Bitcoin Forum

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

I think these two things will happen in same time, but more important will be adoption in poor country because there are not so many cheap alternatives in online payments and it can become a basic payment there.

Mass adoption can start from anywhere.
We just need to try to expand the already established community everywhere. As we getting more then more and more institutions will be pushed to adopt this innovative ecosystem.

In my opinion, if we want to expand our user bases we need more projects that can impact the real life of citizens and not just games and online casinos.

It can happen in anyways, either government will start accepting cryptocurrency or the next bull market might attract even more investors. One this is for sure, bitcoin will reach out the mass naturally from one to another.

I think the adoption will start with the US and the SEC and ETF is going to help in the process of adaptation of bitcoin all over the world. US is one of the leading figure in the world economy and at that they decision and action go a long way to shaping how other countries will react to adoption of bitcoin.

Well it already started and in case you haven't notice adoption will be different on each country depending on how their government, central bank, and SEC views it. Cryptocurrency adoption tends to go very fast on developing countries since they can handle the risk more compared to developed countries in which they need to consider everything first as their stable economy is always on the line. As for your question regarding countries being ruled by dictators I think you are referring to Venezuela and I think we already know the answer for that.

It can happen from poor countries as they haven't digital economy so its impossible poor people start to buy bitcoin and adoption so it  will sart from countries like USA and others and ofc regulators must accept them as a currency or anything else someday gov. will start to discuss this and there is no way.

I disagree. Not all developing countries support Bitcoin and the cryptocurrency market. For example, countries like India and Pakistan have outright banned them while China is planning on banning mining soon.

Honestly, developing countries are just as reluctant as developed countries when it comes to supporting crypto.

It won't "happen", there will be no sudden realization that Bitcoin is great from average joe's point of view, followed by a flood of new users. Adoption has been already happening for years, and it will keep happening at some pace. Maybe it will be a bit faster or slower, but I doubt it will be too much different from what we have now. Some people are waiting for a new economic crisis to boost Bitcoin's adoption, but I don't think that people will invest in a risky currency during uncertain times. There's no clear mechanism that leads to an explosive adoption, so it's naive to think that it is somehow bound to happen in the future.

The adoption has already begun years ago and is slowly developing.  In the past, I thought there had to be a big bang adoption, but I do not believe it anymore. It's a steady process to convince people of the benefits of Bitcoin. In particular, studies show that especially young people use Bitcoin more often. The problem is the great mass of elders/baby boomers.

I also think that the adoption is driven by industrialized countries as a result of a lack of investment opportunities and loss of confidence in the central banks and not by the developing countries (which was my earlier assumption as well) because economic or monetary crises e.g. in Venezuela, Zimbabwe or India have not led to a significant adoption of Bitcoin in these countries.

What's the relation of these questions to adoption? adoption can take place anything as long as the people agrees to the use of bitcoin. Government and powerful countries plays an important role to this, they can give certain words on why people shouldn't ignore bitcoin that can change the feeling of their citizens including the skeptics. Actually, adoption is already happening if you just didn't know. There's many companies that are looking to the acceptance of bitcoin and other acceptable altcoins.

The adoption will start from the people then followed by the companies and not from the government or country. If a big company decided to adopt bitcoin surely a lot of its users will think twice and get involved in bitcoin too.

Poor countries can't handle the volatility of bitcoin and only its dictator can gain wealth from bitcoin. The lowest class in a country can't afford bitcoin and if they manage to buy just a few satoshis it will still not be enough to sustain their daily living.

..both of this two reason will going to make a major role in the adoptation of bitcoin..a mass adoptation should happen anywhere any time and it will start in every individual that truly believes in the technology of Bitcoin..if all of the people will be educate in crypto currency and in the use of Bitcoin,then the society will going to legalize bitcoin and make it as a mode of payment in all transaction,then Bitcoin will become the most usable crypto in all times..

From what I'm seeing, adoption would start from countries oppressed by the poor management and regulation of their governments and economies badly struck by hyperinflation (Venezuela and Argentina for starters.) Next would be countries who are very much open into accepting cryptocurrencies within their gates, helping merchants and consumers integrate bitcoin and cryptocurrencies within their business frameworks and model. It would be a domino effect from there once businesses saw that people are interested into using bitcoins and the governments are positive into getting the word out for the acceptance of the people.

The adoption will start from the country who has inflation and don't trust the government, but it could also happen to the developing country or in the big country.
When the government from each country can accepting cryptocurrency/bitcoin, then that is the time for the adoption to start because people in that time will have a new source to make money, so I think they will start to use the chance.
The more people will come to the cryptocurrency, and that means, the adoption still going on.

Dictators are using Bitcoin to finance their shitty governments. But it's very unlikely that they'll release an official statement or decree that says 'you can use btc to pay for goods and services' as it would give less power to the regime. Remember that oppresive governments need the population to live in constant uncertainty and fear about the economy and their own finances. You can find some stores accepting btc as an alternative to fiat, but they're probably just a few.

Even without a bitcoin ETF, adoption has been growing in the US over the past few years. Sure, the big retailers and multinationals are not accepting bitcoin, but you can find a lot merchants and small stores accepting bitcoin payments.

If cryptocurrencies get a reputation of a currency of dictators and scammers then why do people in normal countries have to use it? This kind of adoption definetely won't happen.
Such things like Bakkt may increase the BTC volume and market cap, which would lead to more stable exchange rate and decrease of volatility. That still can't be considered as adoption but it would make it easier to use BTC for daily purposes.

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

Dictators wants to control everything. So it's pretty obvious that they won't operate it under his regime because it will give too much economic freedom for his constitute so this is not the way for adoption.


We haven't had any approval yet so I won't factor the two. What we need is people using crypto to pay and merchants allowing it as payment system, whether crypto-crypto or crypto-bitpay-fiat.

