I had a serious question from an economics student in my country, and he was intrigued by the news that El Salvador had adopted Bitcoin.

He said: Would it be enough with the current available supply, if all countries adopted Bitcoin as a legal payment like El Salvador did? if enough what is the reason?

As someone who has limited knowledge, of course, I can't answer it scientifically with strong references. So dealing with this exact topic would be invaluable for me to gain enlightenment from those of you who understand more than what I know.

thanks ...

Not really, Lighting network are the proof that Bitcoin really can adapt and makes very cheap transaction fee while Ethereum developers only still promises about it.
Also, theres so many development on Bitcoin, check on its github https://github.com/bitcoin

Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.

Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.

Do you consider Bitcoin(or cryptocurrencies) in general a social movement? If you consider so, social movements need a formal organization to support the movement. Is there a formal organization behind Bitcoin?

Based on this article [1] there're 811 million people worldwide still lack of food, so 6 billion/811 million is $7,39. I don't think with such amount will solve world hunger or even Musk give more money, still it doesn't resolve the cause of world hunger. Lack of skills, poor money management, bad income distribution or lazy are the cause of world hunger. Teach a man to fish, rather than give fish.

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[1] https://www.actionagainsthunger.org/world-hunger-facts-statistics

I believe the decentralized voluntary economy surrounded by bitcoin will make career-seeking bankers fail in the next 10 years.  A new cycle is revolving around problems arising from the main loopholes of banks and governments.  The increasing rate of hyperinflation due to additional problems has created a serious degree of broken links.  Who will be satisfied with banks today?  no and it is clearly used to demonstrate the value and growth of bitcoin.

Bitcoin is legal in most countries, but it is legal as a "commodity" and not legal tender. The reason for this is simple, because the governments of the world are protecting their monopoly on printing fiat currencies. They do not want any "private" currency to replace the fiat currency that they control.

We need to understand that the world economy is artificially kept alive, through the manipulation of local currencies ... the Reserve Banks determine the supply of currencies and they manipulate the value of those currencies.    Why will they allow a competitor that are not controlled by them?

Sometimes we have to compromise. I have a job which pays in fiat. I need that job to pay my mortgage and support my family. That job will not pay me in bitcoin nor in cash, and so I must have a bank account in order to live. If I could self host my own wallet and be paid directly in to it without any third parties as I can with bitcoin, then believe me I would. I have a mortgage, I have insurance, I have utility bills, etc., as does everyone. It is impossible to operate within modern society anonymously. If you want to be completely anonymous, then you have to go live in the woods and scavenge or grow your own food. A bank account is a necessary evil for working within the fiat system. If we ever reach a stage where I can be paid and pay all my bills from my own bitcoin wallet, then I'll be the first one to wave goodbye to my fiat bank.

If the goal is just for tax revenue, maybe it's not too worrying.  But if I pay attention, it seems that there are some countries that are too excessive in implementing regulations for crypto.  Will it not affect crypto in general?  What do you think about that?

That was my first thought, too. But then I remembered that exactly the same discussion took place a few years ago when it came to the integration of Apple Pay and Google Pay. Why should banks do that, it would jeopardize their own business model and cost returns? That was the statement of many at the time. Today, almost every bank has integrated Apple and Google payment options because they had to bow to pressure from customers and the market. It could be the same with Diem, if there is enough acceptance and demand among people.

Most criminals do not understand cryptocurrencies so they prefer cash, this is what makes me optimistic that no financial crimes are deposited into crypto, so the negative issue about crypto being used for illegal transactions is the issue of haters who do not like the development of cryptocurrencies.

It doesn't affect the decentralization of Bitcoin if banks want to buy Bitcoin since we are always our own bank if you have the private keys with you then they have nothing to do with your BTC. I think it's not bad if there's an adoption of Bitcoin to most banks, it's just that not every banks would do the same but as far as the time goes by they will eventually adopt to Bitcoin.

It will help us all in the Bitcoin community since we all needed the adoption as much as we want in order to expand the knowledge of having a crypto especially in Bitcoin. Exchanges doing it somehow makes the other banks aware of the existence of Bitcoin so it's a good thing.

I still understand it this way, CBDC helps the transaction speed, the cost is optimized. The stages of third-party intermediaries are completely reduced, and at the same time, the transaction process is also faster and more convenient. Contributing to the promotion of national economic interests by transactions are done quickly, procurement activities are expanded, and cash flow is more developed. System recovery and security are enhanced by the outstanding features of distributed digital currency. Effectively apply each country's monetary flow policies, with tighter controls on transactions. And recently this term has appeared in popularity, when major countries claim to study CBDC, but those theories need time to be tested because I have not seen any real cases.

Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and  high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.

I don't think it will fail, have you watched the advert? If people ends up finding a new home and new experience using metaverse it will be successful at all costs lol, just because Mark owns Facebook doesn't mean he wants to rule the world, you talked about BTC isn't that a human creation too? Every projects always have a creator

Cat coins can give 1000x only if Elon Musk tweets that he is not a cat lower. But, since he is more like a dog guy - that will never happen. Or take a look on a market. It is full of monkey, bear, snake, bull, bear and other animals related altcoin, and non of if had its price grown multiple times. Only coins with different dog breed names grow or being pumped. And since all this animal altcoin mania slowly loses trends, there is no chance cat coin price grows.

This week the Ethereum price is still running at $4.3K and it's also not too far away for $4.5 to $5K because the general market conditions this week are also not so bad but for the end of the year I'm also still very confident that the market will improve with some changes in it.