Future money!

[TelolettOm]

It may be one of the future currencies that will be adopted and used for payment methods, more to worldwide.
Even we know the nature of Bitcoin, we must also know that the use of money in a country will be really influenced and regulated by the government. And we cannot use it in our country if this is still not legalized.
They cannot stop Bitcoin. But, with their strict regulation about the means of "money", we can't do many things. It will be always limited to several merchants only that receive Bitcoin, which cannot be used for daily life payment as what "money" doing right now.

But once more, we don't know the future yet.

[just_Alice]

What the governments can do is enforce a ban on trading or exchange, which will result in people having crypto but not being able to do anything about it, some countries are already on the move. However, most remain neutral, but not for long.

Nowadays only some of the governments speak upfront about their attitude toward Bitcoin. But as the things are developing quickly, more people are using Bitcoin each day, more companies are expressing an opinion about it - things won't go on like that for long, and all the countries will have to make a decision.

I think in about 5 years we will see a major division: a group of countries that fully accept Bitcoin and, perhaps, develop some functional financial systems for people to use it, and a second group would be the countries that are straightforward against Bitcoin.

[NicNacCoin]

Bitcoin would be a global currency but not now . It would be someone future money like pension money at the end of age. It would be secured money for widows. I reserve Bitcoin for my child and wife for better lifestyle.

[nurilham]

government trying to slow down bitcoin and other cryptocurrency but they can't stop people having faith in the future money

Definitely, the government cannot stop the development or adoption of Bitcoin and altcoins. It already becomes a new trend nowadays, people are starting to join it massively. Even big people in the world already buy Bitcoin or altcoins, a perfect example: Elon Musk. With this phenomenon, the future of Bitcoin and altcoins are very promising. Even if it won't replace fiats, it will be one of the popular currencies in the world then.

[Slow death]

Again, government trying to slow down bitcoin and other cryptocurrency but they can't stop people having faith in the future money which is currently happening now in the present.

after I saw your thread I went to do research to see if there was any more news that I hadn't seen because in the last days or weeks or months I'm not seeing governments chasing bitcoin, because everything I'm seeing is just the opposite, many governments are being more tolerant towards bitcoin, for example even people who were the hard core of governments against bitcoin today appear on the news channels talking moderately about bitcoin.

[Rajamuda]

Bitcoin is indeed not a fully legalized currency in all countries, but the advantages are indeed capable and more visible in its increasing popularity until now, this is really a part of the future's things.
In essence, the government is still too concerned about bitcoin's risks.
even though the government seems to be slowing down bitcoin, bitcoin will not weaken, I think the government will slowly realize that bitcoin is a part of people's lives in terms of finance, which is indeed worth taking.

[BuNga_cute]

yes it is true what you say. Stop arguing that bitcoin is a substitute for money because in reality they are not competing. They have their own values ​​and needs. They can continue to grow side by side without eliminating any of them. So why do we have to worry about being the winner among them.

I also really hope that Bitcoin and fiat can co-exist, because they are really needed, so I agree that they are not competing. Actually, the thought
emerged that Bitcoin would replace fiat, it was just the government's fear of not being able to control Bitcoin. Even though Bitcoin was created
from the start not to replace fiat, but as an alternative to fiat. So there really is no competition between fiat and Bitcoin.

I really believe that this will happen since bitcoin already evolve so much thru the years so expect that financial institution will slowly see its potential so its  really not surprising to see this co-existence or collaboration towards the two what we can call giants in economical aspects. But for now just expect that this is a long journey for bitcoin to be notice as a good currency by government since bitcoin still have bad impression towards them and maybe its  hard for them to trust this while the volatility is so fast moving.

With more and more institutions deciding to invest in Bitcoin in the long term, it is not surprising that eventually Bitcoin and fiat can co-exist.
The problem is that there are still many corrupt officials in several countries, who do not want to recognize Bitcoin, because of the difficulty of
corrupting through Bitcoin. Because Bitcoin is so easy to track, there are also governments that reject Bitcoin on the grounds that its price is volatile.
So for Bitcoin to be accepted in all countries it may take a long time. But I believe sooner or later the government will realize the benefits of Bitcoin
for human life.

[Connor Britton]

Because more and more people know cryptocurrency and use it, and some countries set it as legal tender, the usage rate will be higher and higher, but because the market is very big, there will be many swindlers to get in, you have to be careful when using cryptocurrency

[hatshepsut93]

If governments wanted to stop Bitcoin, they would tried much harder. So far only few countries have banned Bitcoin, and few countries made specific regulations regarding Bitcoin, most simply keep ignoring it, so there's no need to look for conspiracies and look for persecution when there is none.

As for future money, people that same think 10 years, ago, and that future is today, yet adoption remains low, and the growth rate is quite slow.

[michellee]

Bitcoin is indeed not a fully legalized currency in all countries, but the advantages are indeed capable and more visible in its increasing popularity until now, this is really a part of the future's things.
In essence, the government is still too concerned about bitcoin's risks.
even though the government seems to be slowing down bitcoin, bitcoin will not weaken, I think the government will slowly realize that bitcoin is a part of people's lives in terms of finance, which is indeed worth taking.

maybe because the nature of bitcoin is contrary to the nature of banks today, so the government cannot control bitcoin, unlike banks that use a centralized system. but no matter how hard the government tries to stop it, bitcoin is still running and even growing like what happened earlier this year.

That is what we want from bitcoin and bitcoin has that chance in the future. If people realize the potential of bitcoin and want to use bitcoin like the other people who already use bitcoin, that can help bitcoin grow more than now. At that time, the government will be hard to stop bitcoin or prohibit people from using bitcoin because people already get benefits from bitcoin.