How are you defining 'adoption' here?  Because I can think of a few ways bitcoin could be adopted by the masses.  One is by the common man like you and me, which would mean using bitcoin as a currency in lieu of fiat--or at least using it for transactions more than it's being used right now.  Another is adoption by big institutions where they either make it a payment option for their customers or, in the case of financial institutions like banks, they invest in it.

If mass adoption happens, I think it'll be at the institutional level.  I think banks will eventually get involved, as will traditional brokerage firms, but I think that can only happen if bitcoin's price continues to rise and people stay interested in it--both of which I think are probable.  Then we'll probably see more merchants start to offer bitcoin as a method of payment. 

The real question I have is whether more people are going to start buying bitcoin either as an investment or to spend--and I've had that doubt lingering in my mind ever since I got into crypto.  Fiat would have to become seriously devalued for that to happen, and I don't think that's going to happen worldwide.  Even in Venezuela, where their fiat is worthless, they're just using US dollars more so than bitcoin.  But I'm still optimistic.  Adoption will happen eventually.

Not really the area you have mentioned. Adoption is already going on in your area and mine too. We are both making use of cryptocurrency either in exchange for fiat or holding it as investment, that is adoption.

If you are talking of government making a statement on it, it is going to take legislation and that might not happen generally or not now.

I don't think so. These days, the number of people who is aware of Bitcoin is quite crowded, and they really want a new change. Hence, there is no reason for all of us to ignore such a good chance to invest like this. As we all know that it takes for granted that investing in bitcoin or other cryptocurrencies are both risky investment, but most of us are fond of investing it, that shows bitcoin attraction. If the adoption happens, it probably a common hope of many people.

I'm going to sound like a broken record but adoption will not happen out of the blue.

We need ease of use, cryptos in all its glitz and glory are still beyond most 90-year-old grandmas. Until that happens you won't be able to lure in the people that really have money to use this tech.

Once that's taken care of we need a need of use. You can't expect people to ditch fiat and go all in on crypto without a proper reason for them to do so. However, the upcoming recession might provide the perfect "reason" .. beyond that new marketplaces would also push the adoption.

Then, we need a stable-er price. Sure, stablecoins exist, but stable coins are never going to be the reason why people join the 'crypto revolution'.

Finally, we need to create an ecosystem where no one needs to 'cash out' to fiat. The moment you do that, you're beating the purpose of Bitcoin as a functional currency.

There are many more technical reasons but I think for the purpose of this thread, this should be the focus of discussion.

Lately I've been asking partners if they want to deal in Bitcoin.

One of them has agreed. We still haven't closed the deal, but it's likely going to be a contract (paper contract) based on Bitcoin.

If every online pro starts proposing in Bitcoin, widespread adoption might happen faster than we estimate.

I think will happen over time in all countries, and will start on countries with good economies, and only after will be crypto adopted on poor countries.

From my understanding of how Bitcoin was built, it doesn't need the approval of countries. It a value or currency that is meant to be used in peer-to-peer manner.

 If you need to buy something from a local seller, just convince him/her to accept Bitcoin if he/she hasn't already done so.  He could easily exchange it for fiat or keep it in his wallet.

There are different aspects to look at regarding adoption. One question was raised by you. It's a question of adoption by whom. I think that developed countries are less motivated to adopt Bitcoin, since they already have everything pretty much okay, and they believe in their fiat. Countries with bad economies, on the other hand, drive people to go for cryptos, because they don't have much to risk anyway. So I think it's gonna be poor countries first, but now on official level and not by dictators. This is a way out for people.
Another question is how Bitcoin will be adopted. It can attract people who need alternatives to fiat. It also attracts companies that want to utilize blockchain in narrow range of operations. It also also of interest to traders of all sorts. I think we'll see a mess of adoption in various ways by various people and entities. I hope that the adoption of Bitcoin as money will be the main drive, though.

I think with the fact that Ohio state is accepting bitcoin payments for tax we can safely assume that the adoption is getting bigger and bigger in developed countries much faster because of the population and interest over those parts. But, if you look at it % of the wealth and so forth on other countries you will see that the % is bigger in underdeveloped countries.

So, when you look at it the totals are bigger in developed countries because even with less interest the amount is bigger but at underdeveloped countries even with higher interest it is definitely harder to reach those develop countries totals that is why I do not think we can really compare the two together, one is bigger already so their impact is bigger and the other is small so no matter what their impact is small as well.

We take the example of how crypto first appeared not too much business with the government because it always wanted to maintain the authenticity of the crypto concept itself, which is decentralization, but still can attract many investors or institutions to always adopt widely without having to intervene much from the government but to now it is indeed a good thing for the government to implement it to be able to promote widely and more broadly, the most worrying is where the government takes too much profit from crypto so that it can make everyone or anything feel disadvantaged, many worries for most people but like this I think that doesn't matter much because adoption always comes by itself.

Like what they have said it already started but it is on a different phase on different countries. It may not be synchronized as expected because we all know we have different laws and point on views on the matter but it is happening and its invebitable to happen. As most of the governments already think that adjusting for the crypto industry is a better way rather than eliminating it like what has been done in the past. For countries who have been against it the only thing that can change their mind is for them to see that ghey are left out compared to countries who have benefoted from it.

Sorry if I didn't made my statement clear enough for you but I'm saying this for the ones who have adopted cryptocurrencies and I'm not saying that all developing countries have adopted it already. Countries like Malta, Estonia, Bostwana, Nigeria, and Philippines have take the first bold steps when it comes to crypto-related and blockchain-related investments pouring into their country. Yes some developing countries are still reluctants as the developed ones but governments have different views on where they want their country to go through and I'm lucky enough that I'm not a citizen of any of this countries.

This is just now when government is not giving any statement about it but at some places we are going to see crypto currency as legal one, more new countries are now accepting and adopting digital currency, if we will keep talking and we will discuss about the digital currency with people I am sure they will accept it and more adoption will happen in market.

