The future of Bitcoin

[Wakate]

~snip~

Even before where no companies haven't use it as other mode of payment us that bitcoin is still growing until there are companies that starting doing it so companies doing it right now is only making it more known to many people when someone go to their company to buy if it's a store and more. An example is about bolivia accepting crypto as payment for trade for the product that will be sold. When that happens then a lot of people and even companies will also do it which will result in mass adoption.

Many people are getting to know about Bitcoin through different means which includes crypto ban, adoption of Bitcoin, regulations and news. People get to learn and understand what Bitcoin actually is because they keep seeing it on the Internet and hearing from the news which do cause a lot of curiosity. Bitcoin adoption is increasing and we are going to see more as time goes on. Trump has already announced Bitcoin reserve and other states are also planning to have there own reserve which is a good news to the future of Bitcoin. Holding Bitcoin is going to be profitable in a long run as time keeps going.

[Josefjix]

......

This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up.  The current view of Bitcoin is far from Satoshi Nakamoto's original goal. 

bitcoin don't need to be used as money for transaction of buying and selling for bank or government to be excluded from it control. already bitcoin serves as an asset and also as a currency so we can not neglect it value as an asset for transaction. the reason why government and bank are not in support of bitcoin is not even because it is is use as an asset to buy and hodl but simply bitcoin is a decentralized asset that runs on blockchain which can not be controlled or manipulated like fiat. so bitcoin is the worst nigh mare of banks and it is the opposite of there theory.

If the government is blaspheming the use of Bitcoin and trying to tarnish the name and reputation of Bitcoin as well as cryptocurrency, then that fight won't be won and will never be to be checked out because it's kinda hard to figure out the central point of Bitcoin, no where, so who the government gonna hold and punish for such mistakes. No body.

I'll never stop saying this, Bitcoin is the newest innovations to bank just like emails to post office, Bitcoin is solving multiple problems, serves as money, assets, currency, means of transactions and more to be evolving soon in the market times to come.

[Marvell1]

Blame the mainstream media for spreading the "store of value" propaganda to the people. Now everyone believes Bitcoin is some sort of Gold alternative or "get rich quick" scheme. Besides, there's the issue of market price volatility. How can anyone use BTC as a currency this way? Unless you don't care about Bitcoin's value in Fiat terms. Then there's the issue of limited transaction capacity, which results in high network fees and slow confirmation times.

Because of this, I'm afraid BTC will remain a store of value forever. Still, it's a free (as in freedom) currency. You can use it any way you wish. Hopefully, Bitcoin replaces Fiat in the future. I mean, that's the dream. Right?

Why blame the media when we are the ones directly using bitcoin as an investment even though we all know very well the original purpose of bitcoin? I tend to agree with what CryptoBuds says. We should not blame anyone when we have contributed to bitcoin straying from its original purpose.

As for making legal tender it is also very good and seeing from this data actually apart from El Savador there is also the Central African Republic which has made bitcoin a legal tender so far.

I think this data is too old because bitcoin is no longer legal tender in the Central African Republic. They claim that their attempt to make bitcoin legal tender in the country failed after just one year.
https://www.nasdaq.com/articles/the-fall-of-bitcoin-in-the-central-african-republic:-why-this-legal-tender-experiment

[Innocant]

Do you go to the market to buy your daily necessities with your gold?  Do you use gold to make your payments?

Ever since paper money was taken off the gold standard and used as the sole medium of exchange, people started holding gold only as an investment.

If you wants to trade it like as usual you need to change the view of Fiat currency on people and we need to go back to Gold Standard only then we can freely trade and consider Bitcoin as a digital currency for trade each other not holding it and pump it to sell. It's us who decide what will bitcoin be.

Although bitcoin is tradeable, you can use it as a payment currency. Right now maybe not a lot of country of system accept this method but day by day people's are thriving to accept this method.

[FortuneFollower]

Do you go to the market to buy your daily necessities with your gold?  Do you use gold to make your payments?

Ever since paper money was taken off the gold standard and used as the sole medium of exchange, people started holding gold only as an investment.

If you wants to trade it like as usual you need to change the view of Fiat currency on people and we need to go back to Gold Standard only then we can freely trade and consider Bitcoin as a digital currency for trade each other not holding it and pump it to sell. It's us who decide what will bitcoin be.

Although bitcoin is tradeable, you can use it as a payment currency. Right now maybe not a lot of country of system accept this method but day by day people's are thriving to accept this method.

BTC is good for bigger purchases, for smaller ones - fiat is still the choice for most.

[MahJongss]

The future of Bitcoin depends on how successfully it can maintain its key principles: decentralization, limited emission, and censorship resistance. If it continues to develop in this direction, it can become the foundation of a new financial system free from government and corporate control. However, it has many challenges to overcome, including technological constraints, regulatory barriers, and competition.

[FortuneFollower]

The future of Bitcoin depends on how successfully it can maintain its key principles: decentralization, limited emission, and censorship resistance. If it continues to develop in this direction, it can become the foundation of a new financial system free from government and corporate control. However, it has many challenges to overcome, including technological constraints, regulatory barriers, and competition.

BTC will be more appreciated by any party, big or small. Time is the best judge here.

But it still has many challenges to overcome