Is global adoption of Bitcoin possible post-Covid?

[dentolas]

I think your points are valid and that in the case things go like you've stated, bitcoin can be seen as a solution for several of those problems, nevertheless bitcoin is already a solution for a lot of the world problems and we don't see adoption happening anytime soon...
I agree with the user that said that adoption will come with or without the chaos, it can simply happen with the natural evolution of economy...

[1715525936]

1715525936

[oleg8791]

The global adoption is possible, but not likely to happen. People are ready to buy volatile assets like Bitcoin when they have extra money. At the same time only few countries offered direct stimulus payments to all residents.

[taufik123]

Now they are looking more at the problem.
Perhaps it's time to change the system.

But I doubt the government will push that to happen.
They will look for other ways first until there will be no more. That's when bitcoin will come in.
So yes, it is possible but I don't think post-COVID just yet.

The government will certainly do research first before establishing a new system by adopting bitcoin. There's a lot to consider about bitcoin voting. Other ways besides using bitcoin may continue to appear. Until now digital payment platforms other than bitcoin and cryptocurrency are still very popular. It will indeed take a long time to make bitcoin adopted as an alternative payment tool. But at this time in my country bitcoin is only getting regulation as a commodity asset and not allowed as a legal payment tool.

Social media is now a great weapon. Perhaps we could enlighten them on the truth about bitcoin and not just as an investment option.
It's a good start to push a government. By how the people will react.

Social media is also a need for bitcoin. Like a knife that is used to hurt people and is used for cooking. There will be positives and negatives.
People's reactions will vary depending on the understanding they know about bitcoin.

This pandemic might have little effect on bitcoin, but it doesn't look that big.

[Kasabus]

I think your points are valid and that in the case things go like you've stated, bitcoin can be seen as a solution for several of those problems, nevertheless bitcoin is already a solution for a lot of the world problems and we don't see adoption happening anytime soon...
I agree with the user that said that adoption will come with or without the chaos, it can simply happen with the natural evolution of economy...

Yes. Global adoption for bitcoin will eventually happen but it will just take more time for it to be possible. For now, i don't see chances that this will happen with this pandemic time or post covid but hopefully in the future. But i must say that this pandemic has opened the eyes of a millions of people into crypto world and all its advantages that most of them didn't even know before.

[Zemomtum]

This pandemic has opened many eyes to the emergence of blockchain. The query for Bitcoin and other alternative coins have skyrocketed during this period and that is indication that people are looking towards alternative. Blockchain is here for the change that is most deserved.

[teosanru]

This pandemic has opened many eyes to the emergence of blockchain. The query for Bitcoin and other alternative coins have skyrocketed during this period and that is indication that people are looking towards alternative. Blockchain is here for the change that is most deserved.

Yes definitely this is why I am saying a new technology is adopted only when people realize the demerits of the previous one. But there is another thing that until now markets have managed to pick up the pace once again post covid but I still feel there would a big crash incoming because even after such a huge lockdown and zero sales of many companies for months it's hard to imagine that their prices won't tumble. I think things might unfold after results of first quarter.

Now they are looking more at the problem.
Perhaps it's time to change the system.

But I doubt the government will push that to happen.
They will look for other ways first until there will be no more. That's when bitcoin will come in.
So yes, it is possible but I don't think post-COVID just yet.

The government will certainly do research first before establishing a new system by adopting bitcoin. There's a lot to consider about bitcoin voting. Other ways besides using bitcoin may continue to appear. Until now digital payment platforms other than bitcoin and cryptocurrency are still very popular. It will indeed take a long time to make bitcoin adopted as an alternative payment tool. But at this time in my country bitcoin is only getting regulation as a commodity asset and not allowed as a legal payment tool.

Social media is now a great weapon. Perhaps we could enlighten them on the truth about bitcoin and not just as an investment option.
It's a good start to push a government. By how the people will react.

Social media is also a need for bitcoin. Like a knife that is used to hurt people and is used for cooking. There will be positives and negatives.
People's reactions will vary depending on the understanding they know about bitcoin.

This pandemic might have little effect on bitcoin, but it doesn't look that big.

If we think of government they might never implement Bitcoin because bitcoin isn't something they can control they will definitely look forward towards Digital ledger technology for changing their own currency. But the day governments are ready to implement it is still too far away.

[CarnagexD]

This pandemic has opened many eyes to the emergence of blockchain. The query for Bitcoin and other alternative coins have skyrocketed during this period and that is indication that people are looking towards alternative. Blockchain is here for the change that is most deserved.

I hope so, but there are still a lot of countries who are not joining in the use of cryptocurrency in their economy.

We can't please everyone to use bitcoin that easy because it is a process that we need to do in order to persuade them and make them become interested in the advantages of using bitcoin. VOLATILITY is a nature of bitcoin and we have nothing to do about it but we can manipulate our assets properly to lessen our mistakes.

