Bitcoin will be more effective in the future

[Ryker1]

Bitcoin dominance and interest from all over the world has never been so high. This is to say that most people have their eyes on BTC and for good reasons too. BTC is becoming the new store of value asset, and with almost all industries making changes to enable crypto payments is saying to the rest of the world that we are getting closer to a digital payment system, and that BTC will not be falling short from the center of this revolution.

Well, it sounds like this will really happen and that is true.
More and more people who held bitcoin for the purpose of store value the bitcoin will become expensive, in the future --bitcoin is more valuable than today and perhaps accumulating is difficult because of its value. However, regarding government acceptance, there are instances that the bitcoin enthusiast will always be regulated by the government even though this is not manipulated. That is how bitcoin in the future.

[sherenikaw]

I think there is a reason why a country bans bitcoin because it could be that they are not ready for what will happen next. bitcoin is now worldwide and increasingly popular so it is impossible for a country to not know it, it's just that they choose to accept or ban bitcoin in their country. if we look at the development of bitcoin in the last few years we will know how it developed and I also hope that in the future bitcoin will be more effective where I hope that more countries will accept it so that bitcoin can be widely accepted.

[clint25n]

with the very long duration of the bitcoin world, it is not impossible for us to say that bitcoin will be more effective in the future, where we see that there are currently more and more miners to invest in the crypto world, the basic benchmark is what we can call bitcoin will be very effective for the future and there are more and more enthusiasts of bitcoin

[OrangeII]

Well, the fact that governments ban bitcoin or cryptocurrency is not because they don't know it, it's because they see the potential for bitcoin and altcoins to reduce the use of Fiat. because of this they prohibit the use of bitcoin, and some countries prohibit the use of crypto as a medium of exchange but can be used as an investment tool.

however, I firmly believe that the future of cryptocurrencies will be very good. Apart from the negative effects, the current use of cryptocurrencies is very much stimulating the potential of people. such as trading spirit, business development, reduced unemployment, and many more. even companies that used to reject crypto such as PayPal, Google, and others, are now slowly re-accepting it. I am very sure, the government will surely slowly look at crypto and develop it as well.

[newwest]

Why future? It's already an effective financial tool in the present so I don't exactly think that it's going to be any different in the future. For me, the only thing that will change in the future is that there will be more people that's going to use bitcoin and the prices are definitely much higher than the last time.

1 thing which can make it more effective is that where merchants in your country stats to accept the bitcoin as a payment, that will help people to buy/sell anything using bitcoin which is currently mostly in fiat. Some countries are still not made it a legal tender and some have banned it. So once we have a wider countries making it a legal and accepting it bitcoin would be more changing hands.

[bitterguy28]

Why future? It's already an effective financial tool in the present so I don't exactly think that it's going to be any different in the future. For me, the only thing that will change in the future is that there will be more people that's going to use bitcoin and the prices are definitely much higher than the last time.

1 thing which can make it more effective is that where merchants in your country stats to accept the bitcoin as a payment, that will help people to buy/sell anything using bitcoin which is currently mostly in fiat. Some countries are still not made it a legal tender and some have banned it. So once we have a wider countries making it a legal and accepting it bitcoin would be more changing hands.

this will never start if we will not make a starting point , we are the one who will be responsible for the merchant growth by letting people that we are accepting bitcoin in our services or even in our small businesses meaning we are opening the door for possible usage of crypto specially bitcoin.
we are continuously asking for adoption but we are doing nothing just Buying and selling , if this is our only contribution then never seek for adoption because this will never come.

[MetaStarter]

We strongly believe that crypto is going to be a vital part of our lifestyle in the upcoming years. We can expect positive approach from the authorities regarding regulation of crypto in a positive way. Not just the bitcoin but the all the good projects will do the impressive transformation.

[Abiky]

It will for sure.

Those countries just don't like bitcoin for now but they will eventually accept it if they see that the first world countries are giving some nice words about it.

And as of the moment, they can restrict it as much as they want but its progress will never be stopped.

Every technology improves over time. Bitcoin's blockchain technology is no exception. Developers are working hard day and night in order to ensure Bitcoin remains decentralized and scalable at the same time. Some countries have recognized Bitcoin's true benefits relative to Fiat. El Salvador is the first country to adopt Bitcoin as legal tender. Other countries might follow as they see Bitcoin as Gold's successor.

With due time, Bitcoin will be able to scale to millions of transactions per second without compromising its integrity. The Lightning Network is an answer to Bitcoin's scaling problems. It may be complicated for the average person to use, but that could change in the future. With improved user experience, adoption for Bitcoin's off-chain scaling solution will grow like there's no tomorrow. Bitcoin will never be the same as it is right now. It will become bigger, faster, and stronger than ever. Governments that are against Bitcoin will eventually give up, as they recognize their efforts are in vain. That's because Bitcoin's decentralized and open source nature makes it truly unstoppable. The future looks bright for Bitcoin as Fiat continues to decline due to inflation. Just my opinion

[Mr.sprin]

Talking about the future, it is clear that bitcoin is a highly prioritized digital currency. How not just now that bitcoin has become a favorite of billionaires, they believe bitcoin as their asset will definitely be the first choice for profit in the future.

[Wong Gendheng]

Talking about the future, it is clear that bitcoin is a highly prioritized digital currency. How not just now that bitcoin has become a favorite of billionaires, they believe bitcoin as their asset will definitely be the first choice for profit in the future.

