Bitcoin Forum

NoteNo one can stop its adoption


Today i came across a really interesting Post on twitter and its shows in a video how the mayor of lugano (switzerland) was paying for the goods and services rendered to him with bitcoin all over the city  and i came to the conclusion that its only a matter of time before the adoption of bitcoin is going to be seen like this in every city of the world.
  Like the video in this tweet bitcoin is already spreading and many people have started accepting bitcoin as a means of payment in their small business Enterprises and firms in my own country (Nigeria) although its still not allowed to transact bitcoin with the local fiat bank in my place but the use of bitcoin is still spreading and its doesn't stop people from trading through peer to peer transaction and i hope the government of the world starts seeing the value and force that bitcoin is coming with in the world today and start legalizing it in their own country.

bitcoinmagazine (https://twitter.com/BitcoinMagazine/status/1621234496744857600?t=1p6-AqkSjrg1TzNMkD0sfw&s=19)

Please image was gotten from twitter post

Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.

Before, bitcoin was introduced as a peer to peer payment but right now, we mostly see people adopt bitcoin not only for the usage of being a payment method but mainly as an investment, as an asset.

And that's not wrong, because its utilities can be seen and we can't deny that either or the two, it really is.

You’ll see the increase right now because the market is about to rise again and that’s why many good news are all over the news site. Bitcoin is inevitable, it will rise no matter what and many countries already show their support to Bitcoin, this is indeed growing. In my country, you’ll see more people are getting more interested about Bitcoin, though there are still a problem since most of them think about an easy money with Bitcoin without even understanding it, some are just getting hyped by someone.

We do not yet reach the finish line, so adoption will continue until the moment that everyone has already been using this whether in terms of investment or currency. As we can see, only a few percent that is already using this, but there are still a lot of people we need to encourage. Even 10 years from now we're still far from happening.

However, it was really good to see that crypto gives interest to the community, and therefore, I can say that Bitcoin is not a failed project.

Bitcoin adoption keeps on gaining popularity because many cities trying to adopt Bitcoin and implement its system in their economy.  Just like what the mayor of Lugano did, other authority is not that hostile to Bitcoin and sees the potential for growth if the Bitcoin system is integrated into their city's economy. 

Am sure we will be seeing the same scenario in the near future as Bitcoin adoption keeps on propagating.

I think Switzerland has been going cashless more many years now, and with the advent of bitcoin it makes sense that they will also be spearheading in in Europe. And their government is politically libertarian, so there should be no surprises as well as how they adopted bitcoin as compare to the other nations out there.

The city of Zug created their own identity on the public Ethereum network that gave them the power to sign and verify data (https://consensys.net/blockchain-use-cases/government-and-the-public-sector/zug/).

And yes, Lugano stakes claim to become cryptocurrency capital of Europe (https://www.bbva.com/en/lugano-stakes-claim-to-become-cryptocurrency-capital-of-europe/).

Some (if not most) European countries are aiming to have a completely cashless transactions in the future. So, I guess Bitcoin has a better future for countries like these, especially for the citizens who hates to use a 3rd party payment processors. However, the adoption level for Bitcoin globally are still below 10%. But, on a positive note, Bitcoin price have already reached what most people did not expect what Bitcoin is capable of.

^The most common scenario that will happen, is every time when the market has a bull trend, the adoption becomes widely spread.
But still, there are countries that did not yet open their eyes to adopting BTC but let us hope that soon they will wake up and open their eyes to what they have witnessed around them. I liked how governments of the countries used it, to use as an online payment, not an asset that hoarded BTC to make more valuable in the future, we must be afraid of them when it comes to their mind at the selling point, it will surely have an impact to the BTC price. For example, El Salvador sells all their BTC at once, boom! the market will surely crash.

Bitcoin adoption can’t be stopped again. It has surpass the state of people around the world who have heard of it to still doubt about its existence and popularity. Bitcoin has actually came a long way that it can’t be stopped again. Let me say it’s a viral disease without an antidote to cure it in the minds of many people already.


This is exactly the way it works, after the next bull run, more people will show interest in cryptocurrency and will want to benefit what others have gained after passing through series of market survey. The good use of the media to disseminate such news makes it more easier to spread the positive news about it.



If such happens, we’ll definitely see a great decline in the price of the cryptocurrencies in the market. They’re aware of how the market works and I’m sure they won’t take such a step that will be drastic to everyone in the crypto world.

We do have seen different approach when it comes for government to take stance on whatever they are currently seeing specially on decentralized things like crypto.We do know that there are places who
had already accepted Bitcoin and there are ones who are still neutral and there are ones who had prohibited or totally ban it out.This is why each government would really be having different
stance when it comes to Bitcoin adoption.Its good if on the place you were living it does have  that positive stance on which as a citizen and at the same time a crypto enthusiast
would really be able to benefit out from that which is always an advantace.If not, then we could always have the viable option for us to make out transactions.

Bitcoin is inevitable, when people increasingly have privacy needs or find ways to increase assets, a safe place to store assets, it can be said that bitcoin is one of the things that meet all of those things. Bitcoin is a multifunctional product that has all the outstanding features of gold and fiat money. I don't expect bitcoin to become legal tender globally because of its decentralization, but it is only a matter of time before it is legally accepted globally. As people's needs increase, governments will have no choice but to accept it as a commodity or currency of their choice.

Switzerland is nothing special when it comes to a cashless society it has the same number as other European nations far behind the nordic counties.
https://www.reuters.com/business/finance/cash-loses-its-shine-pandemic-still-king-switzerland-2021-06-23/


It's not like Germany but neither like Sweden.


Bruh!!!!  For god's sake find another analogy, making it look like cancer is not that far away from Warren's rat poison!  ;D
OMG, just no!

Establishing a cashless system can be done using electronic networks that are currently used by almost all financial institutions. There are countries where all operations are done using bank cards, and anyone can live in them without using cash. This method enables the continuation of tracking the balances and transfers of citizens. Do not forget that countries adoption of Bitcoin does not serve their central policies.
Bitcoin can serve them in international exchanges, since it is a global currency that is not owned by any party. And most importantly, it provides an opportunity to get rid of the dollar.

actually I will not care about bitcoin being legalized or used as a means of payment by the government, because in my opinion the most important thing is that the government must allow its people to invest in bitcoin, yes, even if they have to pay taxes to the government.
and in my opinion, bitcoin is very difficult to make as means of payment, because the price is unstable, and maybe that's why the government doesn't allow btc to be used as means of payment.

I think that bitcoin is growing stronger in some ways, but as for mass adoption I think we still have a very long way to go.  After bitcoin came close to hitting 60,000, and then falling all way down to like 14,000 or 15,000 (can't remember) I think a lot of the people who bought it are non-finance people who know nothing about bitcoin and only did so because they heard they might be able to get rich.  I'm not sure they will ever come back so that worries me for adoption reasons.

The government do not allow bitcoin as a means of payment? I am doubting that, except in countries that bitcoin is totally banned, there are many bitcoin friendly countries in the world. Only what the government will not allow is to make bitcoin a legal tender, but if you want to use it, they do not stop you from using it. If you like you can send it to someone or not. The government do not care about citizens to that extent, they care more about their pockets and their selfish reasons, that is the reason why they will not accept bitcoin to a greater extent because they do not want decentralization that can reduce their control.

The are no other way bitcoin adoption will go , it will be adopted by those countries and later on people around it. Maybe other countries still banning it there now a lot of countries adopting it as they knew that bitcoin is helpful to them and also the people around them. As the years goes by people are embracing it no matter what the government action on this as they cant stop bitcoin. I am happy that they use it for sending bitcoin and I am hoping that it will be used also by other countries

Today, since bitcoin passed the 24,000$'s mark, it immediately became a trend topic on Twitter, and people took the opportunity to share some news of bitcoin adoption around the world, similar to the one presented in OP. I didn't know, but it was said 770 shops in South Africa already accept bitcoin as payment method. That is a good signal bitcoin isn't being adopted only by investors, but also by merchants and retail sellers.