One of the biggest triggers for Bitcoin adoption is the failure of old traditional payment methods like Fiat / PayPal etc. We saw what happened in Zimbabwe and some other 3rd world countries, when their fiat currencies failed, they all started to use other currencies. <Rand / Dollar etc.>

Well, if more fiat currencies start to fail all over the world, real Bitcoin adoption will be triggered and you will see a growth in Bitcoin adoption, the like we have never seen before.  ;) <Examples - Greece & Venezuela>  ;)

Just imagine what will happen when one of the 1st world currencies fails.  :o

None either.

So when it will happen? When it will start?

It needs time. It can take several years or even by deceade. Adoption can't be achieved within a short period of time even big countries started to accept the idea of using crypto. Look at the status of adoption today, big countries already started to hug cryptocurrency but still not all countries follow.

But look at the bright side, slowly, there are "progress", there are "increase", there are "changes" etc.

Bottom line, just go with the flow. You just didn't noticed it but adoption is increasing.

It's already started. We are now on the process.

I think the most adoption will always happened when the situation is very critical the people thinking it will be the chances of getting the successful way because the opportunity will not been came for anyone again and again so take it serious and made the chances in always been like this.

Mainstream adoption will not happen suddenly nor over night, because of fact that worldwide adoption of any new technology is complex and long term process.
We live in time where adoption spreads fairly faster than before, so blockchain adoption will happen earlier than most people think.
Take a look at this graph.
https://lunarmobiscuit.com/wp-content/uploads/2017/12/adoption-rates.png

I think when the market condition was very low the investors are trying to do it mostly because the profit is always make a person to change his strategy and made a mindset like this especially this type of situation will always been the chances of taking the opportunity to adopt everything.

Your first point about the poor countries and their dictators; no they're not doing that. Most importantly if they really do care about the technology's adoption, they would've been a better country than being poor.

Your second point about the SEC and ETF acceptance of proposals, I don't think so as well. Everything is needed to be in compliance with existing laws and regulations. Testings and such of the products shall be conducted as well. Plus Anti Money Laundering Laws should be properly observed too.

The adoption shall be initiated by the banks or The World Bank. Coz its a currency and currency shall be regulated by the each country's central bank comes next is the SEC for the trading regulation.

Yeah, as long as there is an internet connection and we can connect to the blockchain network, every people can use bitcoin, and if there are many people in out there use bitcoin, then the adoption will happen.
Bitcoin adoption still in the process and right now, it still running in many places but we don't know how many people exactly have used bitcoin until now. We could only know by watching the transaction process in the blockchain.
From this year, people are trying to know more about bitcoin because bitcoin has spread in many websites. People are reading so many advertising about bitcoin and cryptocurrency, and I think they still searching what bitcoin is.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

Third world country will adopt it first. That is what I believe in but just my opinion though.

It is Japan which started the adoption first and no one step up afterwards. But still that is something else.

Did anyone ever thought of that to happen?
We know Japan is already a country which is one of the richest specially with their technology but I did not expect also they will embrace crypto currency like bitcoin.

It will start upon the approval of the government like the ETF application.
This adoption is going to be global but it has to start in big countries as eventually small countries will follow.
We need some regulation that are friendly and that will protect more the users than the businesses that will adopt it, then we can use it like a normal payment system.

There will no such thing that adoption will happen in a day or two. It will take a lot of time. We will first see small adoptions and with the passage of time few big investors / Companies will also jump into it. When this trend will increase, then we will see a massive adaption and everyone will be willing to accept crypto currencies.

from what i understand adoption means when someone are gaining interest on crypto . for example joe is not a crypto enthusiast before but he sudenly change his mind . he now buys a crypto  . that is adoption and that can happen every day  .  small or large  , 1 person or group of people all of them are consider as an adoption if they will join the movement  .

It can start anywhere and its already happening in more countries. There's no poor countries, they are developing now but in terms of dictatorship I believe it will be hard for them to adopt especially if the government will not benefit on this market. USA is the main focus of this market, we believe that if the ETF  approved by SEC the price will start to grow again. Many countries in Europe have a big influence in other countries, adoption will happen slowly, and more countries will make sure that cryptocurrency will help them a lot.

We need proper time, young folks including us the early adopter are expanding in knowledge about crypto currecncies and the technology behind it. It cab happen anywhere in world, it's either Rich countries or Poor countries just as long as we have our new generations ready to be educated. Credible students are most likely would understand first how this goes and later on, the less IQ students will just follow. So we need the new generations to understand, whey new? Because old folks are hard as stone in understanding and are already retired of understanding this kinds of technology. So mass adoption will happen later on when new sprouts get older and we at that time must have been relaxing at some kind of quiet place or beach or any where around the world. Well if you would hold BTC for that time around.

Legalization and regulation will open many doors for mass adoption, but in my opinion large-scale adoption will occur if the era of advanced technology has occurred, if many people have been connected to the internet. but adoption can begin with regulation first

of course if a country wants to be advanced, the government must keep up with the times, like in my country where cryptocurrency will be included in the stock exchange, so that there will be more adoption if all countries do the same

Usually adoption is meant to start from the stronger nations and pass it down to the weaker ones, but unfortunately, I think reverse is the case with what I have seen so far, so many nations that I have seen adopting cryptocurrency are even the smaller ones, some of them have even regulated it.

It’s a good thing too that its being recognized gradually, just that the influence it will have on the whole world when it is being adopted by stronger nations like USA and others will higher and faster than that of the weaker ones. We really need to get these large nations into adopting cryptocurrency, so that the awareness across the world can be as fast as possible.

Those two are easier ways up to main stream adoption but might kill few of decentralization characteristics too. Hence, slow and steady adoptions along with appropriate infrastructures developments alone will ensure decentralization while achieving main stream adoptions.

