Bitcoin as a world power?

[xiboothrezi]

~snip
The mere fact that fiat currency were legally adopted and implemented by the government makes it the most reason why people still can't go off with this currency. What i really meant was bitcoin was a strong currency, a good investment with the current maket cap of almost $17000 no doubt that investors well continue to come with us but the only concerned raised by each member was the decentralized status of crypto. I think legalization still has a huge part for a bitcoin to be able to become world power.

although the legality is still weak, bitcoin is recognized as having extraordinary benefits. Bitcoin can overcome many problems that become obstacles in the conventional financial system. that is why there are several countries that are open to crypto. It's just that, the negative side related to decentralization that cannot be controlled and has the opportunity to be used for illegal activities has made most countries limit this.
We must be wise in dealing with this. all things also have negative and positive sides, the important thing is we can take advantage of them. There will always be cons, which is clear that the adoption of bitcoin is getting wider, this indicates that crypto is starting to be received well.

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[angrynerd88]

As distant as crypto ventures are concerned, Bitcoin is certainly the gold. But in the event that we are to consider all the rest of the speculation choices counting gold, I would not say Bitcoin rules them all.
Bitcoin is one among numerous valuable resources but I would not say it is way better than gold in all aspects. Investment portfolio expanded is continuously perfect way to go which implies an speculation portfolio ought to continuously incorporate gold in it. Gold is proven with a really solid track record. I do not think a astute portfolio will not incorporate it.

[Noctis Connor]

what is a world power and why it can increase creativity . i dont know if your sentence is too deep or your using words that are out of this world but hey i think i get what your trying to say . you mean that if you hold the most bitcoin that shows that you are powerful because you think bitcoin symbolizes power, is that right ? bitcoin isnt leading the world but it is leading the world of cryptocurrency  .

every country wants power but btc isnt enough because btc doesnt dominate everything. that is why i dont think other countries will unban btc just to join this movement .

His tallking about if country has already power and if the president will support it it will become more powerful, not only the price become pump but because it can be use as one of payments that can be use not only cards or anything that can use to pay of our bills or etc that we want to buy. I think his trying to say is whenever you go you can go with your bitcoin as long as it is in hard wallet yet the same with holding but i think its more efficient that we can use bitcoin whenever we want to use it.

[iTradeChips]

Well, I do admire that you seek for bitcoin to achieve world superiority and for a leader of a world power like the U.S. to adopt Bitcoin and become the most powerful currency in the world. But I don't think the financial sector will agree on that idea of bitcoin trumping both gold and the mighty U.S. Dollar. It will take decades before this happen maybe I am seeing possibly around 2080 to 2100 before the world will agree on one top currency and I would be surprised it it will be Bitcoin because there are many contenders when it comes to currencies and the U.S. surely won't give up the throne easily without a good fight.

[Walterhank]

Yep, you do have a valid point. But I don't think Bitcoin can be used in day to day matters because of its issues; it will be more regarded as an asset. However, any other altcoin could be used for everyday routine.

[Amon1231]

As technology improves everyday Bitcoin increases its power and as time goes by Bitcoin can replace dollars as the world reserve. That's how powerful Bitcoin can be, Bitcoin takes a long time to gain its power to be a world power.

[shawonngp]

Approving Bitcoin is not an easy task. If the majority of people in a country work with bitcoin, then the government of that country will consider it. This requires research and a lot of data before considering Bitcoin. A global power to promote Bitcoin will only be a futile dream, unless they have a perfect way to control it and make it their own. The good news, however, is that Bitcoin has already gained recognition as a world power cryptocurrency. It has already shown its strength.

[Momoamzad]

Absolutely my thinking. Now a days people are more  attracted about digital currency .specially the youth . This is easy to use and very powerful in whole world . I think if it  officially  declare legal in the world I bet it will beat all currency

[Shasha80]

If you look at the Bitcoin price which has been at $ 36,000 in a relatively short time, This can indeed be an indication that Bitcoin has the potential
to become a world power. Due to the increase in Bitcoin based on supply and demand, so Bitcoin goes up very fast, meaning the higher the demand
for Bitcoin. Which means the number of people buying Bitcoin continues to increase, so more and more believe in the potential of Bitcoin.

It is not easy for Bitcoin to become a world power because it still requires a long process, seeing the number of countries that legalize Bitcoin is still
small and the number of people in the world that own Bitcoin has not reached 50%. But at least I believe it can be achieved in the future.

