what do you think will be the future of this market?

[jonathan6655321]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

[Hydrogen]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

Governments typically cater to the will of those who wield the greatest political influence. Money is correlated with political influence. The more money someone has & the more they're willing to spend it towards funding political campaigns and lobbyist efforts, this grants a person political influence. Owning guns and weapons also gives a person or group political influence. It might be fair to say the reason the united states had the most political influence in the world was due to it having a lot of money, a wealthy economy and having a powerful military.

In asking which policy a government is likely to embrace, the question of which policy is advocated by those who wield the greatest political influence comes into play. If those with the most political influence want bitcoin to be recognized as a currency, that is typically the policy politicians will adopt.

[thejaytiesto]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

The whole value proposition of Bitcoin is that it works even if governments don't recognize it as a currency or as anything. The question is, how high can the price go without government recognition?

I think it can keep going up, but if the government decides to get in too, it would obviously make the price pump like a motherfucker, since most people are drones and need government approval.

There's also the paradox of how if the coin gets government approval, it may mean that it is not disruptive enough.

[Cacingkemi]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

I think the market will last long until bitcoin is gone, obviously already bitcoin will not disappear always a lot of devotees. Nothing has to be changed, if there is something to change it must be real shape. The government only sees the real as gold or paper money.

[patrickj]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

I think the future market of bitcoin will skyrocket to the moon. When time comes, bitcoin community will become popular and many investors will support this kind of business because they will realize the great potential of bitcoin when it comes to fast transaction and security of their money. Someday government will recognize this currency and they will be convince to know much more about bitcoin. Hopefully this will not affects bitcoiner income when it comes to taxes lol 😅🤑

[AleSergio]

The future for cryptocurrency is bright, the goverments will start to recognize it someday, it is just a matter of time

[irwanjabryg]

I was worried, but there were rumors that this was politics. The government should protect freedom and bitcoin is financial freedom.
The government should not be afraid of losing income, because everyone left the bank. This is not fair.

[Jating]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

Only a few government will recognized bitcoin as it is. But most of them are against it because of it decentralized nature. The closest thing we can get is that a government will put a tighter regulations on bitcoin, but not totally adopt as Japan or Australia did. We will have to wait and see, but I seriously doubt that many will follow because the design of bitcoin is that no one can have total control of it, not even government.

[Michhotdog]

I think that for the development of bitcoin is not necessarily the adoption of the government, it is enough not to prohibit its use in the country. He anonymous currency and acceptance can deprive him of such a function.

[Kingofbitcoin12345]

If more citizens on that particular country will used bitcoin and invest on it without doing illegal and criminal acts.. the government will soon recognized it and even support it to be legalized.. The will of the people is what the public officials is always prioritized.. Or if you have high ranking official that you personally knows it is not a bad thing to talked and explained the disadvantages and advantages of bitcoin and what it can help for the country..

[webtricks]

I think that for the development of bitcoin is not necessarily the adoption of the government, it is enough not to prohibit its use in the country. He anonymous currency and acceptance can deprive him of such a function.

I somewhat agree with you. If someone ask me whether you wanna see Bitcoin to be legal or illegal, I would say 'just leave it as it is'.
In almost all countries, governments have check when people trade Bitcoins for fiat currencies. I think this is enough to fulfil governments' concern. It would be good if Bitcoin ecosystem remain out of any kind of regulation either in positive or negative sense.

[btc-facebook]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

Unfortunately , for my government think that bitcoin is a disaster that must not be create since bitcoin can be use for criminal activity which our government is very against of it.
All I can say is when all country already legalize bitcoin , my government may start to change their mind to accept bitcoin as well

[Lucid717]

If we're talking (distant) future, I see it soaring high...  in the 5 digits.

Short/Immediate term though, things aren't looking good at this moment.  I'm actually surprised that it's value is still as high as it is currently.

[Vinalians]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

This can't be use as the national or international currency because there are still so many problems of bitcoin in transaction there is still delay of the funds when you send it, that's is one of the reason why the government can't just approve it as a currency.

[barhavsky]

I think the future of bitcoin is very good because many people are getting interested in using bitcoin as a currency but there are still many systems that need to be fixed from bitcoin to make it easier to use and understand for people new to bitcoin.

[Beerwizzard]

The more I think about it the more unconfidant I am. Generaly everything seems to be fine for me exapt the huge ICO bubble. Sooner or later people will stop mindlessly buying all tokens and that may affect the BTC price (and total market cap of all cryptocurrencies) thru decreasing of ETH demand. That would be harmfull but hopefully not fatal.

[dothebeats]

Volatility would still be there, and many governments would soon regulate bitcoin on the positive side as soon as they get how it works. What we lack right now is true adoption and not just big overnight gains. Price surges is very probable with a large unique user base. If we are having enormous gains with just a few who actually buys, what more if we add up more people into the statistics, right? The future is bright for bitcoin.

[Piesel]

WE do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government. BItcoin and the cryptocurrency are based on the decentralized system and therefore, we can not expect the government to accept it as a tradition currency

[bamboylee]

Some governments are already recognizing bitcoin and cryptocurrency in general. I think the market will be very big in the future. Governments will be forced to accept it and maybe place laws that will make cryptocurrency legal.

[Hui8]

what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

In governments perspective there is no future of bitcoin or virtual currency market because they simply mean nothing to government. It's not very big thing for government because it is itself a big organised authority which has more real responsibility than looking after the assets like bitcoin. The bitcoin is really a limited thing, and if you distribute one bit of it every person on the earth then also it's not sufficient to al of them so there is no real business with it because it doesn't really fit the criteria of fiat reality. Just think on it. Just think if you are government and you have to put bitcoin as currency to be used in economy of reality would it be enough to tackle the demanding supply that we are currently facing. I think no. Not at all.