Bitcoin will be regulated and that's good for the market, big countries are more concern since people who are using this technology are coming from a country which are also advance in development. We cannot prevent this from happening, bitcoin already caught their attention, maybe some countries are banning crypto but later they'll understand that this technology is an evolution and very useful for all of us.

 :o

I am very difficult to understand: how will it be possible to have mass adoption from poor countries? I do not know if you do not know, but in poor countries like mine, until someone eats 3 meals a day and in 30 consecutive days is a great achievement, people from poor countries have difficulties paying for electricity and water. Do you think that if they have difficulties in eating right, in paying for electricity and water will they be able to buy bitcoin? these people will not be able to buy bitcoin.


With a dictatorship, nothing is done.


maybe, but it can also start with some other rich country

Adoption will be hardest in USA that currently hod word reserve currency and in China that hopes to grab World reserve currency from USA.   In other countries will be much less opposition. Specially in European countries that gave up their national currency fro Euro already. So this could be answer for you. Europe will lead the adoption. Central Europe, home of Austrian school of economics.

I think that adaptation will start not from the USA but the other developed countries, i mean there were news about allowing people to pay taxes with bitcoin in Canada and in Germany and many European countries bitcoin has become accepted, it is not widely accepted but it is slowly making its way into every shop big or small as a payment system, and also the same is happening in many Asian countries like Japan and South Korea, and in time bitcoin and crypto will become a strong part in our economic system, and with those accepting it surely the others countries will follow them as well.

In poor countries there are very few users who can reach Cryptocurrency. Most investors are in the upper class so I don't think this will bring many benefits to poor countries. Especially in my country is a developing country but the number of people using smartphone is very low, so very few people know Crypto.

Adoption wont really dont matter on what country would be accepted either to those poor or powerful ones.It would always depend on the government that do handle that place.

If they do have some glimpse of recognition of adoption then its a good sign but if they do always care about security and doesnt like any more things that do relate with crime then most

likely they will surely block it.Each country do have its own corresponding decisions.

The recession coming to the world is not just for poor countries with under developed economy, but also for countries that have already built there country to a global standard, once this recession begins, they will start to look for alternatives that can help grow the economy again since the current fiat system will now become useless to them and bitcoin will be the only saving grace when that time comes, this would be the beginning of mass adoption in the crypto space and the demand for bitcoin will drive the price of the coin so high.

If we want adoption you need a way to make the whole process simple for people.
Credit cards worked because people like how its easier to just swipe a card rather then think about what bills to hand over.
Bitcoin needs that its almost there with the phone instead of carrying a wallet you just carry your phone.
But the apps require to much it needs to be even easier for basic users

I don't think that the SEC approving the ETF will have anything to do with adoption.

After all, ETFs are going to be used by mainly institutions (and some retail investors, but they're not the primary benefactors), and will not really benefit the network in any tangible way.

What I think will spark the most adoption is in certain countries in which fiat currencies are unstable, and they actually have a need to seek alternative forms of store of value in order to preserve their wealth - not institutionalised derivatives. That'll get adoption from the grassroots level.

Bitcoin is a smart media which generally makes it easier for humans to complete various transactions that they do, from the start, bitcoin was created specifically to correct deficiencies which exist in fiat currencies. Unfortunately, when this currency peaked in 2017, a hard ban made by the government was put in place by most countries. As a result of these actions, finally has paralyzed most of the public interest to adopt cryptocurrency. If based on the case it seems likely that massive adoption will not occur, before the government legalizes cryptocurrency.

I think that in order for a mass adoption to happen for cryptocurrencies, there will need to first be a mass adaptation by parliament and or governmental bodies.
    As of right now, even though crypto is becoming wildly popular, it still hasn't gained enough momentum to reach the regular Joe, you know, the average citizen who may not exactly be technically inclined, like grandma, grandpa or children.
  The user interface for most crypto related things aren't necessarily "user friendly".

Adoption happen started in online store or merchant. If want adoptin in offline merchant, need government regulation and i think its need more time. Its more easier for online merchant to receive crypto and i am believe this will happen in near future

What regulation that you mean? Because almost all countries has been regulating bitcoin although there are a countries which ban bitcoin, there are a countries who neutral to bitcoin and there are a countries who accept bitcoin and manage/set bitcoin to use anything such as payment system, trading place or investment place. So, the regulation to bitcoin has been done by all countries. And we can see the point view of them to bitcoin and I assume for the countries who has been developed they tend to use bitcoin and set bitcoin. But for the developing countries they tend to ban bitcoin or they tend to neutral to bitcoin which mean they still find a good solutions to regulate it.

It will happen soon because many governments already think about crypto and once they approved crypto as an alternative currency for payment methods, we will see crypto will grow, and the adoption will start fast.
Right now, we see adoption is already happening in any country. Many people now realize that crypto can be a solution for the payment transaction and they see that the crypto can give a new way to make money too.

The country which is crypto friendly where the adoption will happen much faster  so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.

IMO, it will going to start in the USA with ETF and SEC approval.
As the USA started to totally adopt bitcoin for real and we all know that the USA is the most powerful country around the world then probably other countries will going to follow and also adopt this kind of technology. Nothing is impossible if one country will prove how amazing this cryptocurrency is.

Japan and Singapore already enjoying the benefits of this system, catering and supporting the chain, I also read somewhere that Thailand also
join in and accept bitcoin transactions, things will happen we don't need to rush things up as long as we are witnessing progress and more people's
interest, this coming generations will enjoy what this industry has to offer.

I believe the mass adoption of crypto in poor countries would be difficult in the present situation, as a large portion of the population don't have access to computer or internet. The rich countries have to take the initiative first, they can help the other poor countries to adopt it.