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There are now hundreds of millionaires and major world companies investing in bitcoin, this makes daily bitcoin transactions continue to increase and now reaches at least $ 50 billion per day, this proves that the future of bitcoin will be bright so that by continuing to buy bitcoin, we have the opportunity to get big profits.

[livingfree]

Talking about the future, it is clear that bitcoin is a highly prioritized digital currency. How not just now that bitcoin has become a favorite of billionaires, they believe bitcoin as their asset will definitely be the first choice for profit in the future.

It's not actually the billionaires first choice as their asset.

They have various of assets on their portfolios but those that have bitcoin makes sense that they're also leaning forward to the great future that awaits for bitcoin.

And that's the sign for those people that still don't like bitcoin, if these billionaires are investing on it, why wouldn't they?

[celot]

The government banned bitcoin because of its uncontrollable nature. But that's not an excuse..because bitcoin is better that way. Give freedom to its users without any government intervention. It's worth it if bitcoin can be better in the future.

[ropyu1978]

The government banned bitcoin because of its uncontrollable nature. But that's not an excuse..because bitcoin is better that way. Give freedom to its users without any government intervention. It's worth it if bitcoin can be better in the future.

true as you said, indeed bitcoin has proven to be feasible for the future, because there is no government intervention and no third party interferes in bitcoin, we can do whatever we want, with the bitcoins that we have, maybe that's the reason why bitcoin is better for the future..

[dark1234]

In big countries, it is an investment that has many enthusiasts. However, in small and developing countries it is prohibited. I think the underlying reason is that as the Financial Services Authority, this government agency has a vital role in maintaining the existence of the value of the state currency in society. Therefore, the use of Bitcoin as an alternative transaction tool is prohibited from circulation. But the Bitcoin phenomenon that is spreading on an international scale has provided ideas for some governments. It is possible in the future, that later physical money can be represented with digital money. Of course the government will test it first. Let's not disturb the people who take part.

[syedakhlaque]

Although bitcoin is going in business for more than 10 years many countries still do not know its importance and benefits for their country. They do not know how to legalize it but they are still analyzing the ways to regulate cryptocurrency. Overall, the bitcoin financial network is spreading so fast that its flow can't be controlled. It is used by the people as earning source throughout the world whether it is legal or illegal. Accepting its importance it will have to be recognized in the future. The future of bitcoin is bright.

[dificanovi]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

yes as time goes by the youths around the world will push Bitcoin to become the legal currency around the world. we can see at this time that bitcoin has gone up very high and its holders have made a lot of profit, I see that bitcoin has a positive impact on people around the world.
So, it's not wrong if I say bitcoin will be very useful and very effective in the future.

[qwertyup23]

The government banned bitcoin because of its uncontrollable nature. But that's not an excuse..because bitcoin is better that way. Give freedom to its users without any government intervention. It's worth it if bitcoin can be better in the future.

true as you said, indeed bitcoin has proven to be feasible for the future, because there is no government intervention and no third party interferes in bitcoin, we can do whatever we want, with the bitcoins that we have, maybe that's the reason why bitcoin is better for the future..

What the government wants is control over all of the transactions happening in their respective countries. If there is something that is beyond their control or reach, they would classify it as a potential risk to their power of control. That is why, there are countries that prohibit the transaction of BTCs or cryptocurrencies in their country.

While this may be happening to some, other countries see the beneficial of the blockchain technology in implementing it as an alternative mode of payment.

[Woodie]

Totally agree, at the moment in some countries bitcoin regulation is still under a bill and still debated upon whether this is a technology that will benefit the people or not and if it gets assentment then the next generation will be enjoying using crypto without much restrictions .

For some other places it's an issue of waiting for the infrastructure to be built on so that it's easy to use it generally and probably help people understand the cyberspace  better in terms of security which is very important to secure our crypto assets.

[Shasha80]

Totally agree, at the moment in some countries bitcoin regulation is still under a bill and still debated upon whether this is a technology that will benefit the people or not and if it gets assentment then the next generation will be enjoying using crypto without much restrictions .

For some other places it's an issue of waiting for the infrastructure to be built on so that it's easy to use it generally and probably help people understand the cyberspace  better in terms of security which is very important to secure our crypto assets.

Some countries do need time to study Bitcoin more deeply, because they don't want to make the wrong decision. So some countries began to
gradually accept Bitcoin, many countries only legalized Bitcoin as a digital asset only. So the Bitcoin adoption process did end up being hampered
by current government regulations, but I believe this will only be temporary. In the future there is the possibility of Bitcoin being legalized in
all countries, so we really have to be optimistic about the future of Bitcoin. What we need to do now is be patient with the current conditions,
after all, the government's concentration is still focused on the pandemic problem. So we may have to wait a little longer for the government to
really think about the Bitcoin issue, if we see the development of Bitcoin which is increasing quite rapidly, it should indeed be in the future Bitcoin is
much more effective than it is today.

[jakdanyel]

I'm sure that there are some governments also like they think that Bitcoin is a Ponzi scheme.    But most of the governments don't lean towards even accepting Bitcoin as a payment method because of its high volatility and completely different nature. However, digital currencies are our future. Governments can't resist them forever in the end. I think at some point, Bitcoin will be accepted by nearly all the governments and it will be much more effective than now like you indicated.