As fiat currencies get more depreciated, it's likely news like this become more common each new day.

Adoption is growing slowly but surely. Many people are starting to accept the fact that cryptocurrency is part of our financial system already. There are some people who are starting to accept Bitcoin and at the same time, there are people who are starting to use Bitcoin to pay for their goods or whatever it is.

Bitcoin adoption still has a long way to, but I'm sure that there will be a time that a huge percentage of all the people worldwide will accept Bitcoin as an alternative mode of payment. There are already websites who are accepting Bitcoin and more of them will accept not only Bitcoin, but maybe other coins as well.

On the other hand, there are some who doesn't want to accept Bitcoin especially some establishments because of how volatile it is.

They realize BTC is not going away so its best to just adopt it as well, after all, they can benefit it BTC's growth also.

These establishments could come and go if they like. Someone may figure out soon that whenever the market is bullish, the business can accept BTC but if it's a bear market then cash transactions only. I have had this in mind recently I would just try to lend some BTC but only in the bull run and then lend stablecoin in the bear market.

Bitcoin is still in its infancy for quite some time now so just wait for the world to see and witness that bitcoin is getting bigger and they are throwing that useless paper off the face of the earth and out of their pockets yes of course we may need to wait another 10-20 years to be able to witness all people use bitcoin in their transactions but if the halving happens I think people will see bitcoin and add to the adoption of other ordinary people, even if they only see bitcoin as an investment sector but gradually they can use it as currency.

I see bitcoin growing very fast, not slow, 14 years can't be considered long compared to gold or fiat. But in just 14 years of development, bitcoin has received great attention from the world, from retail investors to governments. One contributing factor to this rapid growth is that inflation is becoming a sore problem in many countries causing their currency to depreciate, and people need to find an alternative, and bitcoin can fulfill that claim.
It can be said that the appearance of bitcoin was very timely, so it was quickly recognized and developed without any organization being able to stop it.

Indirectly in the future it is very likely that bitcoin will be accepted by all countries because bitcoin is truly one of the most efficient cryptocurrencies and can make it easier for state authorities when they want to make cross-border payments or are used to make other transactions, currently the growth in bitcoin adoption has grown tremendously wide so that there is no other way for the government besides accepting bitcoin in their country in the future, it's useless for them to continue to ban bitcoin adopters because people will continue to use bitcoin even though bitcoin is not legalized in that country like the people of China who still hold bitcoin even though the government strictly prohibits for the people using bitcoin.

Nowadays, people just know about it and want to learn about it because of its volatility and profitability. Around my area, the demand for bitcoin is growing rapidly, but it is about investment, not for payment or currency. If someone needs to use it as a currency, they will stay with fiat rather than bitcoin because bitcoin is harder to use and store. I have been in the market for a while but have never wanted to use bitcoin for payment, I prefer to invest.

I would not completely agree with this statement, but bitcoin adoption is growing.
My country's government absolutely does not allow bitcoin to be adopted as currency or means of payment. They hinder adoption through regulations whereby only legal currency can be used as tender by law. Bitcoin is not legal as currency, this adoption is limited and private only.

Some other countries may have tried to adapt and reach conclusion to be more bitcoin friendly. This includes adoption, but when this adoption is done by certain officials in country (not a company), then I think they have brought this issue of adoption as their political power in the future. I can say my assumptions weren't entirely correct either, but look at how many politicians vote for bitcoin when they feel it will make it more profitable in elections.

I will be more than happy if bitcoin adoption spreads like wildfire. Because then I won't have to convert my bitcoins to fiat to be able to spend them. However, not every country has the legal support from the government to do so. In majority of the nations, no law exists on bitcoin or cryptos. That's the hard reality!

Unless we see positive responses from the government and a legal framework around it, bitcoin mass adoption will not take place. No matter how hard we try to avoid government, we actually need them to support us.

Lugano has been mentioned in connection with Bitcoin for years, but that shouldn't surprise anyone considering that Switzerland is a very specific country where people really practice democracy the way it should be everywhere. I honestly did not know that it is now possible to buy coffee or get a haircut and pay with Bitcoin, considering that before only paying taxes was mentioned, but apparently the project that was talked about last year succeeded in its intention. However, I remember that I was skeptical then, and I still am today, because the guys from Tether got involved in the whole story and in addition invented a local token. For those who are interested in more -> https://planb.lugano.ch/

Not surprising though but honestly, we are still at a very low level of crypto adoption. Meaning that we still need many years to fully adopt Bitcoin. However, it was not totally bad as it was, we can't urge people to adopt crypto if they are not willing to do so or if the government will not support this. I was already happy to see the growing number of establishments that offer Bitcoin/crypto as a mode of payment. But then, still not enough to make everyone value Bitcoin and give trust in the system because I know uncertainties are still on their mind until now.

this news can be said to be good news for the price of bitcoin which is getting stronger at 23k, hoping that the value of btc will increase so that in 2024 it can exceed 60k
bitcoin adoption only in certain countries that have fully allowed btc to transact not for countries that are still in the introduction stage to their people, but this is an advance in bitcoin adoption

While I don’t think any government could totally stop the use and adoption of bitcoin, I think there are always ways in which governments could hinder the adoption or to curb the use of bitcoin within their borders. Despite all that, bitcoin continues to grow slowly and steadily.

It’s always great to see the growth and adoption of bitcoin grow stronger everyday. The misconceptions about bitcoin is gradually fading away and people are beginning to see bitcoin for what it truly is. A game changer and a great new innovation in the financial system.

I also find that bitcoin adoption is still very low, compared to other assets, it is still nothing. The biggest barrier so far is none other than the government, the government doesn't accept it, and most people don't want to learn about it even though they all have heard about the name bitcoin. It is almost impossible for the government to ban bitcoin, but to become popular and widely accepted, it really needs government support.

Bitcoin will always get priority which is quite superior, and now we all see people, businessmen and also with companies that have jumped in to adopt Bitcoin as well as investing in Bitcoin, by looking at the demand and supply prices now we will see market movements that are well, after all now that the development and insight of Bitcoin has become more widespread, no one can avoid it, but paying for goods and services using Bitcoin alternatives has the potential to be very good and will continue in several countries, maybe it's just a matter of time. most people are familiar with cryptocurrencies and are aware that they are part of the financial system.

This situation is very different from previous years, where the adoption process did not seem as fast as in 2020 and above until now. Maybe people are more open to receiving information about crypto, especially bitcoin, which is becoming increasingly popular in many countries. And even though some countries still have not fully approved the use of bitcoin, it is only a matter of time. And other countries will also follow what countries have started using bitcoin.

Adoption of bitcoins is getting more because of the efforts of people in promoting it and also due to all the news that has been out and the events that has transpired in the crypto space in the last year. Truth is every event and news contribute to the popularity of bitcoins, whether it is a good event or whether it has been a negative event too. Also the increase in adoption of bitcoins is expected every year as bitcoins get older, it is on an upward movement.

When the government started accepting Bitcoin the walk mode adoption become a supersonic plane adoption.  News on Bitcoin adoption by a country is broadcasted and promulgated through social media, and centralized exchanges and centralized services are taking their chance to profit from the Bitcoin/cryptocurrency industry by setting up businesses and start-ups.

Other countries will surely follow if they see the fruit of El Salvador's patience in accumulating Bitcoin become a success.  By that time, I believe Bitcoin price will really soar high as countries started using their own funds to buy and accumulate BTC

I do agree with what you said even though Bitcoin still has its trial times, we hardly see all this positive news when there is blood in the market as most merchants might be reluctant to accept it then however, I do believe that In time to come, Businesses even without the adoption of the Government will continue to accept BTCitcoin as payment because of its decentralised nature for those that understand even though as I said, I believe this will still be more during price uptrend.

Over 10% of global Internet users likely own some form of cryptocurrency - 500m people if we assume 5 billion internet users. Crypto.com estimates closer to 300m crypto owners worldwide, a 275% increase from their January figure.