Well, personally I don't think there is one cut and dry answer to this. I know for a fact that technologically, blockchain is advancing in all areas, just like AI and VR. So that alone will bring the tech to everyone, even if they actually don't realize it. It will be more subtle than say the Internet is. On the other hand, cryptocurrency will be more widely used all over the World for a variety of reasons. For example. Countries like Dubai are going full throttle in supporting the Blockchain and will be the first government to run on it. They are also going to make their electronic dirham and now you can buy houses and properties in Dubai with Bitcoin as if they were hotcakes. In other countries, like emerging African States, the mobile technology will kickstart there the use of crypto, due to new infrastructure being rolled out on the mobile app level. In more developed countries, you will see legislation being rolled out to allow big capital to enter the crypto market first before they pimp it to the Masses.

Indeed, most advance country already accept crypto as payment and recognize crypto as investment or digital asset. I am believe in near future, more country will follow this step because government must be need more tax income. Its about technology and i think government can not prohibit or ban technology

i think asia will be center of blockchain technology, thailand use for election, japan use for payment and china processor, korea use bitcoin for crowdfunding like binancec coin etc.
i dont think bitcoin ETF will be good for blockchain comuntiy, we need distributed, we need real decentralization.

I honestly believed that adoption is increasing is something that is only doable in bulk and not slowly. Just to give an example japan allowed one of the prepaid card operators to be filled with bitcoin and that prepaid card was used in 260+ thousand places in all of japan, that means all of a sudden the adoption increased.

If you are looking for adoption to happen store by store than you are going to wait a lot but if we can manage to do what japan did in USA and UK and many more bigger countries like that and allow some sort of way that people could spend bitcoin even if receiver just receives fiat for it than we can increase the adoption by tenfold overnight. All we need is a system where people could fill their wallets with bitcoin and spend anywhere they want.

Crypto currency was created by using advances in time and of course it was to meet the development of the times in the economic field and of course as time and technology developed developing countries will adopt an economic system that is used crypto currency

especially in this type of situation will be suitable for a mass production because when the situation of and currency was reduced erection will be happened and I think it will be happening suddenly without any expectation.

the bitcoin will always be useful, I see that many citizens of venezuela have made valuable reserves to live, now I do not know on what other occasions bitcoin can help! I believe there are many!

Indeed  . adopting crypto is a long process because it needs government permission , they will need some time to think or to decide if they will accept the use of cryptos or not because cryptos is just risky since it is decentralized and not fully controllable  . fraudster may use it to do thier shady doings  .  this what the governments are concern . they know the usefulness of crypto but they also know the darkside of using a crypto  .

That will gonna happen after they start learning and understanding the potential of this market, as people will realize the possible valuations of crypto
after they manage to have interest with the chain, adoptions will follow for sure as many government institutions who's not that close minded for new
innovations will start catering crypto.

We need to be positive and wait for what the future will bring us, keep in mind that whenever system do exist it will keep on trying to be well adopted.

it will take place when the SEC or ETF approves bitcoin. when the ETF accepted the BTC, they certainly had a plan and solution to manage the amount of transactions and to avoid whales manipulating prices.
The SEC will also have easier control.

It's depend on many things such as infrastructures, government policy, geography of the country, even demographic condition is matter. The adoption will be easier to start if the country has good infrastructures to support the use of bitcoin, even it's not will be happen without permit from the government, country like Africa is good for bitcoin because it's geographical condition made it difficult to build many bank building so it is good for them to use bitcoin, most of bitcoin will be used by young people if the country has so many young people then the adoption will be faster rather than country which has a little amount of young people.

Yes, adoption takes place every day but we need to do more so that there can be a large scale of adoption, we don’t need one or two persons daily, we are so much in population that we really need to have massive adoption done on a daily basis. Massive adoption is what can make cryptocurrency quickly become very popular worldwide and I think this can only happen when big countries like USA pronounce its support for it first, if big countries don’t pronounce their support, all we might still be getting are these little adoptions.

I think bitcoin will creep up to be used, trickling itself into the economy, as opposed to a big boom like you suggested.
It will slowly gain more users, and these users will collect bitcoin as a store of value, and spend whatever coin they think is worth to spend to buy things. So, as the old saying goes, bitcoin is like the earth, and all the other coins or tokens are like the seeds.

Just like what you are referring to when Bitcoin was release through the ETF (SEC), there will be many countries claiming to accept and support Bitcoin and Cryptocurrency development. Many countries are seeking access to Bitcoin, but it has not received and approved by an international organization, so the governments of these countries are waiting for Bitcoin to approve the draft ETF.

In my opinion, anyone can adopt it and I strongly agree that poor countries will convert it because they can make these countries better than before.
And maybe the SEC and ETF will start in the US or take a long time. moreover, we have used technology, maybe we will be faster than the US.

There will be a point when bitcoin is so widely used that places like Amazon and Ebay will be forced to accept it or they will lose out on a lot of potential customers.  The biggest obstacle to full adoption is scalability but hopefully lightning network will be able to put those fears to rest.

Gold is very cheap right now because the futures market lowered their prices and the same futures market is lowering bitcoin prices. Lowering prices decreases the public's interest in bitcoin because let's be honest, everyone is interested in becoming rich!
You know how they say bitcoin is rat poison? I think futures are rat poison against adoption because you do not have to purchase real bitcoin, they are mostly cash settled.

Pride will take place.
Rich countries will not adopt it. Why? It will be like stepping in their own fiat currency. Who wants people to have freedom in their monetary system?
Government wont let that happen. Better to just use gold instead of using crypto currencies with so much privacy.

Who will push this kind of act though. It must go through lots of paperwork, orders and constitutions. It will be a hard fight. Let us just be happy Japan made it happen and hope they will try to absorb it too.

Interesting to see how far bitcoin had been adopted and I wonder where are we right now:)  But one thing for sure adoption does not start with the option given by OP.  It starts within the people that believes on the technology.  It starts with the so called innovators then from them it spreads out through their hard effort.  Countries and government leaders and institution simply follows since they tend to push away anything they do not understand or does not goes with their standards.