Once we already achieve this global adoption of bitcoin in the near future, hopefully, the altcoin also have an opportunity to become recognized globally as an alternative source of profit.

[CardHerald]

The borrowing from the International Monetary Fund is a disaster.
That fund imposes a lot of catastrophic restrictions that burden many countries, so countries will not borrow from it.
you mean the World Bank because it is the one that grants loans and finances and not like the monetary fund that has harsher terms.
Countries will sell their reserves of gold and silver, and countries with the least reserves will print the money.

[beerlover]

Blockchain is one thing but crypto currencies are a whole another thing. With crypto being adopted too much and people using it a lot more common, I would say that it is quite possible that we could make a profit from it not in just money form but also in safety form as well. It is a decentralized thing that is independent from any government, it is touchless that you can send via your mobile phone to other people, it is electronic and secure and can't be hacked.

Basically everything that a regular fiat currency lacks exists in blockchain ruled bitcoin right now. That is why I believe that people should take a look at bitcoin not just in a way that could profit them more fiat currency, but in a way that they could just use that one alone without changing it to anything else.

[CaVO32]

This pandemic has opened many eyes to the emergence of blockchain. The query for Bitcoin and other alternative coins have skyrocketed during this period and that is indication that people are looking towards alternative. Blockchain is here for the change that is most deserved.

I hope so, but there are still a lot of countries who are not joining in the use of cryptocurrency in their economy.

We can't please everyone to use bitcoin that easy because it is a process that we need to do in order to persuade them and make them become interested in the advantages of using bitcoin. VOLATILITY is a nature of bitcoin and we have nothing to do about it but we can manipulate our assets properly to lessen our mistakes.

Once we already achieve this global adoption of bitcoin in the near future, hopefully, the altcoin also have an opportunity to become recognized globally as an alternative source of profit.

It is just a matter of time for those countries that are still hesitant with crypto to make this as legal part of their economy. As other progressive countries are accepting crypto as part of their system, others will soon follow when they will see the impact of it in the economy. And owed to this pandemic, a lot of entities are seeing now the benefits of using crypto even as one of the payment methods. I believe more merchants will integrate crypto as their payment method to avoid contact with their customers.

[imstillthebest]

This pandemic has opened many eyes to the emergence of blockchain. The query for Bitcoin and other alternative coins have skyrocketed during this period and that is indication that people are looking towards alternative. Blockchain is here for the change that is most deserved.

I hope so, but there are still a lot of countries who are not joining in the use of cryptocurrency in their economy.

We can't please everyone to use bitcoin that easy because it is a process that we need to do in order to persuade them and make them become interested in the advantages of using bitcoin. VOLATILITY is a nature of bitcoin and we have nothing to do about it but we can manipulate our assets properly to lessen our mistakes.

Once we already achieve this global adoption of bitcoin in the near future, hopefully, the altcoin also have an opportunity to become recognized globally as an alternative source of profit.

It is just a matter of time for those countries that are still hesitant with crypto to make this as legal part of their economy. As other progressive countries are accepting crypto as part of their system, others will soon follow when they will see the impact of it in the economy. And owed to this pandemic, a lot of entities are seeing now the benefits of using crypto even as one of the payment methods. I believe more merchants will integrate crypto as their payment method to avoid contact with their customers.

i like the suggestion of using crypto for merchants but that is also possible if crypto is already legal on that country   . why not government see this a reason for them to legalize btc  . they can disregard the negative effects of crryptos for a while .

 global adoption during this crisis times can be possible in the form of using crypto as a payment method to avoid direct contact , also increase the exposure of crypto related markets online . 

[Shasha80]

It is very possible that adoption of Bitcoin will occur after the pandemic, because everyone will change their way of thinking. Which is the investment
world increasingly considered important. And one of them is investing in Bitcoin will be the best choice for investment, because besides not being
affected by the pandemic. Bitcoin can be a solution as a source of income in the midst of an economic crisis like now, then the other benefits of Bitcoin
can prevent COVID-19 deployment. Because all Bitcoin transactions are carried out digitally.

[jademaxsuy]

I think these issues are already what Bitcoin is striving to fight with but in current times they seem to be more deadly. Bitcoin is providing a practical solution for it at-least as a stable alternative to Fiat.

I am not against bitcoin but in this case if we put bitcoin to the inflation yes it might had a positive result to somebody but not to all on the contrary it will also result to the loss of others. Remeber that bitcoin is a P2P and a decentralized system to which the market determine by demand and supply. If there will be high withdrawals market price will drop and this will sort out of like a potential loss to the btc holders.

The inflation rate might be able to supress depending on the economy growth. The higer rate of economic growth of a certain country the lesser inflation rate will apply or none at all.

However, promoting economic growth is not that easy that is why most of the country had been such into a huge debt. It made worst due to pandemic to which it started from china. I hate these chinese people eating bats. Grrrrr...

