FINALLY ALL MONETARY AUTHORITIES IN THE WORLD WILL ADOPT BITCOIN

[DoverDoane]

The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
 This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

[Coyster]

And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others.

That's pretty much unlikely to happen, Fiat currencies could be at it's low atm, with devaluation, inflation/hyperinflation etc and also a struggling economy due to the pandemic to make things worst, but unfortunately, it's somewhat not possible for Bitcoin to become the only (single) means of carrying out transactions; newcomers to Bitcoin are always pretty much enthusiastic to suggest that, but the reality is that the use of Fiat currencies wouldn't diminish. Bitcoin is currency of control, freedom etc, that makes it slightly different from our regular Fiat currencies, and imo, BTC works pretty fine with Fiat currencies around (when they coexist), even when Bitcoin becomes mainstream, it still would be insufficient to be the "single standard means of transaction".

This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.

The thing is, the government do not want any currency they can't control, manipulate and print as much as they want, when they want it, and having said that, Government involvement or accomodation of Bitcoin ultimately results in regulations, which then erode the control and freedom it's users are in the network for.

[dothebeats]

This is wishful thinking. The goal of fiat is to maintain control over the financial system of the world. Due to its flexibility and being a way easier tool to manipulate depending on the current economic situation, governments would surely like to keep it that way for a long time until a new 'better' system that retains the flexibility of fiat arises. They can't do this in bitcoin, thus making it near impossible for them to adopt it even in the next 100 years. Sure they are warming up to bitcoin and other crypto given the potential of these digital financial tools/assets, but I don't see them integrating it directly on their financial system.

[Poker Player]

This is wishful thinking.

This. Also, I think these types of posts are typical of someone who has little Bitcoin. So, he likes to think more about how wonderful the future will be if he keeps holding than the present. Someone on the other hand who is a millionaire today thanks to having been holding for many years, may think about the great future that still remains for Bitcoin but I think he enjoys more the present moment and what is happening now. The institutional adoption is to celebrate it and what happens with the authorities in 20 years we will see, those of us who will still hopefully be alive by then.

[el kaka22]

I get that people are excited about what's going on, and that is why there are people who think that bitcoin will one day rule the world, I know many believe that, but the reality is that we are not going to have to deal with that, we have to deal with fiat for far longer, we won't have bitcoin as base currency anywhere in the world.

This means we will have to deal with something that will be basically 90% fiat and 10% crypto in the world if we are lucky, and that is if we are lucky, most probably it will be like 1% crypto and 99% fiat in the world and that is a good thing if it happens, even that is like a goal and not something realistic. Which is why I do not think that world will adopt bitcoin, world will use bitcoin whenever it wants, but will not adopt it as the only thing, at the first front governments will not allow something like that to happen.

[jaysabi]

This is wishful thinking.

This. Also, I think these types of posts are typical of someone who has little Bitcoin. So, he likes to think more about how wonderful the future will be if he keeps holding than the present. Someone on the other hand who is a millionaire today thanks to having been holding for many years, may think about the great future that still remains for Bitcoin but I think he enjoys more the present moment and what is happening now. The institutional adoption is to celebrate it and what happens with the authorities in 20 years we will see, those of us who will still hopefully be alive by then.

Further, institutional adoption has zero interest in it as a currency. It's being spurred by store of value usage. The odds of bitcoin becoming a functional currency when the only major appeal to it is store of value is virtually zero. There are many other cryptos that beat the pants off bitcoin at being an actual currency. Bitcoin is slow, expensive, and can handle very few transactions at scale. Even a joke coin like Doge is better at being a currency than Bitcoin is.

[avikz]

The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
 This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

Sounds like a daydream to me! Probably because you are ultra bullish about the adoption of bitcoin and I am not! Especially the third point where you have mentioned that bitcoin will become that single standard means of transaction in the world. That seems impossible!