It will but they will be find themselves being left behind.



Some are already welcoming Bitcoin and blockchain technology
https://news.bitcoin.com/worlds-top-10-bitcoin-friendly-countries/


It seems they took noticed and wanted to regulate it just to have the pie of the profit :P.  In this case they will let it operate.
https://blockonomi.com/bitcoin-regulation/


Government representatives that believes in Technology

https://www.coindesk.com/7-politicians-in-support-of-bitcoin-and-blockchain-tech

It is not the stability we meant to be the problem of its adoption but for us who we're the one to adopt the system. We we think positive to this market and feels that it could help us in the future, then we can be sure that it will be easy for us to the switch into crypto. But somehow, we have that negatives in our mind and could bring us trouble.

Adoption will happen whether you like it or not. It might begin with the big abd developed countries because they have already utilized the technology as well as cryptocurrency. However, it will become hard for the poor countries to adopt it because of the limited knowledge when it comes in technology. That is why globalization creates an endless development in every countries.

Good example, those businesses will be aware that if time comes and the mainstream societies start to use this chain they will fully need to start using this system, no matter what adoptions will happen and will provide good outcome for those who invested time and money.

i dont think that adoption will start from poor countries. because poor countries do not have enough opportunity to check learn and use the blockchain technology. I think the first adoptions will be started from developped countries.

It's not going to happen anytime soon, the SEC won't pass it anyway. But don't worry, adoption is almost here, I myself do almost over 50 percent of my spending in crypto each month, so I assume as soon more business will accept crypto, the adoption will happen in a maximum growth rate.

Innovators are pretty scattered through out the world  so I guess the idea that adoption starts only in rich country is a moot.  To better see things towards adoption, we need to know the stages of adoption.  In this article it clearly defines the techological adoption stages :
https://ondigitalmarketing.com/learn/odm/foundations/5-customer-segments-technology-adoption/
A better look at it in slide form:
https://www.slideshare.net/jsc5225/technology-adoption-lifecycle

https://www.unblock.news/assets/uploads/images/brian_armstrong1.jpg
Retrieved from unblock.news

That's the statement of Coinbase CEO, Brian Armstrong, when asked by one of his Twitter follower on how mass adoption can happen.
The three factors as seen on the image are explained, as follows:
•Scalability - The problem here, according to Armstrong, is the amount of transaction it can handle at present. Crypto can only process 5 to 10 transactions per second, compared to Visa which can hold 500 to 5,000 transactions per second. But there are experts who are already making their way to come up with a solution. One of which is Lightning Company.
•Usability - Cryptocurrency still need lots of adjustment and his advice is to male transactions in crypto simpler than others.
•Volatility - We are all aware of this one. And this hindrances people to completely indulge in crypto. If crypto is the currency of the future, then its volatility must be reduced.

---

Source: Abbey Despabiladeras, www.unblock.news/popular/improved-scalability-usability-and-volatility-key-to-mass-adoption-says-armstrong

If Ebay and Amazon accept it as a payment currency this makes the number of Bitcoin users increase. But the Bitcoin system will become overloaded because of the large number of transactions. I hope to have a company that extends internal payment support services associated with these online buying and selling websites. But what we need right now is Bitcoin through ETF.

There is a possibility for Ebay and Amazon to accept cryptocurrency, since a company from Japan, Rakuten, had started accepting registrants for its new cryptocurrency exchange.

https://www.forbes.com/sites/billybambrough/2019/04/18/amazon-rival-rakuten-is-jumping-into-bitcoin-and-crypto-is-amazon-next/#6e9d5aa99442

If Amazon sees that Rakuten is doing well with its new venture with cryptocurrency, then there is no doubt they will think to follow them.

It is only going to start if major countries start adopting it as mainstream currency and legalize it or regulate it. Only then these people will start to use it and following the same culture many small countries will come forward to use crypto as payment means and only then we can come to the mass adoption phase. Because things that start from small countries don't generally last long.

When a country's government does not fully recognize and support the existence of Bitcoin, then it will limit everyone to use this technology, therefore the mass adoption of Bitcoin will start from countries that fully support the existence of this digital currency technology, because this will facilitate the use of Bitcoin in the country.

Few countries have already adapted bitcoins and many are in the process of doing so. Those countries who do not make legalize bitcoin will remain backwards as the future is of bitcoins.

That's probably one of the reasons why Ebay and Amazon didn't already accepted bitcoin as a payment method. I am sure someone is working to solve this problem, most recently with Lightning Network so we shall have see this big companies like Amazon accepting bitcoin in the next coming years.

Japan is one of the few countries who openly legalized bitcoin in their country. Other countries will soon adopt bitcoins and crypto.

Mass adoption will take place in developed countries, with current technological advancement, such countries are U.S.A, China, Japan, and most of the major developed countries, because of the relevance of CRYPTO to the global word, the adoption rate will increase and later flow to developing countries.

Cryptocurrency is already legal in almost all of the countries worldwide and we should thank the government for it. Adoption is easier this way. I guess we need Japan to start the production of this gadgets and technologies who supports the crypto transaction because we cant rely on China in this matter.

Ironically a lot of the adoption potential comes from people who are disillusioned with their country's economy, the relatively high technological environment just makes it easier for people to find ways that they can truly voice and act on their displeasure with the current environment. Bitcoin is another means of realizing that malcontent and finding a way to "escape" from their situation.

Luckily, the countries of the US, China, among others, have a more than eager population who dislikes their country's situation and wants to find some rebellious means of acting. That will be the way Bitcoin is adopted. But if Bitcoin doesn't continue to appeal to that crowd, or the community fails to innovate in a way that encourages "normal" people to get involved, then it won't be adopted in the way everyone wants it to.