[finaleshot2016]

Yes you are right, bitcoin is a world power and can dominate other currencies. As we can see on the price of the bitcoin right now, we can tell what's the effect of this bull run to society and many people can get interested in this. So I really think that bitcoin as a world power as long as many people use and admire it.

Actually, bitcoin has already shown its power during the 2017 bull run and it just increases the community that believes its potential.

[Debonaire217]

The idea of Bitcoin as a tool for world power is quite hard to happen. In the first place, Bitcoin was made to promote decentralization, Bitcoin itself is decentralized that it doesn't tolerate someone to have control over Bitcoin or even outside Bitcoin. What I can see how this could possibly happen is when an entity acquires most of the mining farms. But even with that, the coding behind Bitcoin's logic was programmed in a way that will not let an entity to have control over the entire network.

On the other hand, we can say that an individual could be powerful through Bitcoin if he is rich, and will acquire the most amount of Bitcoin as he can. In this way, he can manipulate the market or somehow make an impact on it.

[Wipeout2097]

According to my conclusion in the event that world control nations and their presidents create intrigued in Bitcoin, it may be counterproductive, Officials are known for one thing, and that's forcing directions, within the final couple of a long time we've seen how a few nations are attempting so difficult to set directions on cryptocurrecy and attempt to have a small bit of control; and since Bitcoin is an autonomous, and govt can't truly control it, a few have gone ahead to either boycott the coin and may launch their central bank advanced cash. The Bitcoin organize doesn't depend on a third party for anything, but those who utilize centralized trades and the rest, so govt inclusion isn't that much vital.

[Gozie51]

You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

This is a wonder too and I can say is a mechanic that the world will live to know. Having such amount and moving around with no fear of being attacked. If you even get attack, you don't lose your hodling because you have everything you need to  unlock your security by yourself. However to this, world leaders can't hijack the bitcoin power to themselves because they are not the creator and bitcoin is decentralized for every country and nothing can change such innovative model of bitcoin.

[karisiak123]

Bitcoin as a world power, I think it will be difficult because there are still many people who do not know about bitcoin. They trust gold and banknotes more. Only people who dabble in bitcoin believe that bitcoin is much higher in value than gold.

[XCANA]

Yep, you do have a valid point. But I don't think Bitcoin can be used in day to day matters because of its issues; it will be more regarded as an asset. However, any other altcoin could be used for everyday routine.

It seem you have forgotten how Bitcoin network has being growing from what it was before now. There are improvement in the network and some others which are still growing to ensure that the said Bitcoin can be use in our day-to-day usage. Lightning network among others will definitely help Bitcoin network to achieve it aims and goals to become the world power digital currency, although there are altcoins that can stand better but won't be decentralized like Bitcoin Network.

[Mr.sprin]

bitcoin as a world power, maybe this will happen in the next decades for the near future bitcoin may not be a power for the world because almost all countries have not legally recognized bitcoin.

[ilhamsugihamin]

In my opinion, with the increasing price of bitcoin as it is today, you can say that bitcoin has become a world power but it is still not enough because there are still countries that still legalize bitcoin and it will definitely require a long process.

[DarkDays]

Bitcoin as a world power, I think it will be difficult because there are still many people who do not know about bitcoin. They trust gold and banknotes more. Only people who dabble in bitcoin believe that bitcoin is much higher in value than gold.

gold and banknotes are real objects while bitcoin is a digital asset, it is quite difficult for a country to recognize bitcoin because it is decentralized, even though with the covid-19 they know that gold and banknotes are not always useful because they touch hands and bodies

Digital assets are the future. More and more countries will start to learn that decentralization is what everybody goes for and switching from banknotes and gold to digital currency will be the norm. Maybe not yet, but give it 10-20 years and we will be on a totally different world-one of innovation, where technology is at the center of everything.

[JJJansen]

It would make a big difference if some well-known web shops would accept bitcoin as payment option.
But it makes sense that they aren't really interested in a volatile currency like Bitcoin.

[cyriljundos]

bitcoin will gain more popularity and gain world power someday as it reaches its value to peak. it takes more time that bitcoin will be recognize by the governments and probably gain interest in future of digital currencies and there will be no cash on hand, all transactions through bitcoins and other alternative coins.