Currently the world trade is dominated by USD. That is a single major currency that is used in every international trade. China is also trying to use Yuan for international trade. So I don't think any of these countries won't let bitcoin take over this space. International trades doesn't work as per our own will. It works as per the laid out norms by respective governments. None of them would want to introduce a currency system which they can't control. 

So yes, it sounds like a day dream to me, for a good reason!

[hulla]

It will be wonderful if all monetary authorities in the world do adopt Bitcoin but we should also be ready for the consequence. The last time I checked, they won't allow Bitcoin to be the standard means of transaction in the world that's one of the reasons they are also against the creation of the Libra coin which I believe is now Diem.
Having said that, it too early to make predictions about what will happen in the next 20years.

[Darker45]

This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.

And this is also the very reason why Bitcoin is not to the governments' liking. Something that guarantees "equal trust without intervention?" That does not sound nice to the powerful. They may be sidestepped in the process. Although it may sound outstanding to the normal citizens, it definitely sounds threatening to the few who are currently holding the reins of power. Fairness is deemed good only insofar as it is imposed by them. If it's not from them, it's bad.

Surely, the monetary authorities don't like Bitcoin. The only reason why Bitcoin continues to thrive despite the opposition of the monetary authorities is that it cannot be stopped any the authorities.

[zanezane]

This is wishful thinking. The goal of fiat is to maintain control over the financial system of the world. Due to its flexibility and being a way easier tool to manipulate depending on the current economic situation, governments would surely like to keep it that way for a long time until a new 'better' system that retains the flexibility of fiat arises. They can't do this in bitcoin, thus making it near impossible for them to adopt it even in the next 100 years. Sure they are warming up to bitcoin and other crypto given the potential of these digital financial tools/assets, but I don't see them integrating it directly on their financial system.

They can't control the onslaught of this adoption, the people can use bitcoin whenever they want and even the government proactively tries to regulate/ban or oppose bitcoin, the only time that they can defeat bitcoin is when they try to suppress the people themselves.

[Wexnident]

This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

It's one thing for Bitcoin to be safe, reliable, and transparent as you say, but it's another thing if the governments would adopt (if ever) Bitcoin. Just from what we have now, Government allowing Bitcoin is actually the limit that they could have at it, using it as a replacement for fiat? Doubt that. A coexistence right now (if you could call it one) is probably the only thing we'd ever get since leaders would never allow their power to go over to no one. That's basically asking them to kill their own methods to corruption and whatnot.

[mezzaluna]

Its actually great that the amount of people and not just the Bitcoin within countries is growing internationally but at the same time, as time passes by, countries will continue to adopt Cryptocurrencies into their local businesses. It will still also be a great technology advancement since financial technology would start jumping in into this kind of system and from that point, advancement would just continue to into a better lifestyle for everyone.

[Mauser]

The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
 This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

That is quite interesting, as soon as bitcoin price is dropping a bit the authorities want to invest them self's. To be honest they probably just realised how much money can be made with bitcoins and want to get a piece of their own. Long term there is no way around bitcoins and it all comes down to at which you were able to buy your coins.

[noorammak]

It's pretty interesting with something not happening right now. You used the word "If", we don't need to imagine that scenario happening because it certainly won't. There are many reasons for Bitcoin's difficulty accepting Bitcoin, such as:
The cost is too high and won't be applicable worldwide on a regular basis.

Major nations will accept Bitcoin as assets and will not see them as a replacement for their national currency.

Small countries won't accept Bitcoin's regular presence as they take away a significant amount of revenue from their service provision.

[fiulpro]

The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
 This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

- All the countries who tried banning bitcoins did have to again lift the ban because people did not take it in a good way , many of the countries had brain drain and their most successful People even left the whole country and went to a place which was more crypto friendly. This actually shows us how important cryptos are for the whole economy and the people perse.

I do believe that we have to understand the fact that Governments are slowly understanding that they do not have to feel threatened by the cryptocurrencies but rather they can work together since during the pandemic they are actually earning taxes from crypto gambling sites and it's going well for them.