The adoption of cryptocurrency is already underway. But do not expect it to happen all at once. There is still a lot of skepticism about this, even at the state level. And I think that adoption should quickly occur in economically developed countries, as there are a large number of economic and technical prerequisites for this.

I agree, a large adoption will occur if the government accepts cryptocurrency, so that there are clear laws and generate trust in the people. hopefully this year there will be a big change

USA has a fairly high influence, I think for adoption it might be with the SEC, from what I see the development of adoption in developing countries is much faster, maybe because of problems or shortages in terms of financial transactions, they tend to see cryptocurrency as their solution to overcome these shortcomings.

I believe that adoption of the blockchain technology would start from sec and then the public.
The way things are going in cryptosphere with regards to the sec, I think the sec has overwhelming influence over blockchain.

No SEC is going to bring the mass adoption of the blockchain technology.
It is going to start if companies and large organizations will start using this advancement and the benefits of it will start being shown in the real economy. Then, lobbies are going to push for mass adoption and bring the new trend of cryptocurrencies and blockchain into effect.

Adoption will start from individuals who truely believes in cryptocurrency. Each one of us who's believe in what cryptocurrency can bring to the table adopts in it's technology and it's a no question on how it will happen because it already happened in each and every one of us.

 
 The acknowledgement of taking crypto to be widely open around the world is difficult to visionize, due of some countries does not shown interest to learn its fundamentals. But some country widely adopt crypto as it had been developed promising and interesting on which pleading a viable conclusion fund. Maybe it takes more time before it will launch widely open nationwide and take it illicitly without doubt of the governments.

SEC already know that they have no authority over cryptocurrency, and whether they pass it or not, people will continue to use cryptocurrency for one or two of their transactions, just like you and myself.

 I receive some payments through crypto, I send some and some of my received money are stored in my crypto wallet and not bank, although I only store my money in only Bitcoin wallet because I cannot trust any other wallet out there with my work income and very soon, once many companies adopt cryptocurrency, they might start paying their staff too in crypto, making everyone belong to this community and Sec will have no choice than to surrender.

https://ik.imagekit.io/imageopti/wp-content/uploads/2019/01/Percentage-Of-People-That-Own-Cryptocurrency.jpg
Numbers now are higher than they were when I started, there were some discussions about it, as I remember in 2015 something between 1% and 3% were involved in cryptocurrencies. After 2107 situations is different, hype from that year brought many new people in crypto. What we can expect? Numbers will continue to rise until they hit 100%, and that will happen in future, when exactly, some rough prediction would be 20+ years from now.

I think people who wait for gradual adoption is going to wait for a lot, we have to really make it happen very quickly with a method that is so quick it should be instant. For example like a paper money type of bitcoin where the money is literally in it and you can do like a QR code reading or something. Or a mobile app that will help everyone move money around so commonly and connected to all banks in the world via something.

I don't know which coin or which app would do it but when that happens we will get away with soooo much adoption. It is really not that common that people can wait for years and years to get the adoption rate high, eventually they are going to get bored with it, so we need to get it really fast.

Till date majority of people have begun to use bitcoin through the word of mouth spreading. This when gets an further spreading automatically as a chained process it keeps growing further. Mass adoption happens when country's accept bitcoin usage with legal support similar to the one that happened with Japan. As more Marketplaces have begun to accept bitcoin same as fiat can expect good level of adoption to continue.

more merchants or marketplace start acceptiong bitcoin as payment gateway and government legalize it adoption will started.at this time now its already started, some countries review about advantages and disadvantages if they legalize it.

it will happen in near future.we have to optimistic this thing could happen to bitcoin or other cryptocurrency.blockchain was technology that will bring massive changes and we need it.

My pick is it is going to start in the USA with their SEC and ETF and everything, we all know that the US is a superpower anything they do will have an impact in the economy of other countries if they begin adoption of Cryptocurrency, other will just point, if this is legal in the US why not here, and so adoption begins in the US.

The US has influence on other countries in the world. with the start of the US adopting bitcoin, it will certainly accelerate mass adoption. and of course here the role of government from each country is very influential

Adoption has been happening already as cryptocurrency is slowly gaining popularity over the years now. Total adoption, on the other hand, is yet to take place. For it to be able to reach that level of ubiquity, the government and its regulations should be involved. Why? trust issues. I don't think the rest of the world would be willing to invest in something that is extremely volatile. If the government and banks give their full support, there is a mighty good chance for this event to happen.

for mass adoption does require support from the government. because not a few investors are questioning legality. of course, because we live under a law made by the government, with this legalization, large investors are more comfortable investing and using it

It doesn’t end with us, there are still so many people that are yet in the loop, in fact, we still have at least 75% of the world’s population that are literate, yet to get the awareness of bitcoin, and not to talk about adopting it. So, we should not think that because we know it, assumes other do too.

If we really want the adoption to be wide, we need to do more than what we are doing now, we need to use every means and tools we all have as a believer to create the awareness, so that the adoption can spread even without the intervention or enforcement by the government who believes in crypto currency. Through us, the government will be forced to adopt it too.

The moment government adopt the blockchain technology, I am sure they will start thinking of how to regulate it, I know that many of us believe that cryptocurrency cannot be regulated, they might not be able to regulate it directly but a system will still be created that will make it a partial centralized system.

With time, adoption rate will gradually grow to its peak, just that it will take time and not be as fast as government influence on it, but I know that sooner or later, they will also buy into the idea and see the reason to rely on cryptocurrency just like I heard that some countries are already doing so, top countries like USA who would always want to stay on top as the Giant of the world will not watch smaller countries take advantage of the TC before them.

If you mean to say when the adoption of cryptocurrency would be then i guess it would start in the advanced countries like China, USA, Japan etc. These countries have the best of system in place to enable the use of cryptocurrencies as a currency for buying goods and paying for services.

Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.

It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto.
With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users.

