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Author Topic: The future of Bitcoin and its potential to transform the global economy  (Read 239 times)
kryptqnick
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March 22, 2023, 07:05:29 PM
 #21

The facts that Bitcoin can't be controlled and monetary policies or fixed prices can't really be imposed on it both give financial freedom to people and make all sorts of authorities and traditional economic actors (like banks) wary of it. After all, financial control is very common in current politics and economics, and this sort of lack of control is unprecedented.
As for the necessary steps, the AML regulations already exist, education is slowly and sporadically being implemented, and I think blockchain has seen plenty of investments. What I believe is needed is more trust in individuals and a belief in financial freedom (and responsibility that comes with it), as well as more demand for Bitcoin as a payment, so that merchants are motivated to adopt it.

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