El Salvador's patience will give good results for them and may be an example for other countries to follow what El Salvador is doing. El Salvador still has to try to survive and continue buying bitcoin when the price has not increased.

And this adoption process will be even higher when there are countries that will approve the use of bitcoin as an alternative payment and other finance. And centralized exchanges and services will indeed take the opportunity to become a place that facilitates people who want to buy and sell bitcoins. And it started several years.

Slowly but we are reaching critical mass, once enough people adopt bitcoin many small businesses will begin to do the same and eventually massive companies like Amazon and others will follow.

And once we reach that point bitcoin will be truly unstoppable, once that happens I will expect even more regulations to come from the governments as they try to somehow control the situation, but it will be over at that point, as even if they passed a bunch of laws against bitcoin people could transact with each other directly and ignore their regulations.

Users of cryptocurrencies are expanding quickly and globally from a small base.
Similar to the internet in the mid- to late 1990s, cryptocurrencies seem to be on the verge of hyper-adoption.

Yes, that's true. The use of Bitcoin payment and investment is growing globally, with more and more individuals and businesses recognizing its potential but at same time Despite some small businesses in Nigeria accepting Bitcoin, the lack of support from local banks and the government make hurdles that the crypto still faces wider acceptance.

The information is giving to people every day at everywhere. But to adopt or accept bitcoin is a personal thinking even when someone is informed on bitcoin and another thing is for the person to decide whether to accept or not. Many people still not believe on bitcoin reality. And other or some are adopting it because of the evidence seeing from the the per who introduced the bitcoin to them.

Become one of the real adoptions of using Bitcoin, paying for goods and services using bitcoin or some other crypto payments.

The system used may be the same as other adoptions, Bitcoin is an Optional payment because payments are also available using USDT or LVGA (Logano's local stablecoin) (https://my.lugano.ch/en/lvga/). Bitcoin becomes a payment gateway which then after the seller receives their bitcoin will automatically be converted into the form of Fiat currency, so that no fluctuations occur because Bitcoin is directly converted.

Third-party Crypto Payment Gateway (e.g., BitPay, CoinGate, Coinbase Commerce, etc.)
https://i.postimg.cc/MGdcLFhH/gateway-crypto.png

The application used is also available because they use the MyLugano application as a wallet and for payments directly using a smartphone. Bitcoin adoption must also be prepared with a special application that supports payments for bitcoin or another crypto.

In addition, after I saw a video using bitcoin as a payment in Lugano, there is a 10% cashback for payments using Bitcoin, USDT and LVGA. The cashback given is in the form of LVGA points which can only be spent in the city of Lugano and cannot be exchanged with Fiat.
https://i.postimg.cc/gJ7xz6cP/lugano-cashback.png

 Lugano became quite an extraordinary city with the adoption of Bitcoin. and October 20-21 2023 there will be the Plan ₿ Forum Lugano event which is a premier Bitcoin conference that brings together world leaders, technologists and entrepreneurs to discuss bitcoin adoption, economy, financial freedom and freedom of speech
https://i.postimg.cc/ydxJCTHP/planB.png
https://planb.lugano.ch/planb-forum/

Unlike before that Bitcoin has been labeled as a scam or sometimes it's been called a scheme for those people who has bad intentions, in todays generation Bitcoin has been widely recognized by so many people and they already accepted the existence of crypto which is already a part of our economy although not all of them truly legalized it.

One of the major reasons why people knew about Bitcoin is through social media platforms and the rise of the tech industry in which people nowadays can easily access or afford mobile phones.

Bitcoin adoption will keep on spreading till infinity,the only thing that can stop the spread,is if there is a new technology system which will superceed bitcoin blockchain network. Without this happening,nobody can stop the spread and adoption of bitcoin because it has come to give the people freedom from centralized captivity.

In my locality,the increase rate of adoption is something that can't be compared with the previous,since people have begin to understand the benefits using bitcoin or having it as an investment. A time will come that the government will no longer be able to stop bitcoin adoption in their country.

Infinity? Meaning endless adoption. Well, I don't think that gonna happen because we actually never know how long this crypto will exist. It was a growing technology and people took advantage of it while it was still available, that's it.
As the adoption continues to grow, that will also encourage the government to participate and make part of it. And most likely, the more they will pressure to regulate and control the spread of crypto in their place. And this could also be the reason why people hate it.
We are happy today because it was tax-free but 10 years from now, might the government will hunt crypto users/holders to pay for their taxes.

Up until now, bad impression towards this industry do still exist and we just cannot change how those people percieve this industry. It would also much better for those who are really not into cryptocurrency to stay away from this technology since risk is actually present because of the market price volatility. If they would choose to still continue towarda Bitcoin perhaps by means of investment, they'd more likely be drowned by losses which are temporary especially during bearish market. Regarding negative image, I guess that would be a balancer for this industry. Atleast people won't be too positive towards crypto. Risk cannot be avoided so atleast they would be aware in the first place.

More institutions (https://www.coindesk.com/markets/2021/03/02/more-institutional-investors-jumping-into-bitcoin-leaves-less-to-go-around-data-shows/) are catching the bitcoin fever. They are interested. They are studying it, and they are getting in.
The long-term potential of bitcoin could be seen as one of the factors that are pushing institutions to adopt bitcoin. As we may already know, the market cap of bitcoin (https://ycharts.com/indicators/bitcoin_market_cap) is around $446.40 billion and it is large enough as an asset class for institutional investors.

One of the best means of projecting Bitcoin for more adoption is when a highly influencial persons uses it for transaction just like what the mayor of Switzerland did by paying for goods and services with it, his singular act will enable more citizens of that country to have confidence and trust in Bitcoin and to erase the mind of some people who view Bitcoin as a Ponzi scheme, if not for government restrictions and ban placed on Bitcoin by some countries the adoption of Bitcoin would have grown leap and bound nevertheless the growth and global adoption of Bitcoin is unstoppable despite those hiccup caused by the crypto unfriendly countries.

If the op is from Nigeria, I understand where optimism is coming from. But you should know that despite unfriendly legislation, Nigeria is pretty famous for its inspiring level of crypto adoption. There are also a few other places, and, as some mentioned, that includes Lugano, which are focused on Bitcoin adoption heavily. That being said, there are plenty of countries that are very different, and I'm honestly not sure Bitcoin will ever be accepted globally the way it's currently accepted in Bitcoin cities and similar. The main obstacle to such adoption is that people tend to use Bitcoin as an asset, as a form of investment. And you don't buy groceries or a public transit pass with investment.

I am not surprised at the growth rate and adoption rate of Bitcoin all over the world. I would have been surprised of this was not the case. The number of people businesses communities and support groups creating awareness about Bitcoin has in my own opinion tripled since 2011 when bitcoin was just $1. Why are we seeing this happening I think economic factors, socio-political factors, religious factors and individual factors. I will not fail to mention that even governments that try to suppress or banned bitcoin is actually making bitcoin popular among her citizens take for example my nation Nigeria where bitcoin was banned a couple of months ago but then the surge in citizens moving their cash from naira to bitcoin increased and more people adopted it.

During the previous bull run, adopting bitcoin was mainstream. But I haven't seen any significant changes that would drive the price of bitcoin so sharply for a very long time. The past year has actually seen a lot of negative news and events that have pulled Bitcoin back. I haven't noticed any significant developments in Bitcoin lately that would be sufficient for a significant push. Even a slight market adaptation by Switzerland has not yet occurred. The reason for this is that the current state of the world economy prevents us from anticipating a new adaptation trend.

In Ecuador I have seen several businesses that have the option of buying and paying with bitcoin, and it is something that I like, I have not done it yet, but I want to do it, I have not done it also because of a small doubt that assails me, if I pay with bitcoin and I give my ID so that is recorded in the Ecuadorian government? and will always generate a record type? because this country has not applied it but if they apply taxes I am already registered and I am not from this country, I am from another country, it scares me after they say that an immigrant is paying with bitcoin and they can charge me, that is what scares me and I refrain from not buy.

