Bitcoin will be more effective in the future

[mrongos]

Satoshi Nakamoto designed bitcoin as a decentralized technology system in the hands of its members. There is no single intermediary or intermediary that is able to control or intervene in the natural cryptographic rate and digitization of the demand and supply of Bitcoin transactions in the market. Everything is based on the law of trust, and trust is the underlying transaction of Bitcoin. Trust in Bitcoin is also what then drives supply (offer) and smoothes out demand (demand) for the product. From that reason, it can be said that bitcoin will be more effective in the future.

[1714933174]

1714933174

[1714933174]

1714933174

[1714933174]

1714933174

[1714933174]

1714933174

[1714933174]

1714933174

[1714933174]

1714933174

[yhiaali3]

I said this earlier in one of the topics Yes, members of the government at the present time are mostly elderly people who are very old and who find it difficult to accept new changes easily, there is always a conflict between the old and the new and it is difficult for the elderly to give up their old things that they used to use since A long time, but at the end will come a generation of young people in government who will know the value and importance of Bitcoin and believe that the Bitcoin era has begun and that the train of progress cannot be stopped.

[rikybrosh]

I think the reason why some countries didn't care about bitcoin is because they are rich country, poor country which don't have many mining sites and other earth resources are very depend on other thing like technology creation and market. For example is South Korea, I think this country can be good environment for cryptocurrency users as it is a developed country which has good infrastructures, this country depend on export business  which mean they have to always give so much effort to compete in the world trade, in my opinion if they fully adopt bitcoin as payment method then it will ease them to improve the economy of their country. So I think in this case age is not a matter, the important thing is how good their government can make good plan for this. But I still agree with you that bitcoin will be more effective in the future because, many bitcoin users in my country are mostly young people, even some are still at highschool. This is one of my reason to hold bitcoin because it has good potential in the future.

[Rajamuda]

There is no doubt that this has indeed happened and will continue into the future. From now on, of course it is increasingly visible, the popularity of bitcoin is increasing and the demand rate (investors & traders) is getting higher, which has been proven that the price of Bitcoin tends to increase from year to year.

I personally still believe that there will be more projects related to crypto, it's impossible that countries that have not legalized bitcoin/crypto will be able to completely ban it, the citizens will still continue to have strong ties to bitcoin/crypto because of the benefits or in terms of its advantages.

[jinneas]

In the digital trend, human beings and their wealth are migrating to the Internet. The traditional financial order is being deconstructed, so central banks of all countries are establishing their own digital currency systems, more institutional investors are transferring traditional assets to digital assets, and blockchain-based decentralized finance is emerging.
Over time, millennials will become the most important part of the investment world, so Bitcoin and gold will compete fiercely, which is beneficial to Bitcoin's long-term upward trend. In the long run, Bitcoin still has a lot of room to rise, and it is a cryptocurrency with the most potential that is full of unknowns in the future.

[Melody kdl]

The government is not stupid. What can we consider. The government is more transparent than we thought, and more transparent than our understanding. For example, China suppresses virtual currencies. Is it because China does not understand virtual currency? No, because virtual currency threatens China's own currency, its instability and uncontrollability make the Chinese government choose not to support it. Socialist countries like China will not allow their citizens to use virtual currencies extensively.Therefore, the different decisions of each country are like everyone's different ideas. How to choose is also the decision of the national government.

[AniviaBtc]

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.

It is only government to blame for banning bitcoin and other cryptos. Because it all depends on the mindset of the leadership. If you see examples of progressive countries like US or Japan, they are the first ones to adopt the usage of cryptos. Now take an example of regressive leadership like India or Bangladesh, they are seeing it as a threat! So it all depends on the mindset of the leadership on how they want to provide financial freedom to their citizens. It doesn't depend on whether the officials have used it or not! It doesn't have any impact on the policy decisions!

Also the excuses that most of the governments who are scared to engage in cryptocurrency that I know is that, they are having a problem regulating it in their country.

Hoping that governments like India and Bangladesh will spend their time studying why bitcoin and other cryptocurrency matters in the economy and in the society.

Not all of us are given an opportunity to invest and benefit cryptocurrencies in them market and economy.

[Kimonoe]

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.

It is only government to blame for banning bitcoin and other cryptos. Because it all depends on the mindset of the leadership. If you see examples of progressive countries like US or Japan, they are the first ones to adopt the usage of cryptos. Now take an example of regressive leadership like India or Bangladesh, they are seeing it as a threat! So it all depends on the mindset of the leadership on how they want to provide financial freedom to their citizens. It doesn't depend on whether the officials have used it or not! It doesn't have any impact on the policy decisions!

Also the excuses that most of the governments who are scared to engage in cryptocurrency that I know is that, they are having a problem regulating it in their country.

Hoping that governments like India and Bangladesh will spend their time studying why bitcoin and other cryptocurrency matters in the economy and in the society.

Not all of us are given an opportunity to invest and benefit cryptocurrencies in them market and economy.

