Bitcoin as a world power?

[Wesleyeric]

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

[1714719264]

1714719264

[1714719264]

1714719264

[1714719264]

1714719264

[1714719264]

1714719264

[1714719264]

1714719264

[Charles-Tim]

I will say you are right, but let us know that bitcoin is valuable than to be used only one person to referred to its progress, without Biden, bitcoin has been growing, it is supported by people because it is decentralized and deflationary currency. This means that even without Biden, bitcoin will still grow the more because more people will support it and be using it.

[senya-com]

To gain worldpower, not only crypto but any currency should get minds of people first... While people trust in currency, it works...

[Upgrade00]

Bitcoin as a decentralized asset does not need to be validated by a government inorder to go mainstream. More adoption is always welcome and anyone can trade or hold it, but its growth should not depend on the actions of a person or institution.

You can move with millions of dollars in your wallet as bitcoin.

Moving with millions of dollars worth of Bitcoin may not be a good idea. Such amount should be safely tucked away in a hardware wallet.

[Lordhermes]

Bitcoin as a whole is totally a decentralized system where no user is in control, but on a recent occasions, the CEO of cryptocurrency derivative platform  FTX Sam Bankman Fried donated a huge sum of btc to Joe Biden in supporting his election, in that case it could be said that bitcoin is going globally and could used as a global currency.
https://www.coindesk.com/cryptocurrency-ceo-donated-second-largest-amount-to-joe-bidens-campaign

[Lorence.xD]

Bitcoin alone will not be enough, if there are enough people that will be opposing it, governments can be toppled to be replaced by something new. It will be a catalyst but it will not be the sole reason that someone will become world power, it is more on who has a bigger sphere of influence rather than who favors bitcoin. And also, nuclear capability.

[Kemarit]

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

I'm sorry but it seems that you are too exaggerating it.

Bitcoin is enough to be a disrupting the financial system, as it has a polarizing effect. But becoming a world power or becoming a world currency? Nah, I don't think that it will happen.

Gold and US dollar will still be the leader, the popular one that governments wants to as their reserved and not Bitcoin.

[Darker45]

Right now, Bitcoin is already what you call as the world power cryptocurrency. It is already, in your terms, leading it.

But what do you mean president of the world power? The world does not have a single governing body. Do you mean presidents of countries which are very influential in world affairs? Well, it may indeed boost Bitcoin adoption if the world's leading presidents are in favor of Bitcoin. But that is not a prerequisite. As a matter of fact, Bitcoin has soared to the highest skies not with the world's leader but in spite of them.

[Jating]

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.

It is by far, no single crypto currency has been widely adopted by individuals, retail and institutional investors or even companies are not putting their reserved assets in bitcoin.

If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

Bitcoin though has been design to be decentralised, with or without the support of a President or a country, although there are nations like Japan and Australia who have accepted bitcoin as legal tender. If we wanted to see positive impact, then global adoption should happen.

[Mpamaegbu]

If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.

If you were in any way subtly referring to the new man in saddle at the US Whitehouse lending his support to Bitcoin to make it grow, then you've missed the point. Bitcoin is community driven as a decentralized asset. No single person can manipulate it. Otherwise, Bitcoin wouldn't be as relatively stable as it is today. Trump's hatred for Bitcoin couldn't kill it, not even Warren Buffet's disdain for it. I don't think Joe Biden's attitude will matter too, except he bans his country from using it.

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

I want to believe this advice came from a place of misdirection. No one should do this because it's highly risky and should be jettisoned. Split your hodling into several wallets if you hodl a lot and then delete those wallet. But make sure you have their Private Keys safely tucked somewhere offline.

[meanwords]

Approving Bitcoin isn't as easy as counting 1, 2, 3, this needs research and a lot of data before they even consider Bitcoin. A world power promoting Bitcoin is just a pipe dream and is unlikely to happen as long as they have no absolute way to regulate it and make it their own. It's not like we need them anyway, Bitcoin is growing each day without the approval of the authority which is why people invest in it because we have the freedom in many ways.

[The Cryptovator]

We know a country's power is its population. So if the population use and support bitcoin then doesn't matter if the president trade bitcoin or not. Bitcoin is a decentralized leading cryptocurrency and its ruling digital currency world. Those country hasn't been accepting Bitcoin, most probably they will regret at the end eventually. Because its value and price both have been increasing day by day. Due to a strong community, I believe Bitcoin would act world power once a time.

[kentrolla]

To gain worldpower, not only crypto but any currency should get minds of people first... While people trust in currency, it works...

Agree, people are still blindfolded with real currency they are still Faraway from the digital age. In my opinion the majority of the world people using digital currency might be around 20% or hardly 30% that's it, the reason I think might be lack of knowledge and they don't want to take risk as they feel currency as a safe zone. Unless their mindset changes we can't do anything they want to think out of the box.

