Bitcoin will get legitimacy in all countries?

[Kelampok ijo]

In England, the Bank of England believes that a crypto currency or virtual currency such as Bitcoin could pose a risk to financial stability in Britain if adopted on a wide scale. This warning is presented in a report on potential economic issues, arising from the spread of digital currency.

Bitcoin is essentially no risk because the scheme of its use is still small. But according to the Bank of England, it can change if Bitcoin grows significantly.

Banks continue to monitor the digital currency and the risks posed. If some people transact exclusively in digital currencies, the Bank's ability to influence the needs of these groups could be disrupted, Bitcoin is unlikely to reduce the Bank's ability to achieve monetary stability. If it can ultimately, in teror- tory, then this can change if pounsterling is abandoned for the sake of an alternative currency for the economy. But such a scenario is considered very unlikely at this time. Nevertheless, the Bank of England does not rule out the technology behind the digital currency can be used for various other things. Not just as a means of payment.

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[deloreswest]

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

i think it will takes a lot time for legitimacy of cryptocurrency. Bitcoin is to volatile for transaction and its the truth that no one could deny. Country such as singapore and japan is the bestplce for crytocurrecy. I  do think we need coin more like tether for good transaction cause they got stable price. Maybe we need regulation that can reduce volatility of cryptocurrency so people could invest and bot afraid and affected by fud.

[if_so_klara_99]

It will definitely face resistance by many, but by the time most countries probably will give it legitimacy.

[yourmomy]

On the contrary, bitcoin will not create inflation, as its limited amount is 21 million. Inflation is obtained only when the currency is issued in unlimited quantities, and then it physically ceases to be valuable. Regarding bitcoin, the countries will be divided into two camps: those who support the cryptocurrency, and those who prohibit it. This can already be traced in our time.

[marcbitcoins]

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

More and more countries are now adapting Bitcoin in which most of these countries are powerful in talking of economy and military that can be a role model for Bitcoin in which even due they are already a rich countries but still they adapt Bitcoin currency investment as they strongly believed that Bitcoin will make their economy to become more strong and stable. With this progress other countries might follow their path and will just adapt Bitcoin investment for good.

[mahibul49]

yes more and more countries are now going to use blockchain and it will help to accept btc too
and btc will be accepted by most countries very soon.

[Ronni]

It is possible for bitcoin to be accepted to all the countries in the world. We all know that bitcoin has a really big impact in a country's currency and also in its success, in this way, they can promote to use bitcoin for easier transactions and also they can use crypto currency where they can control it more and also the citizens can use it more convenient. Anything is possible.

[DoublerHunter]

It is possible for bitcoin to have a legitimacy in all countries but it is not fast as what we expect to happen though. It will take time and a lot of process for bitcoin to become or to attain legitimacy in a country because the countries especially the government are always careful in adapting new types of technology or system for their country.

[ngefek berat]

If a country wishes to inaugurate the existence of bitcoin inevitably the agreement between the government and the population is very important so the future is not too detrimental to anyone and a big hope for bitcoin is to improve the economic system.

[Dudeperfect]

I think it in a reverse way, Bitcoin is just a vehicle that is faster, smarter and better than the traditional fiat infrastructure for transferring monetary values from one point to another. If the government is legalizing it and if our plan goes as per our expectations then it will optimise the economy resulting in the higher output and higher growth rate the international level. It doesn't make any sense to avoid it just because few people are using it in a wrong way. I believe that decentralization is the future and it is a truly democratic way of dealing with each other.

[wiro212]

yes maybe because the bitcoin regulation that can not be overcome by many countries. developing countries will be difficult to make regulations about bitcoin in my opinion, even developed countries some still have doubts about bitcoin. although bitcoin is widely known in many countries but it still raises the government debate.even in my own country there is no clarity about bitcoin regulation. but I believe in the future bitcoin will be known to many people in my country.

[balamuda]

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Maybe in the future the government can realize that bitcoin has many advantages and they want to apply cryptosystem then bitcoin can be legal in all countries.

[Choy13]

I hope it will. Because everyone is waiting for the legitimacy of bitcoin in all countries. Actually some countries has bitcoin itself, it is legalize. But for some other countries we wish that they legitimate the bitcoin for us. It would be so grateful to the users who use bitcoin in their country that it is legalize already.

[batang_bitcoin]

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right?

Inflation isn't the real reason why some countries are not willing and ready to accept and adopt bitcoin on their system. Bitcoin has been popular before in the dark marketplaces so probably that news reached the entire authorities of each countries who are worried about it. But the fact that bitcoin can't only be used that way because it can be use for good too.

Will Bitcoin never get all the legitimacy?

Countries that made bitcoin legal and illegal.

[Ann Impas]

I'm sure many countries is looking on the technology of blockchain. Many countries is very positive about it but the only concern is bitcoin going to be legally accepted by many countries as it can't be basically controlled. I think with proper guidelines in place, bitcoin will provide a better opportunity. 

[Gyromancer]

If it says bitcoin will not get all legitimacy, it is wrong. Proven, some countries have recognized and granted legal status to bitcoin, such as Japan, Russia, Finland, and there are still some more. I think if a country welcomes the presence of bitcoin then the country will actually benefit more. For example, the country's per capita income will increase. However, the state although legalized can still make policy with the law. Such as setting a tax for a value of 1 bitcoin in that country, how much percent. Maybe a country that does not legitimize bitcoin because they're not ready yet. For people who choose transactions with bitcoin will be more prosperous, prosperous, and sufficiency.

[adpinbr]

Hopefully in the next few years bitcoin will gain legitimacy in all countries, though it is impossible for that to happen right now since bitcoin has been banned  from several countries so I don't know if it may be possible, though I really do hope that it may be legitimate in the future.

[efxtrader]

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Inflation happen because central banks always print money to boost economy growth. I think its not right that bitcoin can increase inflation because bitcoin have limited supply. Bitcoin dont approve by government because government can not control bitcoin supply

[trader34]

In my opinion, yes. Maybe not official government approved, but I think you will be able to buy goods with it everywhere in the world in the future 

[Rossy Akbar]

Well,  I mean if you can compare that between the country where bitcoin was acceptable and not it's so much different, there too many country which accept bitcoin than not. So, from those data you can see that only a good country for their economy using bitcoin.