Why we may continue to see a slow adoption of Bitcoin in developing countries.

[Furball808]

When we look at the advantages of Bitcoin, we point towards the ease or would have on solving the problems of flat currencies in the economy of developing nations, instead we see a strong resistance to follow the lead of nations like El Salvador and fully adopt Bitcoin.

Bitcoin does not solve the economic problem of a country like magic, yes, it may open new ventures, but somehow the government needs to do lots of work in order to take advantage of the potential in Bitcoin, but that is not a sure thing. One example is the country of El Salvador.  Did it prosper yet?

Well they stopped that venture. Or maybe not completely stop but they were forced to pause some of what they were doing because of a debt as well. These countries still worship the fiat and even if they approve of crypto, they can’t let go of fiat that easily.

[Uhwuchukwu53]

Every system in the government all over the world has it magic, no matter how we talk about eliminating of corruption it can't be totally eliminated but can only be reduced where people may not mostly focus on it, most developed countries, the printing of fiat has always been a system of making more money more also having access to devalue other developing countries currency through the policy and condition given during borrowing all this are strategic means or measure to control, they know with Bitcoin manipulation that occurs in the fiat where those control impose by the developed countries exercise will not be possible, the amount of money most developed countries lend to developing nations on fiat in BTC will be hard for some nation to borrow besides they will not have access even if they do to devalue their currency because all are operating in one currency.

[Danica22]

Yes, I think nobody says that Bitcoin can save us from poverty, nowhere in the Whitepaper that you can find it. Nevertheless, it's our option to get out and be financially independent if we really look closely as how it grows in the last couple of halvings and if someone just hold on it for 4 years or more, they could be rich if they are living in a developing country. So I guess it depends on the situation, of people who are living in such developing countries are smart enough, then maybe they could have adopted it. But in order to fully embrace by the nation, government is the first one that should push it to their population. Like what El Salvador lead, a President who understands Bitcoin until IMF wanted to stop them.

Like many other financial instruments, Bitcoin is a solution that can help us escape poverty if we know how to use it correctly. However, I do not think it is easy to get rich from it, and only by holding it for 4 years or more.

How rich would you become if you invested just $100 or $1,000 in it, even if you held it for 10 years, let alone 4 year? As in the recent bull cycle, Bitcoin has only increased by about 80% from its previous peak (from $69k to $126k). How can you become rich if your initial capital is not large and Bitcoin can not increase thousands of times as it did before?
The era of getting rich with little capital is over.

[348Judah]

Bitcoin is not for a developed country or the one that is just coming up, the intention for creating bitcoin is for everyone of us to have access to it irrespective of our country or tribe in which we belong, that is why it was made a decentralized digital currency, just to avoid any form of regulations and government policy around its network, one thing I am rest assured of is that bitcoin cannot be rejected and adoption cannot be denied, because it's the solution to the world's financial challenges, while adoption rate has always been increasing.