Actually, if the government introduced bitcoin earlier, then I think the community will benefit and in the end the country will also benefit, considering the potential that exists in bitcoin will certainly make the people prosperous. but indeed there are many factors that the government has considered so that it has not been able to legalize it, but we hope that soon there will be a bright spot

[BobK71]

The future bitcoin outlook is the subject of much debate. Harvard University Professor of Economics and Public Policy Kenneth Rogoff assumne that crypto advocates are predicting  the market capitalization of cryptocurrencies could explode over the next five years and that would be raise in $5-10 trillion. Definitely the future crypto market will be increased. If any government ban  crypto it will have nothing to do with crypto. Crypto will run at its own way. it may have a bad impact on the market temporarily, but it will be fixed again. We all know about indian government already ban crypto but the people of this country not stopped they use it more then before.

[Obito]

I think bitcoin's effectivity is already good enough so I don't see how it's going to be any more effective in the future, unless there's other applications to bitcoin that will spring up in the future, I believe that we are already maxed out on that already.

[Reatim]

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.

Bitcoin is designed for long time using , and this is the answer to the economic failure of many countries , and also the answer against corruption but of course government will not support that idea as they are preventing this to be accepted.
there are many of them denies this for their own selfish reasons .

but in future when the people becomes aware and pushes their government about acceptance? then for sure we will see the growth and more appeal of this currency and why we must be thankful to the creator satoshi nakamoto.

we may not seeing this by now but soon , the whole world will make this as a shout of success .

[Kakmakr]

I think you will be amazed if you knew how many government employees might be invested in Crypto currencies. It is not to say, if the ruling party or the government appose Crypto currencies.. that a government employee in his private capacity are not invested as an individual. (Remember... a lot of these government employees did not vote for that ruling party or they simply differ with the ruling parties view on the matter)

The younger generation might be more progressive and they quickly adapt to new technology, but they skip from one technology to the next... so Bitcoin might be the latest "cool" trend for now.... but it might be replaced with a new "cool" token in the future.  

[nicecrypto]

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.

IMO, it is not because the Government that is banning Bitcoin and other cryptocurrencies in their country don't understand what Bitcoin is and how it works or know the value of it, it is because they do and they understand that this is financial freedom for the people and that they can no longer have that full control of their financial system if the freely allow cryptocurrencies to flourish the way it is going, that is why some of them are having this ban on crypto.

[Robinson66]

This depends on whether the government prohibits bitcoin.
In the future, it will be more and more friendly. More and more people know Bitcoin. Understand the knowledge of Bitcoin. So Bitcoin will be more effective in the future.

[Zilon]

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.

You can't say the government in some countries banned bitcoin because they don't know the importance. It's the fear of losing out on the control of it's Citizens financial transactions as well as the fear of increase in cyber crime due to the anonymous nature of bitcoin. But I hope that since Bitcoin is secure and transparent it will be accepted in the near future even if not completely but it will be able to solve some critical societal issues.

[lightning0]

People are aware of the benefits that Bitcoin brings, and their acceptance and recognition are getting higher and higher. More countries are now accepting and legalizing cryptocurrencies.

Over time and with more adoption and use cases of bitcoin, it will become more effective. Bitcoin will become the most valuable digital asset in the future.

[gwdf1]

I strongly believe in Bitcoin and its future potential. I think that it will definitely be more widely-used in the future. Because it is much more convenient to run transactions via blockchains than bank systems. I can say that no banks will not allow transaction value of several millions dollars without a big pile of documents, also this transfer will be too long and expensive.

[Kelvinid]

People are aware of the benefits that Bitcoin brings, and their acceptance and recognition are getting higher and higher. More countries are now accepting and legalizing cryptocurrencies.

Over time and with more adoption and use cases of bitcoin, it will become more effective. Bitcoin will become the most valuable digital asset in the future.

IF they are already aware of the importance of Bitcoin for us, they never have to ignore this thing but instead, they will give support. Unfortunately, it was not the thing we've been experienced, in fact, some countries continue banning cryptocurrency. I'd never think they are blind and not able to see this but of some personal interest brings these leaders not to offer their support.

Of course, I'm not losing my optimism, sooner or later these leaders, the government will open their minds and welcome Bitcoin.

[nightxglow]

It will surely be effective, even now I guess most of young generations prefer cashless transaction using e-money or digital wallet, at least in my country, that's the case. Especially there are a lot of e-money giving lots of promotion and such in my country, so people rarely use cash since they want discount and such. Although bitcoin doesn't give discount or something, but bitcoin surely is valuable and worth high, so i know that if bitcoin is becoming more common, more merchants accept bitcoin, there might be a lot of people going to use bitcoin later on. Even now, i never bring any cash anymore and only use e-money or digital wallet, although not bitcoin since it's not accepted in my country. But once it's accepted, i might use it as well.

[Qirtov]

Judging from the current cryptocurrency users, some of them are still easily ranging from (18-50 years old). This shows that millennials are more open to bitcoin, this does not rule out the possibility that in the future crypto will continue to experience a pump and you can take advantage of this a little. When in the future the current millennial generation will turn old and feel what their parents often do.