not a magic wand that can solve all the world's problems. It's just an investment, don't exaggerate.

[dumbymamby]

Countries need crypto to break every barrier created by other sources of transactions but that will wait for the governments agreement. While the government still not ready with that, we will not see a change in the financial and use the old ways. Once their eyes are open and see the benefit of Bitcoin, they will make Bitcoin legal and use it for the transaction.

We don't have to bother with that and it is better we follow the journey and take the benefit for ourselves. When everything is set it up, we will see a new change in the world especially in the financial and economic section. Bitcoin will help that and solve the problem while we already take part inside Bitcoin from a long time.

[peter0425]

Countries need crypto to break every barrier created by other sources of transactions but that will wait for the governments agreement. While the government still not ready with that, we will not see a change in the financial and use the old ways. Once their eyes are open and see the benefit of Bitcoin, they will make Bitcoin legal and use it for the transaction.

To be fair, there have been some steps forward taken already by some countries. Maybe not yet huge steps but it is still a step forward and it is very important that countries slowly see the benefits of bitcoin. Many countries are now trying different ways to use bitcoin to see which one will serve them the best.

We don't have to bother with that and it is better we follow the journey and take the benefit for ourselves. When everything is set it up, we will see a new change in the world especially in the financial and economic section. Bitcoin will help that and solve the problem while we already take part inside Bitcoin from a long time.

Some people are so hesitant in using bitcoin because their government is not fully backing up bitcoin but I do not think this should stop us. However, I also recognize that there really are some parts of the world where use of crypto is greatly discouraged and there is only so much we can do if the government is against bitcoin.

[Lida93]

Globalising bitcoin (a decentralised currency) as a global market currency would be threatening to certain superpowers currency's and their economic will which they wield through the strength of their currency in the global market. Which is what makes this ideology of bitcoin becoming a global currency looking utopian to me from this lens. The widespread adoption of bitcoin should be a sufficient appreciated, an alternative usage from retailed investors to institutional investors and perhaps a demarcation from what bitcoin serves and that of fiat money should be respected in a way that it doesn't appear to be conflicting for dominance.

[Mate2237]

The future of the business world going forward is looking The way of crypto because people are waking up to the reality of crypto currency as a viable alternative source to Fiat currencies due to it decentralized nature that has given it an edge over your normal currency that is used in international trade but one thing that you have to know is that there is a lot of politics that goes on with international trade and diplomacy so the probability of Bitcoin replacing the United States dollar and other currency that are use in trading international will be hard because most countries will not support it.



What we should be more concerned about Bitcoin should be it adoption rate across the world as that is going to have a very positive impact on the global stage and many will turn to Bitcoin as an alternative source of trading

[BIT-BENDER]

Let not get it twisted, Bitcoin may never be accepted as a global currency for trades, and what we are going to have as far as Bitcoin adoption is concerned is government trying to regulate and try to tax Bitcoin user's and incomes tax in the profits from Bitcoin as an assets,

You are correct on this one and it is already happening. There are some news that Nigeria government has signed a law that recognizes Bitcoin and crypto-currency in general, this is coming after their have been brutal battles from the government of Nigeria against Bitcoin with saw the arrest of a binance representative.

This sudden change from the government towards Bitcoin has sparked some criticism and many are claiming that this could be because of the tax benefits the government can get from crypto-currency related business, and individuals.

[Slow death]

The world needs to see Bitcoin as the currency for the betterment of the world iand the people living in it.with the way technology is increasing daily and the availability of the Internet to everyone the next generation would really benefit from the globalization of crypto currency in the global market.

I believe that if they did a survey of how many people in each country use bitcoin, we would see that at least more than 100 people in each country in the world use bitcoin, even people who live in countries where bitcoin has been banned use bitcoin. This means that bitcoin is used in every country in the world. In my opinion

about bitcoin being used as a payment method, I think that even if governments accept it, I highly doubt that many people and companies will spend many bitcoins to buy cars, luxury homes or even buy other companies, when they can hodl it for many years and make very high profits.

[Zaguru12]

I believe that if they did a survey of how many people in each country use bitcoin, we would see that at least more than 100 people in each country in the world use bitcoin, even people who live in countries where bitcoin has been banned use bitcoin. This means that bitcoin is used in every country in the world. In my opinion

about bitcoin being used as a payment method, I think that even if governments accept it, I highly doubt that many people and companies will spend many bitcoins to buy cars, luxury homes or even buy other companies, when they can hodl it for many years and make very high profits.

I agree with your stats of getting at least 100 bitcoin investors in a country, I personally think that this number is even underestimated because the countries I think that will be having problem accessing bitcoin are developing countries or their world countries and countries if we look at stats from some news outlets we can see that this countries have large population of bitcoin users because there local currencies are even more affected by inflation more and as such needs bitcoin to hedge against. In the countries where it was banned like Middle East it created more awareness and population also grew, so bitcoin in my opinion is already global, only needs government legalization to speed up the adoption rate only.

One issue many of us have failed to understand about bitcoin been used as payment of method is that, this doesn’t mean there wouldn’t be any holding of bitcoin again. I can have my fiat I intend to use to purchase an item converted to bitcoin and then use that bitcoin to transact to reduce the hassle of sending fiat. This doesn’t in any way affect my holdings