One of the key factors in Bitcoin's enormous bull run up over the years has been the presence of prominent investors. The market for bitcoin is currently experiencing obstacles due to significant dumps hitting the project in the bear market, an increase in the trading volume of bitcoin, and limitations placed on it by several nations out of concern that it might outperform their faltering fiat currency. Because there is no third party to witness the stocks available in private wallets, the adaptation of bitcoin really increases the anonymity of ownership of crypto assets without the need for a bank or firm.

I believe that besides the financial pressure many people are currently experiencing and hence have less money at their disposal for investment activities, the bad news really did their part as well. For an industry that is still largely unregulated and not officially audited, cases like that of FTX were the necessary consequence in my opinion. It is like the crypto sector has seen a smaller version of the 2008 financial crisis when the auditing and rating processes were a complete failure or maybe not even existent (when you take mortgage backed securities as an example).


The case of FTX certainly engendered mistrust by probably many people who might have still been on the fence of tapping their toes into the crypto waters. When we now found out how FTX has actually been operated, I think pretty much everyone of us was shocked to say the least. Excel sheets and some freeware kind of accounting software to operate a multibillion dollar industry heavy weight and a boss (SBF) talking completely wild stuff on the internet should have been enough to stop it in a timely manner if regulation would have been in place in terms of internal and external controls. I know it is against the sentiment of decentralization and so on, but hell now we know how risky it actually was to deposit any money on the FTX platform...

These major events do slow down adoption I am convinced. But anyway, this current stagnation is also multifactorial as there are a lot of uncertainties in the world and people do think at least twice how to manage their assets.

There is no doubt that bitcoin is spreading to many places, not just your locality. It has even reached the remote countryside where I live, people are spreading about bitcoin a lot. But one thing I need to admit is that people are learning about bitcoin and looking to bitcoin for investment reasons. In general, people want to get money from bitcoin, and they want to get rich from bitcoin, not because of its utility or privacy. Bitcoin adoption will continue to spread rapidly if bitcoin continues to maintain its volatility, otherwise I think people will lose interest in it.

I don't agree with this. It's not mean you adopt Bitcoin, you will always threat it as an investment. At first, it is much better to understand how Bitcoin works and learn what Bitcoin can do and how it will help people, especially for the day to day living.
If you are just here for investment, then you must even try to understand how Bitcoin works, because if you invest on things that you don't know, it's useless.

It’s true, as days are passing the rate of adopting Bitcoins is increasing. The reason for this is very simple. The coins are limited in number, that is not more coins can be created or made. Hence Bitcoins are very much valuable, and people knows the worth of it. As time will pass it will become more rare, and hence due to the increase in demand it’s price will go up, hence more people are buying the coins and we are witnessing a greater rate of adoption for the coin. Let’s hope for the best.

No! The reason for the growing adoption is because bitcoin has proven that it is reliable and trustworthy. It has survived many false death given to her by the people. It has survived many harshness and bad news and it cannot be controlled by any single authority. I think this is why Bitcoin adoption is growing steadily.

It is just to note that digitalization is growing which brings crypto adoptions suitable for it. Bitcoins had somehow given a comfortable way of paying bills and any payments which is a reason why people are also encouraged to use them. But many establishments and merchants are not fully ready yet to accept and give this option, they still need time and of course, they need more knowledge about the process as well. But slowly it gains more interest to them and sooner they will open for such payment option.

Above all, it have proved that it can reach high in value against the inflation. It took long for people to believe it and the same will have impact over the market. In such a way it have crossed lots of deaths which is true. No authority having control over the market makes things welcoming, because only the users mistake will cause them loss.

It will continue to gain more interest,even in the cryptocurrency world, Bitcoin is a significant project. It is a leading coin that has helped spread awareness of cryptocurrencies throughout all of Europe. The acceptance is growing every day, and those that trade and understand how the entire crypto market works can benefit from it. Every single day, it grows stronger as more people recognize its significance and benefits, sparking their curiosity and inspiring them to tell their friends, family members, and coworkers about the project's successful outcomes.

Considering the last year's market stats and developments I think there were just a few bitcoin adoption progress. Even some of the small Bussniess that entered the golden time of the cycle took a wise exit from the market due to Bear Pressure. I am very hopeful for the year 2023 let's see which big developments are going to happen in the year 2023. Currently, the market is stuck between the hands of the Bears and the Bulls. February is going to play an important role in the whole domain.

One major reason that have pulled bitcoin's adoption some few steps backward is the hacks and crises experienced in the year 2022 and some other previous experience, I can tell you that many are still very skeptical about the future of bitcoin and cryptocurrencies in general, many are afraid that the government of the world might wake up one morning and declare war against anyone suspected to be a bitcoin or crypto holder, which will result in a big dump that will crash the price of bitcoin and crypto and probably end the industry.

But this is never going to happen, bitcoin is here to stay and I can tell that it's adoption is growing, though might not be as fast as we want it, but slow and moving forward is always better than stagnant or fast and moving backward.

Adoption is something that is already there, but the biggest problems come from governments, because when a business says that they accept bitcoin, they will keep records of the person and their data, and that is something they do not like, but places where I have gone they need the identification to be able to process the payment, I have a mini wallet on my phone, but I have not been able to use it because for any transaction they ask me for identification and I prefer to pay in cash, it is scary that they take my records and then have a database data where my name appears, that scares me, if the purchases and the policies, if they were anonymous in their entirety, were different, it would be ideal, but I am in a third world country where they can easily give the data to anyone.

El Savaldo adoption has opened people's eyes in many nations and individuals' eyes, and the way bitcoin is gaining popularity has shown it to be one of the greatest inventions ever created in time, I believe in time, and now would have been the best time for Nigeria to use bitcoin payment because Nigeria is currently having problems with transaction and fiat, so bitcoin adoption would have been a great solution.

Indeed, everyone will be very happy to be free of paper money because they don't have to bother carrying a bag or something like that, so it's enough to pay by scanning a barcode address using the bitcoin wallet app to pay bills or shop at supermarkets, it can make everyone feel easy and fast. This could be one of the solutions to achieve bitcoin adoption evenly, but again it seems that merchants or companies may already understand a little about how bitcoin works, but are still very doubtful about bitcoin price movements which are relatively volatile so they are still unsure about it.

El Salvador adoption and making of bitcoin as a legal tender truly pave the way for some countries in the world today about how bitcoin can be beneficial and used in so many different ways. There are so many factors that have led to the its adoption today. I would say the significant rise in the price of bitcoin in the years so far has also gotten people to see bitcoin as a means of vital investment. The price has risen so far since from the early times it was  introduced so i feel this is just beginning of its adoption as many other countries will queue up in its adoption.

Many people I know right now it's not going into bitcoin seriously for more investment and the people who invested in Bitcoin and experience profit is also the one who is collecting the information on bitcoin around the collar show the news of Bitcoin has already spread it on before now it is not surprising that bitcoin adoption will continue to get stronger

yes, I definitely think that there will be more and more people who will buy bitcoin. because many people think that the bear market is over and will turn into bull market. and I also happen to have a friend and he has now started buying bitcoins and he doesn't want to miss the next bull run market.
yes, hopefully the next bull run will have a higher bitcoin price than the 2021 bull run.

From what I see, bitcoin is becoming more and more popular for many different reasons, but the reason it is most concerned about is its profitability. After the covid pandemic, most people tend to look for additional sources of income, especially online investments are becoming more popular than ever, and bitcoin is one of the investments known to give the highest returns.
I find that every time bitcoin hits a new ATH, adoption gets more robust, so I predict just one more bull season, and we will see not only institutions but many more countries accept it.

The governments around the world can wake up one morning and declare war, but that won't change much. That's empty words by any government as we have already seen. Take as an example climate change. While some of the governments are complaining about Bitcoin's "gigantic" contribution to climate change, it is obviously impossible to get governments around the world to work cooperatively against climate change anyway. Not that they are doing nothing, but many governments are putting their own interests above all others. The same will happen if government 1 out of 195 declares war on crypto. Even if there are 150 governments declaring war, there will be another government out of the remaining 45 saying "hey, we are fine with building an innovative industry in financial technology, just come to us!".