[YOSHIE]

If a president of the world power is a trader and in support of bitcoin,

You mean high-ranking state officials such as the president, ministers and government officials to trade / invest in Bitcoin....!

OP, if that's what you mean, it has happened in some of the top state officials trading with Bitcoin.

The government cannot control Bitcoin, so, even though the president does trade with Bitcoin, it does not mean that it is a force or is illegal in the country, for now Bitcoin is strong enough even though top officials are not involved in it.
Most state officials do not admit they trade / invest in Bitcoin, even though they are in it, Private secrets.

[CyberKuro]

If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.

If you were in any way subtly referring to the new man in saddle at the US Whitehouse lending his support to Bitcoin to make it grow, then you've missed the point. Bitcoin is community driven as a decentralized asset.

Not the main point of bitcoin as a decentralized cryptocurrency, but any support from a President still a plus point for bitcoin community to encourage more people to at least learn about the advantage of bitcoin.

No single person can manipulate it. Otherwise, Bitcoin wouldn't be as relatively stable as it is today.

bitcoin isn't a relatively stable coin, the price could change thousand of dollars in matter of hours or days, not to mention how much it fluctuate in months.
Because it can be manipulated by whoever have huge capital to do so, or by people who hold the title as bitcoin whale, they can dump it.
Bitcoin is an object of manipulation, it isn't stable.

[Coyster]

In my opinion if world power countries and their presidents develop interest in Bitcoin, it could be counterproductive, Governments are known for one thing, and that's imposing regulations, in the last couple of years we've seen how some countries are trying so hard to set regulations on cryptocurrecy and try to have a little bit of control; and since Bitcoin is dex, and govt can't really control it, some have gone ahead to either ban the coin/launch their central bank digital currency. The Bitcoin network doesn't rely on a third party for anything, except those who use centralized exchanges and the rest, so govt involvement isn't that much necessary.

[DevilSlayer]

If a president of the world power is a trader and in support of bitcoin,

You mean high-ranking state officials such as the president, ministers and government officials to trade / invest in Bitcoin....!

OP, if that's what you mean, it has happened in some of the top state officials trading with Bitcoin.

The government cannot control Bitcoin, so, even though the president does trade with Bitcoin, it does not mean that it is a force or is illegal in the country, for now Bitcoin is strong enough even though top officials are not involved in it.
Most state officials do not admit they trade / invest in Bitcoin, even though they are in it, Private secrets.

There high officials in many governments where they are the people who are against bitcoin before but they are now finally understand what it is and for sure that they invest some money there and they keep it secret in the public. Not only the government official but also the investors and entrepreneurs in different society are now adopting because they are aware that it is the future of payment system. When it comes to the highest position in the economy which are the bankers where for sure they are now having hard time and doubts nowadays especially the adoption are now becoming good than before and many people are now becoming aware to the benefits of the digital currency. Bankers are powerful institutions, persons and organization because they are the one who prints money and they are the one who circulates the fiat money in different economy. The bad thing is they still hide the benefits of the cryptocurrencies that it can give to public and it is the reason why laws and regulations in cryptocurrencies are still not matter and they still hide the truth because they want the public to patronize the fiat and not digital currencies because fiat currency are centralized and they can control it.

[20kevin20]

Honestly, hearing about a president getting into cryptocurrencies would be the most sketchy thing I'd ever hear about. I'd think twice about the possibility of these news to be positive rather than negative. I'm not sure when was the last time I heard about the state supporting something they cannot keep their hand on, because it seems like control is the only way they're heading.

[$crypto$]

The government cannot control Bitcoin, so, even though the president does trade with Bitcoin, it does not mean that it is a force or is illegal in the country, for now Bitcoin is strong enough even though top officials are not involved in it.
Most state officials do not admit they trade / invest in Bitcoin, even though they are in it, Private secrets.

Anyone high-ranking official in doing anything in cryptocurrency, including trading and investing, I think it is only temporarily influential and there must be many issues that are about those who use it, but it is not impossible to be legal, but it is difficult to legalize when these officials know how bitcoin will react.

I am sure bitcoin will remain strong as a force without an official or even a president, therefore it will still be a force in the future like it is today which many predict will continue to rise.

[Majharul Saiif]

Bitcoin: Although not ultimately allowable in all countries and problematic to legalize, it has no probability of becoming a world power. But if we glimpse at its popularity and notice the rest of the endeavors, it is no slight. It has to be accurate to gain credibility and Bitcoin is performing just that. Although it is a scam it is going through its best afford. So from my point of view, I can referee that bitcoin as a world power.