How adoption will happen

[AppliedOptimal]

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

[Airbuxf]

I think these two things will happen in same time, but more important will be adoption in poor country because there are not so many cheap alternatives in online payments and it can become a basic payment there.

[Naida_BR]

Mass adoption can start from anywhere.
We just need to try to expand the already established community everywhere. As we getting more then more and more institutions will be pushed to adopt this innovative ecosystem.

In my opinion, if we want to expand our user bases we need more projects that can impact the real life of citizens and not just games and online casinos.

[Ailmand]

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

It can happen in anyways, either government will start accepting cryptocurrency or the next bull market might attract even more investors. One this is for sure, bitcoin will reach out the mass naturally from one to another.

[okala]

I think the adoption will start with the US and the SEC and ETF is going to help in the process of adaptation of bitcoin all over the world. US is one of the leading figure in the world economy and at that they decision and action go a long way to shaping how other countries will react to adoption of bitcoin.

[Theb]

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Well it already started and in case you haven't notice adoption will be different on each country depending on how their government, central bank, and SEC views it. Cryptocurrency adoption tends to go very fast on developing countries since they can handle the risk more compared to developed countries in which they need to consider everything first as their stable economy is always on the line. As for your question regarding countries being ruled by dictators I think you are referring to Venezuela and I think we already know the answer for that.

[Gabteb]

It can happen from poor countries as they haven't digital economy so its impossible poor people start to buy bitcoin and adoption so it  will sart from countries like USA and others and ofc regulators must accept them as a currency or anything else someday gov. will start to discuss this and there is no way.

[Haunebu]

Cryptocurrency adoption tends to go very fast on developing countries since they can handle the risk more compared to developed countries in which they need to consider everything first as their stable economy is always on the line.

I disagree. Not all developing countries support Bitcoin and the cryptocurrency market. For example, countries like India and Pakistan have outright banned them while China is planning on banning mining soon.

Honestly, developing countries are just as reluctant as developed countries when it comes to supporting crypto.

[hatshepsut93]

It won't "happen", there will be no sudden realization that Bitcoin is great from average joe's point of view, followed by a flood of new users. Adoption has been already happening for years, and it will keep happening at some pace. Maybe it will be a bit faster or slower, but I doubt it will be too much different from what we have now. Some people are waiting for a new economic crisis to boost Bitcoin's adoption, but I don't think that people will invest in a risky currency during uncertain times. There's no clear mechanism that leads to an explosive adoption, so it's naive to think that it is somehow bound to happen in the future.

[tyz]

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?

The adoption has already begun years ago and is slowly developing.  In the past, I thought there had to be a big bang adoption, but I do not believe it anymore. It's a steady process to convince people of the benefits of Bitcoin. In particular, studies show that especially young people use Bitcoin more often. The problem is the great mass of elders/baby boomers.

I also think that the adoption is driven by industrialized countries as a result of a lack of investment opportunities and loss of confidence in the central banks and not by the developing countries (which was my earlier assumption as well) because economic or monetary crises e.g. in Venezuela, Zimbabwe or India have not led to a significant adoption of Bitcoin in these countries.

[passwordnow]

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

What's the relation of these questions to adoption? adoption can take place anything as long as the people agrees to the use of bitcoin. Government and powerful countries plays an important role to this, they can give certain words on why people shouldn't ignore bitcoin that can change the feeling of their citizens including the skeptics. Actually, adoption is already happening if you just didn't know. There's many companies that are looking to the acceptance of bitcoin and other acceptable altcoins.

[alisafidel58]

The adoption will start from the people then followed by the companies and not from the government or country. If a big company decided to adopt bitcoin surely a lot of its users will think twice and get involved in bitcoin too.

Poor countries can't handle the volatility of bitcoin and only its dictator can gain wealth from bitcoin. The lowest class in a country can't afford bitcoin and if they manage to buy just a few satoshis it will still not be enough to sustain their daily living.

[Carrelmae10]

..both of this two reason will going to make a major role in the adoptation of bitcoin..a mass adoptation should happen anywhere any time and it will start in every individual that truly believes in the technology of Bitcoin..if all of the people will be educate in crypto currency and in the use of Bitcoin,then the society will going to legalize bitcoin and make it as a mode of payment in all transaction,then Bitcoin will become the most usable crypto in all times..

[dothebeats]

From what I'm seeing, adoption would start from countries oppressed by the poor management and regulation of their governments and economies badly struck by hyperinflation (Venezuela and Argentina for starters.) Next would be countries who are very much open into accepting cryptocurrencies within their gates, helping merchants and consumers integrate bitcoin and cryptocurrencies within their business frameworks and model. It would be a domino effect from there once businesses saw that people are interested into using bitcoins and the governments are positive into getting the word out for the acceptance of the people.

[traderethereum]

The adoption will start from the country who has inflation and don't trust the government, but it could also happen to the developing country or in the big country.
When the government from each country can accepting cryptocurrency/bitcoin, then that is the time for the adoption to start because people in that time will have a new source to make money, so I think they will start to use the chance.
The more people will come to the cryptocurrency, and that means, the adoption still going on.

[tomahawk9]

Is it going to start with poor countries and their dictators?

Dictators are using Bitcoin to finance their shitty governments. But it's very unlikely that they'll release an official statement or decree that says 'you can use btc to pay for goods and services' as it would give less power to the regime. Remember that oppresive governments need the population to live in constant uncertainty and fear about the economy and their own finances. You can find some stores accepting btc as an alternative to fiat, but they're probably just a few.

Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Even without a bitcoin ETF, adoption has been growing in the US over the past few years. Sure, the big retailers and multinationals are not accepting bitcoin, but you can find a lot merchants and small stores accepting bitcoin payments.

[Beerwizzard]

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

If cryptocurrencies get a reputation of a currency of dictators and scammers then why do people in normal countries have to use it? This kind of adoption definetely won't happen.
Such things like Bakkt may increase the BTC volume and market cap, which would lead to more stable exchange rate and decrease of volatility. That still can't be considered as adoption but it would make it easier to use BTC for daily purposes.

[Ayiranorea]

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

[Kemarit]

Is it going to start with poor countries and their dictators?

Dictators wants to control everything. So it's pretty obvious that they won't operate it under his regime because it will give too much economic freedom for his constitute so this is not the way for adoption.

Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

We haven't had any approval yet so I won't factor the two. What we need is people using crypto to pay and merchants allowing it as payment system, whether crypto-crypto or crypto-bitpay-fiat.

[The Sceptical Chymist]

How are you defining 'adoption' here?  Because I can think of a few ways bitcoin could be adopted by the masses.  One is by the common man like you and me, which would mean using bitcoin as a currency in lieu of fiat--or at least using it for transactions more than it's being used right now.  Another is adoption by big institutions where they either make it a payment option for their customers or, in the case of financial institutions like banks, they invest in it.

If mass adoption happens, I think it'll be at the institutional level.  I think banks will eventually get involved, as will traditional brokerage firms, but I think that can only happen if bitcoin's price continues to rise and people stay interested in it--both of which I think are probable.  Then we'll probably see more merchants start to offer bitcoin as a method of payment. 

The real question I have is whether more people are going to start buying bitcoin either as an investment or to spend--and I've had that doubt lingering in my mind ever since I got into crypto.  Fiat would have to become seriously devalued for that to happen, and I don't think that's going to happen worldwide.  Even in Venezuela, where their fiat is worthless, they're just using US dollars more so than bitcoin.  But I'm still optimistic.  Adoption will happen eventually.