You would have to have a legal framework equally applicable and enforceable all around the world. Is there just a single example where you have seen that such a utopian scenario works out? :D I implied myself with the word "utopian" that it is not going to happen.

Bitcoin is not just a gimmick without any potential whatsoever. Even if someone doesn't like it or doesn't trust it, most people still have an uncertain feeling deep down that the technology is probably going to play a role in our lives one way or another.

We have also already crossed the point of no return in terms of the industry's scale in my opinion. Even if the vast majority of governments was against it, it is already too attractive to become a host for the industry in order for every single government to refrain from taking the opportunity.

Bitcoin adoption is also not just the number of wallets. Now in the most narrow meaning of the word "adoption", it kind of comes down to the number of individual users. But adoption can also mean when people decide to build infrastructure, like a company could decide to build rails for trains that can't be used by individual people yet. But adoption is still growing overall even when it's on the investment side of things. And that is clearly what is constantly happening with Bitcoin.

I don't blame with your opinion about Bitcoin adoption growing stronger every day, but checking the fact after one year more El Savador make Bitcoin as legal tender payment still not allow by another countries want to make Bitcoin as legal currency transaction. Seems not enough one year or not but only El Savador as country make Bitcoin become legal and accepted for all kinds transaction there.

I am waiting with another countries want to make Bitcoin as legal currency transaction due advantage getting not hype reason, every countries have good regulation with bitcoin transaction and not care about business or profitable from taxes only but how to make Bitcoin become legal payment transaction.

Perhaps the reason is that more and more young people are coming into business and trying to introduce cryptocurrency as an additional way to pay for their goods and services.In Europe, there are already many shops and various institutions that accept cryptocurrency for payment.Popularization of this type of payment is not avoided, many countries look positively at full-fledged adoption.

This is not a problem about bulls or not, actually I think, indeed, all of us don't dismiss those who only take advantage of bitcoin for a moment, but that's not all because the adoption that is owned is far more than that because there are still many people who consider this as a tool for investing and of course we know when talking about Investment this will be something very long and not just a moment.

It's really depends on the countries, but most of countries are accept Bitcoin as a commodities, Bitcoin as a currency is still grey area. But you need to know the number of countries which ban Bitcoin as a currency is higher than the number of countries which allow Bitcoin as a currency.

Accepting Bitcoin as a currency is need to expose your identity and you need to accept if your country has ridiculous habit to unban and ban Bitcoin every year.

I also hope that the adoption of bitcoin by other countries will increase. For example, now is a good time for Russia to make bitcoin a legal tender in the face of sanctions. If that happens, there will be an immediate bull market because a lot of transactions will be done with bitcoin, including industries like oil and gas, which are huge amounts of money.

The adoption of Bitcoin as a legal tender in El Salvador has sparked a wave of excitement and anticipation in the crypto community. This bold move has set the stage for the widespread adoption of cryptocurrencies on a global scale, and many powerful and influential people are taking notice. The fact that El Salvador has become the first country to officially embrace Bitcoin is a clear sign that the world is ready for change. This is just the beginning, and as more powerful figures throw their support behind cryptocurrencies, it will only continue to gain momentum.

Just as the introduction of the internet was met with resistance, many people are still sceptical about the potential of cryptocurrencies. But as time goes on, the world will begin to see the true value of digital currencies. They offer a level of financial freedom that traditional banking systems simply cannot match, and their decentralized nature means that there is no need for middlemen to get involved. Whether it's for the ease of transactions, the ability to protect one's privacy, or the potential for increased financial stability, the use of cryptocurrencies is becoming increasingly irresistible. So, hold tight, and get ready for the crypto adoption race to take off!

Russia is a big country so if that happens it will definitely be a big hit for bitcoin, but I think Russia will never accept bitcoin as a legal tender even if their economy becomes worse. If they do, they will kill their rubles and let their enemies know they are losing. On the other hand, Russia is doing business mainly with China and India, two countries with hostile views on bitcoin, so it would not be in Russia's interest to accept bitcoin as legal tender.
I don't expect big countries to accept bitcoin as legal tender, as long as they have a bitcoin-friendly stance and accept it legally, it's a success.

as long as the internet has reached an area, we can see that most of today's young generation are familiar with bitcoin. and then spread to their parents and their families. and one day when the majority of citizens in a country are familiar with bitcoin, that's when a country inevitably has to regulate laws regarding this matter. and now one by one countries in the world have started to make laws regarding crypto and bitcoin assets. like the latest one is from Brazil. and I think soon more countries will do the same. and this brings closer to global adoption of bitcoin. but of course it takes a long time maybe years or more.

It is interesting to note that use of Bitcoin and other crypto currencies by many small business is on the rise in many countries, but level of adoption varies from country to country and city to city. Some countries, such as japan and Switzerland have more progressive approach towards crypto currencies and they are working to regulate them in a way that general public can use it. While others remain skeptical and have yet to put any legal frame work in place.
Despite these differences, it is clear that crypto currencies have the potential to have significant impact on financial landscape and it will be interesting to see how governments and central banks respond to this growing trend.

Worries and uncertainties arise when we heard rumors about banning Bitcoin because we know that government really has an influence on the community and of course, we don't want to comprise our investment as well. Honestly, we kinda need full support from the government in order to give peace of mind to the businessmen and merchants. I know they are willing to take risks accepting Bitcoin but because they are not sure about the support of the government, they are also doubtful and not sure if they will push through.

There should be also a proper orientation to others who are new in crypto, in my country there are plenty of users who wanted to tries it but then news online or in televisions only the scam issues are announced that makes others doubt it. Crypto will only be to those who are willing to take risk as we can’t guarantee to others that they will get profit. It requires knowledge and patience as only those who are capable to invest and trade will succeed in bitcoin. Many will know bitcoin and might tries it but not all will stick in using or having it.

It's nice to see how the number of people learning about bitcoin is growing every day. A few weeks ago my mom asked me how to buy Bitcoin lol

That would be great but I doubt it would work, anyone that is interested in bitcoin can learn more about it with a quick internet search, if people keep getting scammed is not only because scammers are very active but because they concentrate only on how to make money with bitcoin.

And as long as this is true then not amount of orientation will make any difference as the target audience will never watch it until it is too late.

No one is obligated to join Bitcoin so why will we have one? It's not like the education that each people must learn because they will be needing it later on. Those who are willing to learn Bitcoin are still welcome in the forum. If they are truly eager then they will do a research. If we are lucky then we can be in a community where there are existing Bitcoiners who help educate people around them.

It's only sad that most that we see in the media are fake news and tries to damage the reputation of Bitcoin. Maybe they are only paid by the governments or those Bitcoin haters. This is why many people are brainwashed and believe that Bitcoin is bad.

Well, if the price is about to increased we can see a huge adoption while if the market is on bear status we cannot see people talk about bitcoin, it happens everytime and i always witness because i am here on this furom, so many question ask repetitively every moment when bull market is about to begin.

in fact, as time goes by, you can be sure that more and more people will adopt bitcoin because the name bitcoin has spread throughout the world, even if someone accepts it or not,
but the adoption rate of bitcoin is increasing due to news on social media and so on. then you can be sure that the number of people adopting bitcoin will increase, so it's no wonder that many people are investing in bitcoin for the long term because many predict that bitcoin adopters will increase.

bitcoin will grow more and more, and more people will adopt it, especially when the bitcoin price soars, of course there will be many people who want to own it to make a profit. on the other hand, with so many shops opening payment services with bitcoin, you will feel that the main function of bitcoin will be realized, although we don't know when this will happen in its entirety, what is clear is that more and more users are day by day

It's great to read success stories of bitcoin from other parts of the world. This is exactly what we need bitcoins for, to have one currency that can be used all around the world and is not affected by governments. To me it seems that especially small businesses can profit from accepting bitcoins as a form of payment. Bitcoin became so popular in the last two years that we need to keep the trend growing. It's one thing for businesses to switch to bitcoins, it also needs the crypto community to use this option. It's up to all of us to make sure that the demand for crypto payments is growing. Only when the companies see how many people are using cryptos they will also adopt them. The same goes for the local banks who are still reluctant to deal in bitcoins. Eventually they have to change their mind and give into the demand from the consumers.