[The cure]

Yes global adoption of bitcoin is possible but I think not during this time because many of us lose our jobs and livelihood because of covid-19 pandemic, our money just enough for everyday necessities like food.

[jrrsparkles]

The borrowing from the International Monetary Fund is a disaster.
That fund imposes a lot of catastrophic restrictions that burden many countries, so countries will not borrow from it.
you mean the World Bank because it is the one that grants loans and finances and not like the monetary fund that has harsher terms.
Countries will sell their reserves of gold and silver, and countries with the least reserves will print the money.

Printing more money will damage their economy itself because it will result into hyperinflation so getting loan is better than complete collapse.But selling their reserves could be a better option, anyway life after covid 19 is going to be tough because countries will starts to ask more taxes to compensate with the early losses so people might be thinking about moving to cryptos as soon as possible.

[panganib999]

The global adaption of Bitcoin after this covid-19 pandemic might be possible if and only if all are capable to adapt usage and if the government of each and every country will allow the legal usage and adaptation of Bitcoin. We all know that there are countries who prohibit using cryptocurrencies even Bitcoin because of their own valid reasons stated by their governments. But if the government of different countries have come into realization that using and adapting Bitcoin will be beneficial for cases like this, it can be possible that the world will adapt using it for good. As of now, what we need to put more focus is first the solution we can attain at this very point of time and then maybe at the right moment, people will realize the importance of using cryptocurrencies most specially Bitcoin so that if ever another thing like this Pandemic would happen once again, (which must no happen as much as possible) then we already have cryptocurrency (Bitcoin) to rely on.

[Negotiation]

I think the global acceptance of Bitcoin after Kovid is possible because every person in the world has suffered a lot because of the virus. Many are unemployed so if the government of that country supports the use of bitcoin people's lives will be much easier and no one will be disappointed with the loss of jobs.

Since Bitcoin does not require any financial institution to complete the transaction and its transaction movements cannot be followed in any way Bitcoin is becoming increasingly popular worldwide. In addition to legal goods transactions the use of Bitcoin in drug smuggling and money laundering has also increased alarmingly Although Bitcoin has gained popularity as a digital currency it has been criticized by many for its sharp fluctuations in price against various international currencies its scarcity and its limited use in business.

[Yatsan]

Probably the global adaptation of Bitcoin could be possible to come after this covid-19 pandemic if the people specially the government have come into realization of the real importance and usage of cryptocurrency really is; because even if the people would be wanting to use Bitcoin freely, but the government is becoming a big hindrance prohibiting people to use it, the urge of wanting to use and adapt Bitcoin will be nonsense since the government is the one ruling the nation.

The adaptation of Bitcoin could only be possible if the two parties (citizens and government) will both agree into a decision of using Bitcoin effectively. Also, the adaptation of using Bitcoin could be possible if and only if all will be participating on adapting using it which will surely push through that the demand of the crowd must be followed. If the government agrees and the citizens will want to adapt using Bitcoin, then that is the time that it could be possible for Bitcoin to be adapted to be used after this covid-19 pandemic.

[coinfinger]

Probably the global adaptation of Bitcoin could be possible to come after this covid-19 pandemic if the people specially the government have come into realization of the real importance and usage of cryptocurrency really is; because even if the people would be wanting to use Bitcoin freely, but the government is becoming a big hindrance prohibiting people to use it, the urge of wanting to use and adapt Bitcoin will be nonsense since the government is the one ruling the nation.

I do not think there will be no need of any government part here; I mean government may remain as it is how it is doing for last ten years but bitcoin needs to prove its potential against slow economy conditions to convince people to adopt up to the level like main stream adoption.

In my opinion, only people need to find and decide about adoption of bitcoin regardless of where their government stands against bitcoin and its legal things. Still I agree, if governments legalize about bitcoin adoption then all will happen over the night. But, I believe that is not a necessary one because without government's nod as well we will have bitcoin to be a mainstream payment system.

The adaptation of Bitcoin could only be possible if the two parties (citizens and government) will both agree into a decision of using Bitcoin effectively.

Not actually. Government's decision will boost bitcoin adoption. If government remain against or neutral that will not stop bitcoin adoption happening but probably in slower pace.

[mezzaluna]

When people talk about Global Adoption of A Cryptocurrency, users that are knowledgeable about Cryptocurrency will already think about Bitcoin BUT it just won't work that way. We need to look or create a way where it is not just Bitcoin that is ready to be adopted into the world. We need them to be ready for the whole Cryptocurrency Industry and not just pertain to Bitcoin because as users know that there are a lot of opportunities in this Industry then what more could happen if it got introduced properly and cater a lot of attention. That would be a great advancement for the industry and it also instant promotion for a lot of Cryptocurrencies.

We can also see that some Cryptocurrencies are made by specifically helping those who are affected with the Pandemic and that would be great if it gets a lot more attention since its helping people.