[suzanne5223]

Yes, after the institutional investors joined the Bitcoin investment, Bitcoin is know globally but I believe some governments that are against Bitcoin not some countries cause the country is govern by a certain government and we shouldn't expect all government to welcome Bitcoin due to it decentralization. However, they are not against Bitcoin because it was used for illicit transaction as the OP believe and the fun fact is that 1% of all illicit transaction are done through crypto while 5% are through USD alone.

[CryptoStar19]

Bitcoin has been known now globally and other countries are trying to slow down the inevitable bitcoin as future money. Yes, government do afraid of bitcoin consumption fear of getting their people into which believe that bitcoin is scam.

Well, let bitcoin transactions talk and not the people that are good for nothing scrutinizing bitcoin. If we will make a scanning on the blockchain, millions of dollars worth of bitcoin has been has been transacted everyday which means that bitcoin is something they try to avoid but they can't stop the people in using bitcoin.

So why bitcoin as future money?

We had been already having enough the issues of centralized currency. Banks made abuses of their clients which is a complete difference when using bitcoin as decentralized currency. Whether they like it or not people will always chose what's best for them and that bitcoin is worth it to try.

I am not saying that centralized currency should be remove instead I am trying to emphasize the freedom of an individual to use whether bitcoin (decentralized currency) or stable currency (centralized currency like dollar).

Again, government trying to slow down bitcoin and other cryptocurrency but they can't stop people having faith in the future money which is currently happening now in the present.

Am I right? What do you think?

Agreed.

People brought bitcoin to where it is today... it is the support of people that has made bitcoin grow to where it is now and has made it attractive to organizations and more recently governments.

And yes, way too many people are invested now with way too much money and the developed nations recognize at this point that an outright ban is neither feasible nor wanted.

Ultimately we are going to see these countries regulating bitcoin a lot further than it is currently, but in the long term this will just make it a viable investment asset for very large players that are currently avoiding this space becasue of lack of regulation as compared with other asset classes.

[maxreish]

Partly, yes bitcoin may somehow pass the requirements of being an anlternative money for online transactions. Because we are talking about future here and technologies as the time goes are well improving together with innovations. If future money means online transactions, the only issue I am pretty sure that could be the problem is the volatility.

[Whibu]

Bitcoin is the money of the future, I believe in this even though now many people are against it.
The convenience that Bitcoin has is much better when compared to the Fiat Money that we now use.
But it's not that easy for us to use Bitcoin as a currency, because the very volatile value of Bitcoin makes many people worry. So for now Bitcoin is more suitable for trading and investing in the future for profit.

[Kasabus]

Bitcoin is the money of the future, I believe in this even though now many people are against it.
The convenience that Bitcoin has is much better when compared to the Fiat Money that we now use.
But it's not that easy for us to use Bitcoin as a currency, because the very volatile value of Bitcoin makes many people worry. So for now Bitcoin is more suitable for trading and investing in the future for profit.

The high volatility of bitcoin is definitely a great barrier for fast adoption of crypto. People worry that if they own crypto, the value will suddenly decrease making them totally devastated. But i don't think this concern will not be addressed once bitcoin becomes an option to fiat. Once the government accepts and legalize bitcoin as part of financial system, then they will surely find solution to this how to lessen volatility.

[mrongoz22]

Bitcoin is the money of the future, I believe in this even though now many people are against it.
The convenience that Bitcoin has is much better when compared to the Fiat Money that we now use.
But it's not that easy for us to use Bitcoin as a currency, because the very volatile value of Bitcoin makes many people worry. So for now Bitcoin is more suitable for trading and investing in the future for profit.

I agree with your opinion, if we look at bitcoin's footprint, bitcoin must have a very good future, and which will certainly be held by all elements, but for us to make bitcoin as a currency, I think it's still early, and not yet the time, because bitcoin for now is better for us to make assets so that we can generate profits in the future..

[ninkdwi]

Bitcoin would be a global currency but not now . It would be someone future money like pension money at the end of age. It would be secured money for widows. I reserve Bitcoin for my child and wife for better lifestyle.

why do you think like that? I think you are being overconfident by saying bitcoin will be global money in the future.
because it needs some adjustments and I'm not sure it's acceptable to everyone.
just like and don't expect something like that to happen

[molsewid]

Bitcoin is indeed not a fully legalized currency in all countries, but the advantages are indeed capable and more visible in its increasing popularity until now, this is really a part of the future's things.
In essence, the government is still too concerned about bitcoin's risks.
even though the government seems to be slowing down bitcoin, bitcoin will not weaken, I think the government will slowly realize that bitcoin is a part of people's lives in terms of finance, which is indeed worth taking.

Everyone is looking forward for a legal adoption of every government on the existence of cryptocurrency today especially bitcoin. The popularity of bitcoin or cryptocurrency today is unstoppable and many more people get involved with cryptocurrency, many got curious about this future money and yeah there are already many who have gained a great profit from this platform. And I think the biggest advantage of this platform is its decentralized essence which a government wouldn't have any control of it which I think maybe the reason why some of the country's have had announced it as banned.

[MFahad]

Bitcoin would be a global currency but not now . It would be someone future money like pension money at the end of age. It would be secured money for widows. I reserve Bitcoin for my child and wife for better lifestyle.

Bitcoin global currency is not something which will happen over night. The governments will never let this happen and they don't want to lose the control over the financial system if this happens.

[Renampun]

...

Am I right? What do you think?

yeah..Bitcoin is the future asset and currency of the world...

negative news or FUD will continue to be circulated by the government in order to fight the increasing number of people who use Bitcoin, the government is more supportive of what they can control but Bitcoin can't. Bitcoin will continue to be strong, everything the government does to suppress Bitcoin will always be in vain.