By the way, yes, every time the market shows a positive trend, many news media just talk about it.Which, accordingly, arouses great interest among ordinary people and some of those who have read the news will be interested even more and possibly invest in Bitcoin.Even on my example,my friends write to me every time and ask me something about cryptocurrency when they see a lot of headlines in the news.Some of them have already bought some cryptocurrency.

I mean, that's what adoption is literally. Bitcoin being used on a much larger scale because more people are becoming aware of its features and benefits. Can't get any simpler than that. News and Social Media does a little good for bitcoin, but for the most part they would most likely trash upon it every chance they get. What works best is still word of mouth, and it could be executed in multitudes of ways. Seminars, Meetings, announcements, all that stuff.

There is still a lot of work that needs to be done. When it comes to micro transactions, Bitcoin still isn't the perfect choice. Yes we do have options like the lightning network, but for everyday usage it must be even easier to use.

I think the idea of Bitcoin being digital gold still fits a good bit better than Bitcoin being a currency. The required number of confirmations and the time for transactions to confirm can still be a bit too long for many use cases. But still, Bitcoin is developing right as we speak and if it overcomes a couple of hurdles it could indeed be functioning as a perfect currency one day.

And it will continue to grow even bigger, and will do even better. I have to tell you, bitcoin is not something that looks like going away anytime soon, if by some miracle we build something that is even better than bitcoin one day, then maybe it will go away but right now it is obvious that there are absolutely no situation or altertnatives to it that could make it work and this is the best thing.

There are a lot of people who are aware of this, millions of people know this, but there are new people who realize it everyday as well, it's obvious that we are going to end up with something that is not coercive like fiat and will go back to using sound money more and more.

I don't know if there is different between using of bitcoin and adoption of bitcoin. And my mind tells me that there are two different concepts, adoption means taking bitcoin as the acceptable asset or coin or money in one's financial dealings while using means buying and selling with bitcoin. Even though you not adopted bitcoin as a legal tender you can still use it to buy and sell therefore, I have not seen or heard of the increasing adoption of bitcoin every day as the OP said, but the uses of the asset increases every day and night. Apart from El Salvador and Central African Republic that have adopted bitcoin as a legal tender is there any other country again that I have not heard of it?

The reality is that when someone talks to a group of people and they don't understand anything or don't use bitcoin, there is a tendency for that person to say, adoption is going badly.

If you see this good news then you get excited and say, wow the adoption is going very well.

And for both cases it is relative, it is something that honestly cannot be measured, just saying that it exists and it is very possible that as things happen today one day we will wake up and it will go viral, incredibly its use will become widespread and we can use it. Or quite the opposite, it will be maintained over time and will be used, but in an important derivation of users and maintaining that expectation of...

And this is one of the main differences between bitcoin and fiat, we are forced to use fiat and governments take advantage of this by printing more of it whenever they want and steal from us through the inflation tax, but bitcoin is not coercive, you can adopt it or not, and in order for someone to use anything they need to find a benefit, and bitcoin offers many perks when compared to fiat, so people are adopting bitcoin out of their own volition and this makes their users to be way determined compared to those which hold fiat.

Adoption in terms of acceptance of bitcoin on different needs is happening good all around. Along with this users who prefer to spend on terms of bitcoin too have increased. When we talk of mass adoption, it isn't happening around. For this we need countries to legalize the usage of bitcoin and show interest same as El Salvador. For now we're at the beginning days and hope we'll experience good days in the coming years.

You have revealed that people in your country are very interested in learning about Bitcoin. But you have expressed one of their problems, but you have not correctly expressed what the problem is. Maybe Bitcoin is not legal in your country. Bitcoin is being used stealthily. Bitcoin is legal in only a few countries in the world. But the people of the rest of the country are secretly using Bitcoin. As the popularity of bitcoin is increasing day by day in every country then the government of every country should give legitimacy to bitcoin. This will increase both the value and popularity of Bitcoin. And the youth unemployment rate in the country will decrease.

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

Switzerland is one of the countries in the world that acknowledge the potential of Bitcoin and also support it

In my understanding, adopting BTC and using BTC are similar. People who use BTC for their investment or trading, means adopting BTC for themselves. I don't know about how much the increase of BTC adoption every day since no certain stats of it. However, if we look at the number of people who are involved in BTC, it is obviously increasing constantly.

The legal tender of BTC in El Salvador is just an example of BTC adoption, there are many other kinds of adoption. Don't think too complicated with the form of adoption, everyone adopts Bitcoin with their own way.

Why do you think that this somehow affects the unemployment rate in the country? If anyone has bitcoin now, there are many ways to cash it out, even if it means traveling to another country. And if someone has bitcoins, then this person is not poor and he definitely will not look for work after the legalization of bitcoin. So what is the essence of your words, what did you mean?

I do not understand what you mean, not everyone has ton of bitcoins enough to justify a nation change. I mean I have some bitcoins but if I wanted to move to another country to cash them out, I would not have enough money to buy the tickets to go there and come back. It means if there is a legalization of bitcoin in my nation (it is already legal) then it would be a lot better for me.

Unemployment and bitcoin has some connections but I do not know what that person meant, for me the reason is that you could make money from bitcoin but look "unemployed" on paper, I make my money from bitcoin but on paper I look unemployed as well, since I am not officially employed anywhere.

Bitcoin, as a means of payment, has certain disadvantages. 

These disadvantages are due to the fact that the coins are not interchangeable.  There are white, gray and black (criminal) bitcoins.  The most valuable are new bitcoins just mined by miners.  Such coins are guaranteed not to have a negative illegal history. 

The Bitcoin blockchain is completely transparent.  The negative history of Bitcoin, which may have previously been used in dubious transactions, may provoke the seller of goods (works, services) to refuse to accept such coins as payment.

This is quite a serious problem.  This is an obstacle to accepting bitcoin as the main payment method.

1. The government is not needed for Bitcoin adoption.
2. It doesn't matter what they allow. You do your thing. If you want to pay with BTC to someone who is happy to accept it, there is nothing to get in the way. That's what Bitcoin was created for; to allow you to transact without the mafia's permission.

One thing you can do to help adoption is only allow BTC payments. If someone wants to pay you with fiat, you can say "Keep that poo to yourself, I only accept BTC."

People have the ability to learn. On average, their ignorance decreases over time.

Just likened to the COVID-19 pandemic it started first from one country and later spread like wild fire to the different parts of the world. Though bitcoin isn't a deadly subject but in same way it started from one part of the world and now it has spread and still spreading unstoppably to the different parts of the world and it shall keep on defeating and defying all anti policies and authorities against it's acceptance. Despite it's suppression bitcoin acceptance is gradually but steady.

In the end, Bitcoin could truly become a disruptor for traditional finance, eroding its foundation every day, and it will likely be adopted sooner or later. At the moment, I would like to add that countries with greater financial difficulties, where the population is unbanked, have a better chance of adopting it imminently. On the other hand, industrialized first-world countries will likely resist the change, and Bitcoin will soon face a new opponent, namely CBDCs.

Please be informed that during the early days of Bitcoin, it is not supported by the government, instead government are somehow hostile to it.  It was just recently when (probably) the government noticed that they cannot stop Bitcoin from propagating that they act accordingly to the point of regulating centralized exchanges and other centralized crypto services in order to take advantage and control (at least) cryptocurrency.  So I believe, even without government support, Bitcoin will continue to grow.

I think the reason why bitcoin is still increasing and growing stronger isn’t the government. Rather it’s the people. The people that adapt and use bitcoin are the only reason why bitcoin is increasing in popularity and getting adopted on a daily basis.