Nobody knows anything about it, and you still know that there are lots of countries that have banned it. And when government notices that a lot of people are opting for crypto instead, they might decide to block their citizens from making use of it. Bank is part of government and they wouldn't like to see cryptocurrency take more of the population than the banks. This is just I what I think. But let's just see how it's going to work out though.

I agree.If we continue to make good promotion for bitcoin them we might come up with mass adoption in the future.Mass adoption should be more realistic if we can see larger countries first legalized the usage of bitcoin so that small countries or the poor countries will likely to imitate what had larger countries had developed.

Crypto adoption has already started with countries like India, Germany, South Korea, Canada etc. Russia is yet to review its decision on authorizing crypto. From the way crypto is emerging strongly, in the near future about 50%  of countries around the globe will adopt and authorize cryptocurrency.

definitely I will not reply and suddenly it will happening to order something was not valuable and make the demand for that this is a thing mostly that options are going to be get valuable at the future.

US already legalize bitcoin in their country, isnt it ?? I think that it takes adoption agencies like SEC, where those agencies have
a big impact on many investors, of course there will be a lot of adoption if the legalization is echoed by agencies like that.

Don't know don't know. As it was already said poor countries ruled by dictators, which represent elite of the country as well. For such people it's better to the most of people stay poor and powerless, also they protect their circle and the way of life carefully. Also national currency and it's use feeds the top of the ruling group, so the adoption of crypto may ruin the way of life and probably such things will never happen.
Honestly, I doubt that any country will be brave enough to adopt crypto totally. Maybe it will never happen.

These advance countries are what will really speed up the adoption rate but I am not that happy about the news that I am getting from the country I expected to wholeheartedly receive it because of their great technology, which is China, I even heard that they are planning to ban mining activities in China, I do not know the reason for this because they are the one that benefits more from the cryptocurrency.

I am sure that USA with time see the light in cryptocurrency and adopt it and probably encourage other advanced countries too to look into it and adopt this system.

Massive adoption is being done now a day, we should try to make our life easy which is only possible with bitcoin investment, as days passing more people are accepting and investing in bitcoin, dump has given us chance to be a apart of the market and we will grab the chance to buy low price, the more we buy the more price rises.

I think the second option would be the most acceptable for adoption.In poor countries, there is no food and water and it is unlikely that cryptocurrencies will be able to somehow provide them with a decent life.Yet all innovations are offered by developed countries.

It will start with the people who have a vast knowledge about cryptocurrency but social media is the powerful tool that we ever had these days and people will learn faster about the cryptocurrency. So it is either through social media or from the people who have complete knowledge about cryptocurrency.

when dictator can handle them fiat to flow up economic country, first he find bitcoin to take and repair they country with poor knowledge then happen, they country still down , cryptocurrency can't do anything, still same before. solution is, he need economyc team with high tech and knowledge crypto dan blockchain and welcome to everyone.

I agree with the people who said scalability is a factor, but unless the transactions are stuck dead, then the scalability factor is not a big thing.
More important is usability and store of value. If people think the value increases, they buy into it.

Bitcoin mass adoption, contrary to popular belief, will not occur by “educating” the public, Instead, this transition will happen naturally as young generations become increasingly familiar and confident in the technology, Africa is tipped to take the lead on natural adoption of bitcoin because it is bitcoin free zone.

It is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come.

Bitcoin is a breakthrough and has become a wild success. However, there can be number of factors that are considered barriers to adoption. Some of the many to mention are price volatility, acceptance of Bitcoin , understanding of Bitcoin and restrictions on the use of Bitcoin. On the other hand, I still believe that there are potential aspects that drive Bitcoin adoption. Education is important to the extent that a developing community can support and grow Bitcoin. Store of value assigned Bitcoin’s reliability and can only achieve wide appeal if Bitcoin volatility remains extremely low. Peer-to-peer trade is also an important use case of Bitcoin in terms of adoption and utility, an exchange which two or more parties can trade without a direct intermediary.

It will adopted by the people from anywhere,well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

Well, education is also part of it, there are so many factors that needs to be combined to create a speedy adoption, yes, as new generations keep getting used to it, the technology will keep growing, but mass adoption can still be achieved in this generation too.

we still have lots of intelligent people that would understand the technique behind blockchain technology, which they need to use and develop it to some extent till they leave it as legacy for the next generation, so we cannot completely rule out this generation too from it, and the easier way to fully adopt it now is for government to generally put interest in it.

not anywhere because not all countries accept cryptos but there is still no assurance that a country that accepts cryptos will be adopted by the people living on it because not all have the guts and the knowledge to buy and embrace cryptos   .


not really  . no matter how the country is developed or no matter how thier knowledgeable thier people are but if the people dont have interest on cryptos  . they still wont take the time to learn cryptos

In my oppinion, general and global adoption will come once governments adopt it and tell people that they have to use it...
until then, adoption will keep rising but it will always be an "alternative" form of money used by some... unfortunately I really doubt that general people will embrace something different unless they have to...
it is called resistance to change (we all have it)... this resistance is natural and undoutebly will be rock solid when it comes to money

I think mostly will from poor countries that have big debt or their fiat is always getting high inflation so that their fiat is not really valuable. Country with a big power would just regulate crypto operation because the govt thinks their fiat is mre avluable than cryptocurrency. My two cents!

All the reasons you mentioned above are all equally strong. The dictator does have absolute power to implement a decree. And if Bitcoin is legalized and used there, then all of its followers will use bitcoin because it is allowed.
No exception with the SEC and ETF, this is also the same where many of the various individuals from around the world look forward to the SEC's decision regarding Bitcoin and crypto ETFs, the decision will later become the basis of regulations and how to play. And this will later cause an explosion of adoption and use.

And the guys, who live in the countries with the poorest economy will need to pass a long way to adopt Bitcoin. Actually, they have not yet solved the simplest problems yet to start using crypto.