The only asset which showed a significant growth was indeed bitcoins. ( During the pandemic ofc ) Even right now the newcomers have an amazing investment opportunity! What else do we need ?

[goldade]

The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
 This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

As much this will happen eventually, I do not see it happening in the next 20 years  not even in the next 30 - 40 years.
I actually do understand that with the increasing number of people adopting bitcoin and other cryptocurrencies in the world, you'd probably believed it won't be long before it goes all around the world. What you should know, however, is that this looks only so good in theory. Practically, it's not possible in that short period of time.
Bitcoin still has a long way to go in it adoption especially in African countries where there is a high level of illiteracy.  Not many people would adopt bitcoin there.

[stompix]

- All the countries who tried banning bitcoins did have to again lift the ban

All? From those that have banned bitcoin a long time ago, like Egypt and Ecuador or Morroco none of them has lifted the ban.

because people did not take it in a good way , many of the countries had brain drain and their most successful People even left the whole country and went to a place which was more crypto friendly. T

Haha, common, don't tell me that you actually believe this?
You think that thousands of people are fleeing their country because they can't buy bitcoins?
Don't you realize how ridiculous this sounds?

And this is also the very reason why Bitcoin is not to the governments' liking. Something that guarantees "equal trust without intervention?" That does not sound nice to the powerful. They may be sidestepped in the process.

I've been hearing this for years but nobody has actually shown in practice at least one time how the government is actually threatened by a cryptocurrency. Not one single example of how BTC could "sidestep" them in whatever process you're envisioning.
Bitcoin is money, is a tool and nothing else, just because you're avoiding keeping your money in the bank doesn't mean anything in form of threats to an authoritarian regime, you still need to live your life in the real world, they will still be able to tax the shit out of you, to impose regulation, to arrest you, and all the things they do.
We had a thread about how crypto is protecting human rights in Belarus and HK and Myanmar, how did it that end?
As others said, wishful thinking, some really need to keep in touch with reality.

[Silberman]

This is wishful thinking. The goal of fiat is to maintain control over the financial system of the world. Due to its flexibility and being a way easier tool to manipulate depending on the current economic situation, governments would surely like to keep it that way for a long time until a new 'better' system that retains the flexibility of fiat arises. They can't do this in bitcoin, thus making it near impossible for them to adopt it even in the next 100 years. Sure they are warming up to bitcoin and other crypto given the potential of these digital financial tools/assets, but I don't see them integrating it directly on their financial system.

Agreed, it is naive to think governments do not know all the damage they do with their fiat currencies to the people, they use them precisely because it allows them a great control over their population and over the whole economy on itself, bitcoin is not going to change this, even if the whole economy collapses tomorrow and people decided to adopt bitcoin as fast as they could governments can just force you to use their fiat even if you do not want it and they will keep their fiat in power even if they have to use force to get this done.

[jostorres]

in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

They have no other options than to accept and allow people to invest and make use of cryptocurrency like Bitcoin. The government are starting to realize that them banning cryptocurrency is not going to be making any impact at all or stop people from making use of cryptocurrencies of their choice. How exactly do they plan on stopping cryptocurrency where people are now going p2p with every move they make. It’s just like Nigeria that banned cryptocurrency, and banned exchanges like Binance and Binance quickly went p2p for their traders that are there. So the government has no choice than to just accept it.

[arwin100]

in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.

They have no other options than to accept and allow people to invest and make use of cryptocurrency like Bitcoin. The government are starting to realize that them banning cryptocurrency is not going to be making any impact at all or stop people from making use of cryptocurrencies of their choice.

Even how hard the efforts they control it still the widespread still huge thats why other countries are lifting out the ban they implied on bitcoin maybe they shouldn't think about bad about it as it really brings good opportunity to people and I'm really happy to see those countries who adopt bitcoin as well other cryptocurrency since it really helps people to give some opportunity to kill the traditional jobs which have full of discrimination.