The government were all against bitcoin in its early years and discouraged their citizens from using it. So they didn’t somehow support it. I think they’ve envisaged the future and they see bitcoin in it so they’ve decided to tag along rather unwillingly. Lest we forget, the government is only there cause of the people. If the people decide to use bitcoin, can the government actually fight the people? No they can’t.

When something have got good in it, surely it'll be used. Maybe we can experience time delay which is due to the way things reach the low bottom of the people. The end users were the low bottom people and the real success too comes out of them. When they start using it, automatically the market turns strong. For now the adoption have happened good, along with increased acceptance and usage access.

Compared to the past now the opposition faced by bitcoin is very low. In the past we can often see the news of bitcoin banned by so and so countries. Now we can see news of specific countries were with the plans of legalizing bitcoin usage. The transition is massive and the same is making the changes.

The existence of bitcoin does not need government support, but we also need to ensure that they will not be hostile and all will not join forces against bitcoin for it to continue to exist and thrive. I still believe that if governments work together, stopping bitcoin will not be so difficult but with what's going on lately, they no longer intend to prevent it, but instead, they want to control it and profit from it. The government has realized the profit they will make from the huge taxes on the market.

Bitcoin has spread in this world like a virus. From 2009 to today, the popularity of Bitcoin has been connected with more than 600 people in the world. I believe that a larger group of people will get involved in the future as its popularity in the world becomes more apparent as everyone finds Bitcoin. Because we are involved with Bitcoin even though Bitcoin is illegal in the country we live in. And in countries where it's legal, almost all of the population is involved with Bitcoin. As the popularity and demand for Bitcoin increases, its price will increase.

Yeah Switzerland is one of the most crypto-friendly countries in the world^[1] and even called as Crypto Valley with numerous big crypto startups. However unlike El Salvador, I think Switzerland doesn't consider crypto as a legal tender yet^[2]. Though, the government demands its people to report any crypto transactions they made and get taxed.


At some point, it's good to see that we can use our bitcoin in any city of Switzerland, that it could boost mass adoption. But, in the other side, I personally think bitcoin loses its essential purpose that make its user to get rid of any taxes, banks, and anything related to governments. Well at least it might make people life easier and more comfortable.



[1] https://www.cnbctv18.com/cryptocurrency/crypto-friendly-countries-as-of-2022-five-of-the-most-switzerland-tonga-portugal-singapore-slovenia-14758451.htm
[2] https://www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/switzerland

They may not support Bitcoin in the early days but they are not totally hostile to it if they do they would have created rules and regulations against its using trading and investment.
I will say it again, the government can stop Bitcoin if they want to. A simple ban on mining it, using trading or investing in it, and a severe penalty for anyone guilty of it is enough to do some damage to the Bitcoin market. I will say it the reason why this didn't happen because there are some celebrities and government who like Bitcoin although they may not step forward to say it to the public.


Yes, Bitcoin is increasing and going strong because of its decentralization and support of the people but I think you're missing the fact or blind by Bitcoin's potential which doesn't cross-check that if all the government of the world is hostile against Bitcoin and place a ban with the inclusion of jail penalty for anyone that mine, buy, trading and hold Bitcoin the story will be different.
Do you think most crypto P2P trading executed on Binance and other CEX exchanges is something that's not known to the government? Ask people from China how things was after their government ban crypto.

This is my point and they didn't achieve the one voice to work against it and thanks to countries that supported Bitcoin that's why they switch regulations but they are still debating on it

Indeed, it's going to happen. Slowly but surely. Uncountable single water droplets came together in order to create the sea. If the nature works like this, they why can't the society?
This small news and action will form a world one-day in where bitcoin is the one and only currency. Small gestures like this could one day make it major. They first show resistance and in the end they accept it regardless. There won't be much time left for those country who banned Bitcoin to accept it as a legal currency if this adoption spread all over the world. And mark my word. No one can keep Bitcoin down.

You are right, the main purpose while Bitcoin is been valuable in the society today it's because is an asset, many people who comes into Bitcoin today it's because of having more profit via their investment, in last five years people who values Bitcoin now have not had the interest of Bitcoin, so therefore it's obvious that the more the year are coming, the more massive adoption of Bitcoin, so i believe that Bitcoin have continuous adoption, because the advertisement of Bitcoin has gotten to the grassroots, so the adoption will be adding instead of reducing.

There is a lot going on in Switzerland and ever since a delegation of Ethereum decided for Zug to become the place where they registered their foundation, Zug did a lot to attract more and more crypto businesses in order to build and expand the blockchain ecosystem. There are further plans to become even more crypto friendly and Alberto Diaz said in an interview that Crypto Valley is a “focused ecosystem that focuses on blockchain technologies" and "one of the world’s leading, densest clusters of blockchain and crypto companies".  (https://gettotext.com/on-the-way-in-the-crypto-valley-in-switzerland/)

A Coindesk article  (https://www.coindesk.com/business/2022/03/03/swiss-city-of-lugano-to-make-bitcoin-and-tether-de-facto-legal-tender/) states that Lugano has serious plans to make Bitcoin and Tether legal tender. That's an interesting read and in this article (https://www.bbva.com/en/lugano-stakes-claim-to-become-cryptocurrency-capital-of-europe/) it says that Lugano claims to become the cryptocurrency capital of Europe. They are also planning on introducing their own token.

We will find out where those plans of Lugano are going, but the fact that those considerations are being made shows that the Swiss government allows for the infrastructure to be built and that they are a crypto friendly place for sure. But it isn't surprising that Switzerland welcomes an industry that is about financial technology and innovation.

We do believe that majority of people who do dive in into crypto not because of its usecase but rather into its profit making opportunity which is something that a very common approach.Speaking about
recognition and adoption then its not really that going slowly on where we have seen several countries had already made it as a legal tender and there are places which they do make it regulated
which means that recognition is still really on the move.It is really just that we cant just hurry up if we do speak about adoption because not all corners of the world
does like Bitcoin or crypto as a whole.

I agree that the majority of people get into crypto because of speculation and investment reasons. But that isn't bad per se. It is just how they get involved and familiarize themselves with cryptocurrencies while playing around with it and getting to learn the market dynamics as they pay closer attention when they own some Bitcoin. In a second step though they also get to find out about Bitcoin's utility and how it makes sense to use it in some situations. That was the case for me as well. Own it at first because I saw the potential for it to rise in price as I was sure that many people will at least slightly get the idea that a decentralized currency has good reasons to exist and spread globally. But once you own it and you travel for example, you quickly find out that it can be practical besides any speculative reasons.

In the future, almost all countries will adopt cashless transaction technology.  And it will reach all sectors in everyday life.  And with the technology brought by Bitcoin, this will make crypto currency experience good growth every year.  I think in the future there will be many crypto currency technologies that will be applied in every sector of life.  That's why I believe that Cryptocurrency is a great investment asset for the future.

Speculation is still our main goal when it comes to this market, but you are right. There will also be many cases where we will use bitcoin as a payment method, not just an investment. Assuming if bitcoin is accepted worldwide, then when traveling or working abroad, bitcoin is obviously much more convenient than fiat or banking. It can be said bitcoin use cases are not many, but sometimes we need and use them too. If bitcoin is no longer profitable, I will still use it in some cases.

Not only adopting cryptocurrency technology but most likely in the future we will see that all countries will also accept bitcoin, because the presence of bitcoin has really changed people's views about real financial freedom and the presence of bitcoin has also made it easier for its users when they want to transact, so far there have been a few obstacles to bitcoin adopters because several governments are still suing the existence of bitcoin and if later they don't ban bitcoin anymore then it is certain that mass adoption will occur in all countries.

Well what I can say to this that is there is one thing humans are known for it should be the constant change and this change has been imminent ever since. Human have gone through a lot of evolution since the onset of time and this change has been in every sector including the financial sector, so I think the creation of bitcoin was bound to happened and so also will its full adoption by the nations of world, time is just the supreme factor here. Its been a hell of a ride since the creation of bitcoin and its certainly going to be adopted but only time can tell.

