Bitcoin will get legitimacy in all countries?

[samcrypto]

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?

Banks think bitcoin is a big threat so some countries are not making any decision yet about cryptocurrency. I hope for this kind of regulation which is in favor for cryptocurrency. Bitcoin may have a hard time to be accepted in some places but time will come and many countries will follow those who fully accept bitcoin and by this expect the price to climb up.

[Gladz29]

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 its hard that bitcoin will be legit or allowed in one country. Because some of country they dont allowed that bitcoin will enter their community. To avoid crimes using bitcoin.

[ranochigo]

Bitcoin will never be legal in any countries at all. The nature of Bitcoin makes it difficult to regulate and control the transactions that is being made. Bitcoin doesn't have anything backing it and the country cannot take any responsibility for the volatility of the coin. The lack of control would likely make tax evasion and money laundering easier. I can't see why any country would legitimise Bitcoin with these in mind.

[sevenonetwo]

I predict that bitcoin will never be fully accepted by some countries, since the bitcoin is unchangeable, all crypto currencies are identical to fluctuations since prices are only determined by Supply and Demand.

[Falcon84]

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.

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[daxiake]

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?

That's true, the majority of governments around the world are against BTC and other cryptocurrencies. The reason is obvious, if they accept BTC as a legal payment system, the governments will lose control over the financial system. Let's see how things move in future, currently it looks very hard.

[Renal]

Only a country that does not accept bitcoin that bitcoin is very dangerous and does not give legitimacy and they do not know what the purpose of bitcoin and its benefits so do not ever hesitate or afraid because by not letting go of bitcoin then the country will be left behind because bitcoin is a digital currency has many advantages.

[Happydd]

Not all bitcoins are legal. There are still many countries that do not allow bitcoin or do not accept bitcoin. China, Vietnam ... do not see bitcoin is legal. Bitcoin is not yet legalized in all countries of the world.

[alex M]

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)

Well, I think it will take more years for bitcoin to be accepted and legalized in all countries. There are many problems to be resolve first between governments and acceptance of bitcoin in some other countries before its legitimacy concern around the globe will be achieved. But I believe this can be possible.

[shalaza]

Yes. It is actually possible for bitcoin to be accepted as a legal tender world-wide,it can only take a while. With volatility decreasing,increased awareness and orientations,it is quite possible

[gajebo]

bitcoin can not be stopped because bitcoin is future digital money, so I think in the future any country that thinks bitcoin is dangerous, will start rethinking and start receiving bitcoin or crypto, because crypto will be very useful and improve the country's economy.

[evanstinger]

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.

This is a good concept, and it's positive.
Eventually, (i hate using this lazy word), bitcoin presence will be the momentum that change how we perceive money, as a trade medium, as a currency and as an asset.

[TheGodFather]

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?

That’s the ultimate dream and I think I also am a believer that someday, the countries from all around the world would appreciate and get to experience the power of the cryptocurrencies. With bitcoin in tow and the cryptocurrency opening up avenues for the worlld, t is only a matter of time before this issue is raised and discussed about to have a conversation on the regulations or sanctions needed for the cryptocurrency market

[Al-e_x]

You should know that bitcoin never experienced inflation and also will not have an inflationary impact on the economy. that's not the main problem, because bitcoin is able to maintain the value.

if the state legalizes bitcoin, then bitcoin will create economic stability, not create inflation.

[Gamblet]

I think that this is relevant for technological and rich countries. Currency and technology is an expensive entertainment. Not all countries can afford it.

[letzdodiz]

While one might say that bitcoin will end up genuine in many states. In any case, regardless of whether he will turn out to be so in all nations, while talking too soon. To be sure, numerous states are not inviting towards bitcoin and when all is said in done to the digital money, since it is uncontrolled and permits relatively uncontrolled withdrawal of cash from the nation. Bitcoin is excessively costly and shows itself as a budgetary air pocket, which is exceptionally dangerous for interest in it from nationals of any state. Subsequently, the digital money for the state isn't a decent marvel and is evaluated questionably.

[Finestream]

You should know that bitcoin never experienced inflation and also will not have an inflationary impact on the economy. that's not the main problem, because bitcoin is able to maintain the value.

if the state legalizes bitcoin, then bitcoin will create economic stability, not create inflation.

In my own opinion,bitcoin will have its own time to become legitimate in all countries if its market price will become stabled too.The government will not adopt bitcoin if it continues to be very volatile because it would really create confusion to the people particularly for those who do not know bitcoin and don't even know how to use it.

[paulk11087]

I think it should be like that. But unfortunately, some of the bitcoin's ads are being done in the wrong direction by some who do not know themselves. This leads to new investors always being cautious. As a result, it is always priced badly.

[Bershie]

Many countries already used and legalize bitcoin as a mode of payment and the others are getting interested to adapt the cryptocurrency system, but some others banned it.




O Promote and legalize it.
O Looking forward to accept but has a barriers on approving
O Already know but It doesn't take action on adapting or dump the system.(neutral)
O Curtailed the cryptocurrency but did not banned it.
O Banned it totally.

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

Inflation is created by the goverment not bitcoin, it's up to them if they accept the innovation or not.

[vhroen]

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?

As much as we love hearing the legitimacy and acceptance of bitcoin and other cryptocurrencies in all countries, in my opinion, this would not gonna happen because of an internal factor that happens in every country such as existing laws that affects the legality of bitcoin. Some government declared it as illegal because the transaction is anonymous this can be used for money laundering and tax evasion.