Bitcoin will get legitimacy in all countries?

[mdyeatul]

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?

[Tomb_Goon]

Hi guys

Can Crypto get big enough that it would be used to fund political campaigns and totally influence the way we make decisions in broader aspects of government?

[NABILA AKTER SHILA]

I think Bitcoin will soon get legalized in all countries. Because Bitcoin Bitcoin prices are increasing day by day and its nationwide acceptance and growth is increasing
. The rate at which the price and demand are increasing. Bitcoin reduces the country's economy and reduces the per capita income and unemployment rate of the people of the country. So it can be taken nationwide.

[buternasek]

possible, because the current beliefs bitcoin will increase.
slowly all countries that previously did not accept bitcoin, they may soon be admitting bitcoin and give legitimacy. 

[virendarnagpal]

Bitcoin will not be a source of increased inflation.  Because if countrymen wish to buy bitcoin; they will have to pay the fiat currency of their cournty.  So the fiat currency will be pushed out of the circulation.  So there will be shortage of currency. 
Ultimate effect of decreased currency will be less purchasing power of the people of that particular country.  So with the decrease in purchasing demand of goods and services will decrease ultimately this step will be deflationary not inflationary;
Hope the concept  is clear
Above statement given on the basis that most of the people in most of the countries are buying as instrument of investment not as currency to buy goods and services.

[Rakabel619]

Hello. in my opinion, there are indeed many unknowns about bitcoin and many countries will reject the idea of legalizing bitcoin.

[mlgblockchain]

Inflation depends on the price of the commodities, demands, supplies etc. Bitcoin cannot effect the demands or supplies for any goods or services (allmost all). So, only the price is left out. But the price mostly depends on the demands and supplies. I don't understand how come Bitcoin effects the inflation. Yes, I agree BTC or other cryptos can effect the economy of a country but I don't believe it would be the inflation.

[Snaic]

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?

While it can be said that bitcoin will become legitimate in most states. But whether he will become so in all countries, while speaking too early. Indeed, many states are not very friendly towards bitcoin and in general to the crypto currency, because it is uncontrolled and allows almost uncontrolled withdrawal of currency from the country. Bitcoin is too expensive and manifests itself as a financial bubble, which is very risky for investment in it from citizens of any state. Therefore, the crypto-currency for the state is not a very good phenomenon and is assessed ambiguously.

[cryptoloverlife]

Legitimacy does not depend only on the technology. It also depends on the acceptance of the concept and how it is helping the people within the jurisdiction of the country law.

Bitcoin has been developed with good intentions and anything developed with good intentions need tremendous support to be accepted globally. Banks and governments are still not sure of the regulations and they are scared already - security, the dominance of external powers, etc. It will take quite a bit of convincing to make Bitcoin as a legal tender. However, if bitcoin cannot be used as a legal tender, it does not mean it is illegal.

[toast]

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?

it is true your opinion bitcoin always viewed negative and bad by the state that deny the existence of bitcoin in the country, for the problem of legality I think still need process and time long enough

[emmybd]

Nobody can stop bitcoin, it is here to stay and the digital currency is the future. The sooner the governments all over the world realize it the better for them. Cryptocurrency can be very beneficial for the economy for a country, so the governments don't want to miss this opportunity.

[various]

I dont think bitcoin will get legitimacy in all countries in near future. Because the prejudices are hard to break down and most governments are prejudiced against bitcoin.

[mineko]

maybe so, because bitcoin has not been approved by the government, therefore there must be an awkwardness.

[samiul12]

Yes in near future bitcoin will get legitimacy in all the countries. Now days many countries banned bitcoin as they think it is harmful for their public. But though they banned it, people still using it. After some time when the whole world will start cryptocurrency then they will also make bitcoin legal in their countries.

[Marlo Stanfield]

I think it will depend on quite a few different things. For one, a major issue for many countries will be whether or not the people in political power personally have a stake in Bitcoin themselves. If people who have that kind of power also have some sort of investment(even if it's not in actual BTC, but companies ect) then it makes it more likely that they will go and act in their own self interest and not fight against it.

On the other hand, if the people in power have financial interests that are threatened by the legitimacy of Bitcoin or even the existence of it, I don't think we can realistically expect them to do much to make it legitimate.

[Feuerbach]

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?

There are countries in which the cryptocurrency is legalized, there are those in which it is prohibited. There are also countries that prepare the legal framework for legalization. To say, when all the countries of the world legalize bitcoin - it is impossible)

[summerbloom]

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?

Although some nation bitcoin will banned because of deep reason regarding to their system but ,,in my nation bitcoin will adapt as subsidy under payment mode method  only via coins pH.. despite my government will also doubt  regarding to bitcoin system ,but the main essence of this is to have  a good sign  between us,and I hope someday my government will adapt the hole system at wisheful thinking.

[neliawesome]

Maybe bitcoin will get legitimacy in all country but that was too hard.We all know that some countries banned bitcoin due to certain beliefs that it might affect their countries economy.Well lets see in the future if it will really happened.

[stil55]

Bitcoin and blockchain technologies have many advantages. They can change the existing financial sector in a good way making it more economical and quicker therefore when the governments of the countries realize these advantages, i think many countries will switch to blockchain technologies and introduce these technologies in various sectors of the economy.

[glowing10]

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?

For thier country and as per laws it is not suitable as the government wants the control of whatever they allow and on btc or other thing they might not have such control due to which they do not prefer. In such scenario they can ban use of such coins if they feel it can be harmful to them.