What if 5 head of the big country are Cryptocurrency supporters?

[Eugenar]

So imagine you have 5 heads of the top country in the world  a firm believer of cryptocurrency do you think it will fasttract adoption of cryptocurrency, imagine the head of USA, CHINA, JAPAN FRANCE, GREAT BRITAIN are a firm believer of Cryptocurrency do you think it's the start of something huge for the crypto community.

It can have a huge impact on the market its either positive or negative , but we can't avoid the fact that government don't believe in crypto in fact most of them banned it in their countries like for example bitcoin but of course maybe it is possible. It is something huge and something different.

[justspare]

So imagine you have 5 heads of the top country in the world  a firm believer of cryptocurrency do you think it will fasttract adoption of cryptocurrency, imagine the head of USA, CHINA, JAPAN FRANCE, GREAT BRITAIN are a firm believer of Cryptocurrency do you think it's the start of something huge for the crypto community.

Lol, we are going imaginary now, I don't think that will ever be possible but if this actually happens, it will be a win for crypto and holders as a whole because every companies in this countries will want to purchase a large amount of crypto there by driving the price very high because there will be scarcity in the crypto market especially for bitcoin that has a limited supply of 21 million.

[terra_vival]

If we imagine the development of such a situation, then this kind of approval and recognition of cryptocurrencies by leading countries can be said to launch a global cryptocurrency economic system. There will only be a huge question of how the state will regulate cryptocurrencies....

[elzjmirra]

This will certainly accelerate the adoption process. We know that Crypto still needs great support. And hope there will be regulations that can protect investors or all those who invest in Crypto. This will also increase trust in all investors.

[jossiel]

It's huge definitely. They are world leaders and that's how the people react with everything that they support. If there's an approval from these world leaders, their countrymen would always believe to what they are fighting for (at least their supporters).

It's going to be a very big news when we found out that a father of a country is supporting crypto. Just look if a celebrity turns out to be a crypto supporter, the whole community is already celebrating with that kind of news.

[plr]

However you looked at it, it will add credibility and trust to cryptocurrency, these leaders can pass laws and can do anything to make cryptocurrency popular in their respective countries, and because of this, it will fast-track the popularity of cryptocurrency.

[kingzpro]

I do not think that would have mattered although it may have put slight positive effect in the ranks of governments and regulators but for overall growth and adoption i think it is the public that will bring the change required but i think it will take time and perhaps we will see massive growth in next 5 years.

[various]

well they are not and they are not going to be so none of this is ever going to happen

but even if they were, it still wouldn't change much about 90% of the altcoins. we may only see bitcoin grow faster as it is the only valuable currency that is working properly as it should and the rest are still the same pump and dumps without usage!

besides governments are not known to support anything they can not control!

I don't think that none of them is ever going to be supporters of cryptocurrencies. But I agree with that will affect only bitcoin, eth and some big altcoins with huge usage. Rest of the altcoins will be still shit.

[flyingcat]

If this dream will come true so I think we can use cryptocurrency like a normal currency to buy everything we want without being investigated by police but it also mean that we will have to pay taxes for our cryptocurrency income ). But I don't think this thing can happen in next 5 or 6 years.

[chits]

If the state does not have access to information about your income and wallets, it is unlikely that they will be interested in promoting your interests in cryptography. Since the formation of interests requires appropriate taxes and fees

[asder250]

So imagine you have 5 heads of the top country in the world  a firm believer of cryptocurrency do you think it will fasttract adoption of cryptocurrency, imagine the head of USA, CHINA, JAPAN FRANCE, GREAT BRITAIN are a firm believer of Cryptocurrency do you think it's the start of something huge for the crypto community.

They will never do it. Because it is a big step and what will happen if crypto really fail?
Cryptocurrencies were created as an alternative, we do not need to push someone to use it. We should satisfy with slow but steady adoption.

[CuriousGeorge]

USA - This country is good and really has a big states, but cryptocurrency is have a hard time for acceptance on this one, why?
The main economy of this country is weapons, they need war to be great and support their needs.

CHINA - This one is very cautious and they want everything to be perfect before the support, they also want more money in their cointrol and power.

JAPAN - There no question on this country as one of the most advance in technology and well supported the cryptocurrency.

FRANCE - I wanna see more from this one!

GREAT BRITAIN - And also on this one!

You should not remove japan from that list because that was already issued a license to all of the exchange sites that operated in Japan. We must put our main concern in USA consider it's central of bankers. We know that banker will always become the centre of the economic system.

[Hanebel]

USA, Japan, and China are big countries which can be so influential if they publicly expose their will to support and adopt cryptocurrency for their respective countries. So, I am saying, they have the power to influence but it is still the usefulness of the coin that will make it last.

[mv1986]

It doesn't need too many big nations to be pro cryptocurrency. If there is only one big nation trying to take the lead, the others will follow as they don't want to fall behind the innovation.

[TravelMug]

So imagine you have 5 heads of the top country in the world  a firm believer of cryptocurrency do you think it will fasttract adoption of cryptocurrency, imagine the head of USA, CHINA, JAPAN FRANCE, GREAT BRITAIN are a firm believer of Cryptocurrency do you think it's the start of something huge for the crypto community.

Well removed Japan in the list because they have been very supportive of crypto already.

I guess the most influential in the list for me is USA. If US governments will suddenly make a U-turn and we all wake up tomorrow and be happy because of the news that US is going to be crypto friendly then the price will spike and we may have seen another all-time-high in the future.

[PuertoLibre]

It doesn't need too many big nations to be pro cryptocurrency. If there is only one big nation trying to take the lead, the others will follow as they don't want to fall behind the innovation.

I don't agree with this statement. There is no reason to follow a single country as a crypto friendly state. After positive news, crypto prices will find its real power in the real world.

[mv1986]

It doesn't need too many big nations to be pro cryptocurrency. If there is only one big nation trying to take the lead, the others will follow as they don't want to fall behind the innovation.

I don't agree with this statement. There is no reason to follow a single country as a crypto friendly state. After positive news, crypto prices will find its real power in the real world.

Oh yes there is, if all your talented workforce out of a sudden tries to leave your country in order to find work in a country that is pro cryptocurrencies, you as a government would be annoyed. And also, there is just no way to stop crypto payments among people and nations who figure that out first and become crypto friendly will put pressure on those who are against crypto.

[odranoel]

For me i think if this will be possible a big or huge chances for us in crypto world to success. I mean great people supporting such project are in good situation, so as the great market has the high price will be.

[crenfrosck]

Even with my imagination I can not visualize a situation like this, but why not, world is unpredictable  . This step would be huge for the whole industry which would suddenly get an insane attention. Masses are not having their own opinion most of the time and this would turn their "crypto-hating" part of the brain off. Businessess would have unbelievable competition and a success would never be seen as something granted. People would free themselves financially (not entirely, but every single step towards this goal is a success), developing countries would follow and their quality of life would grow even faster. The only limit in the world of technology is our own imagination. Individual freedom is an asset the world is currently lacking off and crypto might turn this process around. A single spark can start a fire  .

[Nasonn]

It might get huge publicity push but beyond that, I doubt it will create any significant push in crypo adoption. Bottom line it will increase the legitimacy of cryptocurrencies and many people who were once skeptical would want to invest into it.