Maybe bitcoin doesn't have to be accepted absolutely everywhere? It seems to me that bitcoin is a free currency for absolutely all people and whoever wants to use it just sets up a wallet and uses it. Bitcoin is already popular around the world, but you don't have to have it adopted on a national level because there is a risk of major regulation, like linking the wallet to your passport or something like that.

It's no longer a secret, bitcoin has now become a very valuable asset for many people, there are even several countries that have officially legalized bitcoin as a legal means of payment, such as the country of El Salvador.
At the moment bitcoin continues to experience positive growth every year, it's not only a matter of price, but in terms of enthusiasts it also continues to experience growth.

Source: https://www.google.com/amp/s/www.liputan6.com/amp/5073660/studi-pengguna-kripto-global-sentuh-320-juta-asia-dan-afrika-memimpin

Seeing the development of bitcoin that is getting better every year, sooner or later bitcoin will definitely continue to spread throughout the world. Especially at this time, the world has entered modern times, which allows the use of digital assets to continue to grow and will continue to experience good growth. So it's true, now it's only a matter of time, until bitcoin spreads throughout the world, and becomes a valuable asset, or becomes legal tender in all countries. But all of that will definitely take quite a long time, because bitcoin too, can become as big as it is today, more or less it takes around 13-14 years. So it will definitely take quite a long time, until bitcoin is evenly distributed throughout the world.

And indeed the biggest obstacle to the adoption of bitcoin is the government, because currently the government in each country is still very strong in maintaining the rules regarding their respective fiat money, and is still reluctant to glance at bitcoin.

The world is changing faster towards technology and Bitcoin come in the era of technology which makes it more stronger as the technology keep spreading across the globe, Having said that, Bitcoin is a digital currency which is easier for any given country, as a means of payment, which the value of the Bitcoin always be one at a particular giving time. Therefore, The adoption of Bitcoin just started with a full force accept as a means of payment, trading and investment.

It's great news & positive development that Mayor of Switzerland is utilizing Bitcoin to purchase goods and services which highlights that Bitcoin adoption is growing rapidly, because it is perceived as only financial asset that can potentially mitigate the impact of rising inflation which consistently erodes the purchasing power of our traditional fiat currencies. Its adoption in western Europe & USA is crucial because they are the epicenter of global financial system.

If we pay attention and see the development Exactly especially The increasing adoption of bitcoin is a clear indication of its value and potential power in today's world and I believe bitcoin Adoption is unavoidable and unstoppable. As the example you mentioned one of which has been shown by the mayor of Lugano, Switzerland, paying for goods and services using bitcoin, I think it's only a matter of time before we see the use of bitcoin and accept it as a means of payment.

We're in the digital era and blockchain technology is at the forefront of the digital world. While some persons might only see the negatives attached to this technology, some other persons don't want to be left behind, they want to be part of history and it's good to see the mayor of Lugano, a public servant embracing and promoting Bitcoin. This goes to show that bitcoin never be stopped by anyone. Bitcoin adoption is spreading like a wildfire and soon we'll get there.

People are getting the awareness every day so the adoption must increase. As it is, some people still dislike it in the fact that they don't know the value or the important of the digital coin. While some category of people do not know how to use it. So they let it be at the moment. But the orientation is going around and people are joining the train day and night. It is a very good thing that people are knowing bitcoin. And another thing that also increasing the individual mass adoption of bitcoin is the recent introduction of digital fiat currency by different countries.

In this digital era while everything is having changes blockchain and bitcoin are surely giving us independence which is also important and bringing better safety and free zone life and which peoples are having their links with financial institutes and things which are not allowing free life are surely going against this all and trying to have negative points about this which are debatable and also can fix without any deep trouble.

Bitcoin is surely future and with things which are surely bringing awareness and better ways of this all helping peoples to join this community and spread this as well because they know it's never been easy but still need time and more awareness to bring socially involvement about this all.

I can attesify to this massive awareness in bitcoin especially in the third world countries in Africa, bitcoin has continued to pull waves despite the fact many government in most countries are against it because of it's decentralized nature which has limited the government from controlling how the masses use their money and government are a body which by all means loves to know that they are in full control of every aspects of the nation both financially and that's why the fiat system is widely accepted by many government around the world today. But despite that bitcoin is still growing and this growth and acceptance by the public will maybe in time influence many government to adopt this currency and utilize it to its fullest potentials.

and it has been more than 10 years since Bitcoin was initially never believed at a very cheap price until now bitcoin is able to reach a very extraordinary price.
no one would have thought Bitcoin would grow this big with technology that traditional currencies do not have.

The problem of adoption that will occur is still a pro and con. some countries are starting to conduct research and provide positive regulations for Bitcoin, but some developed countries are reluctant to provide regulations on Bitcoin and tend to ban it.
Adoption will still happen, but it will continue to grow over time even though adoption is hampered by some governments.

People who bought bitcoin earlier at about $1 thought bitcoin was a joke coin so would never have thought after 10 years later, but the fact is that the increase was so drastic after bitcoin grew rapidly, and now bitcoin has become an important asset even some countries have believed in adoption and other means of payment.

The pros and cons now the government will create a token called CBCD which can be controlled by the government but some say that it will be flawed because it is not fully decentralized, so there are still many governments preventing the adoption of bitcoin but I believe as time goes by when the adoption will definitely occur and side by side with the government that regulates bitcoin later.
We don't know what will happen later, but when bitcoin grows in society, the government inevitably has to accept it.

from time to time and through technology bitcoin will be more popular and government will eventually take an action to it. not all countries will adopt and most of them they banned bitcoin, since it's a block chain they can't easily take it down but in the good side bitcoin has a good benefits for those who believe in it, some of them are millionaire because of bitcoin and sometimes there are also unlucky ones.

yes exactly bitcoin is adopted regularly and lots of people desires for its investment. Some people wants to make investment in Bitcoin due to its successful future and regular increase in price so they hold it while there are also large number of individuals who utilize bitcoin for purchasing thing and use it as a payment method so these two are really acceptable ways of bitcoin.

There are so many companies which use bitcoin as a way of transaction so I think that in future bitcoin will be more useful than this may be there arises lots of another uses of bitcoin because as quick bitcoin is adopted so it is possible to be acceptable by the people throughout the world.

People predict it as a trustworthy way and as we look towards the past so there were no such greater number of individuals who are bitcoin holders as now so in future the number of bitcoin holders will be more than this due to its usefulness.

As technology is advancing in various parts of the world, people's awareness about bitcoin is increasing as well. I was passing through a road when I saw a shop where you can buy and sell Bitcoin with ease. With this, you can see many other shops or businesses as well as making awareness about Bitcoin which people's curiosity will lead them to knowing more about it.

Despite having several use case of Bitcoin , it is now most commonly used in two ways. One of them is as a payment medium and the other as an asset. In these two cases people have adopted Bitcoin very easily. People's confidence in Bitcoin is increasing day by day. Governments of different countries are also working on it and they are trying their best to implement it. Among them, El Salvador is one of the countries that recognized Bitcoin as the first legal tender, and thus new countries will join the Bitcoin adoption. Bitcoin has managed to build its empire wherever it has touched and is going to create new revolutions in world.

When the government creates the CBCD Token, of course, they will control it and it will not be fully decentralized.
The government will not relinquish their control of the tokens they will build themselves. over time the adoption of Bitcoin has indeed increased and some governments have begun to evaluate the adoption.

Inevitably the government must accept Bitcoin as another payment option even though they cannot fully control it, they can only provide strict regulations on transactions made. Pro governments will make transactions easier, but those who are against them will still make things difficult.

Bicoin perfectly  fits into technology  era and have gained a lot of attention Since El Salvador adopted bitcoin and accepted it as legal tender has helped improve bitcoin in a positive way despite its risk, and bitcoin has a lot of potential been an asset, people who have good knowledge about bitcoin know its worth and will accumulate as many as they can, from previous record number of bitcoin transactions. Bitcoin fits perfectly into the technological era. At first, many countries wanted to make bitcoin illegal by all means because it was competing with the banks.