Bitcoin on the path to global acceptance

[Lembo69]

Bitcoin is no longer just an idea. It is gradually gaining acceptance in the global financial system. In 2021, El Salvador accepted Bitcoin as a legal investment. In addition, the Central African Republic declared Bitcoin as a legal investment and financial currency in 2022.
Also, countries that have not accepted Bitcoin as legal, countries that have not legally legalized Bitcoin, can also realize the importance of Bitcoin over time. Due to technological advancements, global economic policy changes, and increasing people's confidence in digital assets, many more countries will recognize Bitcoin in the future, also know how people around the world are accepting it.
https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp


Why should all countries adopt Bitcoin?

• A decentralized financial system
• Protection from inflation
• Transparency and trust

Adopting Bitcoin does not mean abolishing national currencies, but rather an alternative, a safeguard and a preparation for the future

[Mhizlove]

What I do understand from here is that bitcoin has moved from the theoretical aspect to reality now. You see some countries has accepted it while some that has not legalized it yet, but they are gradually realising that bitcoin is mportant as digital money is gaining global recognition.

Bitcoin is very attractive because it's not controlled by anyone, it can also help in protecting value against inflation and again it's very transparent. Noted that accepting bitcoin don't really mean that a country's currency will be forgotten rather it's another way of saving or a backup plan for the future as the world now is moving towards digital finance.

[Plutomanian]

This is not the time to be sleeping around and leaving the main obligation. Bitcoin have grown beyond our imagination and picture. Bitcoin is widely acceptable in most of these European countries and we know these countries have making good use of bitcoin interms of business transactions and also general acceptance in shopping malls and business firms. Bitcoin is the future and its definitely going to rise more investors to the top.

There's absolutely nothing to be scared about Bitcoin because it's very important it shows development over the years and the lives of investors changing for the better. There's no proper way we can enchanced ourselves to become acquainted with Bitcoin without learning the basis of the market and how Bitcoin operates. I know it's going to be a tough one but let's just get started, there will be huge differences and major growth.

[Livingleged]

In as much as it is taking time to gain adoption, we all have seen how far bitcoin has gone in proving worthy of investing in. The country that were ahead of others have done their research and came to realize that it is the real deal. The reason why some countries feel it’s not what they should adopt is due to significant structural and practical challenges, one which is it price volatility  and technical scalability limit  and let me not forget it’s user friendly,
The price isn’t stable often affected by speculations  and market sentiment making it not suitable for short time stores or everyday exchange.
The user friendliness i was talking about is that not everyone can actually understand how it works managing private keys and securing funds from theft or loses might not be an easy task for an average person thus hinders global adoption.

But with time and gradual transition and institutional adoption growing with major financial firms and the approval  of bitcoin ETFs has proven it legitimacy i believe it will get to that level where it will gain adoption globally

[Ambatman]

All the reason wey u mention nor really show why dem dey buy ahn
Dem nor even care about this one
For their head na digital Gold and that's matters
Decentralised and the likes appease us but them that wants control and knowing things they shouldn't
Would be against this hence why dem dey push for kyc.

[Asiska02]

Why should all countries adopt Bitcoin?

• A decentralized financial system
• Protection from inflation
• Transparency and trust

Adopting Bitcoin does not mean abolishing national currencies, but rather an alternative, a safeguard and a preparation for the future

Using the term, a decentralized financial system should not be the idea to sell more to people about bitcoin acceptance. Analysis have clearly shown that only a centralized financial system will have the final say on the decentralized system looking to get accepted globally.

Protection from inflation is a more suitable term to use. The investment in bitcoin is on a increasingly movement which tends to grow the result of the investment overtime, with a much more minimal investment time of four years, your investment outgrows to be at an edge over inflation for you.

Transparency and trust found in bitcoin is second to none, it is an asset that is tested and trusted overtime, so this point will really sell to push for the adoption of the project globally than one can imagine. But when the system is self centered based, there is no way decentralization will make a pathway here.

[Ronsbit]

It is no longer news or a new thing that Bitcoin is gradually gaining traction as the global adoption is fast taking shape, as we can see it. There are lots of benefits to gain from Bitcoin if countries begin implementing Bitcoin into their economy, just like ElSalvador did years back. They made a good profit from their investment as a national reserve, and this prompted other nations to follow the same step. Today, the adoption is fast and gradually growing, seeing many nations adopting bitcoin as their national reserve, while some are looking at working out bills to be adopted in favour of bitcoin adoption in their various countries.