Bitcoin Forum
May 02, 2024, 05:35:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Cryptocurrencies are now playing a major role in regulating the economy  (Read 155 times)
Huppercase
Hero Member
*****
Offline Offline

Activity: 756
Merit: 515



View Profile
August 20, 2023, 05:21:08 PM
Merited by Issa56 (2)
 #21

A significant surge in cryptocurrency investment has swept across the globe. Every country worldwide is now actively considering their stance on cryptocurrency. Cryptocurrency was even at the center of the US election. Various studies have shown that cryptocurrencies could dominate the economy in the next few years. Despite the political divide in America, Republicans and Democrats agree that cryptocurrencies will dominate the economy of the future. A survey found that more than half (53 percent) of Americans see crypto as the future, including 59 percent of Democrats and 51 percent of Republicans.

Currently, Americans want the regulations for crypto to be more transparent so that they can adopt it better. Republicans and Democrats also agree on the need for regulation to ensure that it becomes a safe investment option for American investors. 4 out of 5 Americans have a positive view of crypto. The acceptance of crypto among the American youth is so high that the American government is also paying special attention to it. A majority of older voters among American citizens also believe that crypto will create a more equitable economy with less reliance on banks and financial intermediaries. Crypto is currently the top investment choice for people aged 18 to 40 in this country. In almost every country in the world, the positive attitude towards crypto is increasing day by day, as a result of which cryptocurrency is going to play an important role in the economy in the future.

Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?

They need survey to tell them this, the main source of crypto market money sit in the united state which is about $82B and not only used by the US alone, it is now part of the Defi and Cefi in crypto space and regulating it will only work for the Cefi which we all regard as the centralized finance of the cryptocurrency. Regulation might work though but will be restricted to the US citizens, the man who live outside the united state don't give a damn about their stance about crypto.

If your stats are correct, I have a feeling that they are going to pass a bill that will favour people because you just said about 53% of the Americans see crypto as the future, if they don't do it, another person will use it to campaign in the future to win in order to pass the bill. There were rumours surrounding a wallet that contains about $500k in Eth that may belong to Donald trump and we all seen how he has been going underground to create some waves against next year election.

The contribution of cryptocurrency to world sit beyond what politicians think, it's the will of the people and one day, whether they like it or not, they will allow the free of people to work even if the government don't encourage it, so far there is nothing illegal about it, the adoption must agend with the people, either today or tomorrow, or with and without Americans.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK  
          100%   MULTICHARGER  
1714628159
Hero Member
*
Offline Offline

Posts: 1714628159

View Profile Personal Message (Offline)

Ignore
1714628159
Reply with quote  #2

1714628159
Report to moderator
1714628159
Hero Member
*
Offline Offline

Posts: 1714628159

View Profile Personal Message (Offline)

Ignore
1714628159
Reply with quote  #2

1714628159
Report to moderator
1714628159
Hero Member
*
Offline Offline

Posts: 1714628159

View Profile Personal Message (Offline)

Ignore
1714628159
Reply with quote  #2

1714628159
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
lixer
Hero Member
*****
Offline Offline

Activity: 2506
Merit: 586



View Profile
August 20, 2023, 05:23:10 PM
 #22

Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?
I thought we have passed that types of discussions after seeing huge adoption and fight for BTC among different governments and platforms. Everyone is trying to get there hands on BTC. Why? Because they all know BTC is going toward next ATH. And in that journey we will see how it will help those countries who have adopted it as legal tender i.e. El-Salvador. How there economy will boost once the BTC make another ATH.

The thing is, most of the countries still do not want to make money out of BTC or any other crypto related technology. And my country is one of them but I hope one day there will come some educated people who might know how to get benefit from the golden opportunities with time.
I believe for Bitcoin or cryptocurrencies to make an economy regulated, they don't really need the government to make investments in them publicly or make them legal tender, as long as a country is okay with them being used by their citizens and are simply just putting some regulations on them only for the safety of their investors. Bitcoin is already pretty popular all around the world but most countries don't yet have any rules or regulations for it.

It will definitely be a big challenge for governments and traditional financial systems to accept this change and allow people to have direct access to their finances and financial activities since that will basically take away the control that they previously had over their citizens or people.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!