Bitcoin's impact on which country in the next four years

[AprilioMP]

Now the question is whether Bitcoin will be able to maintain the economic leadership, global influence and power of any country in the next 4 years based on its own technology, or is it just a technology that carries the meaning of digital currency and will ultimately remain primarily an investment asset?

Achieving financial freedom on a national scale is a goal and aspiration pursued by every nation in the world. In an economic context, a nation's goal is to improve the welfare of its citizens by ensuring that everything operates fairly and without discrimination.

Bitcoin is simply a peer-to-peer cash system that provides convenience and freedom to all its users, as stated in its whitepaper, not a substitute for or tool for achieving prosperity. I believe that using Bitcoin as a means to maintain economic leadership, global influence, and national power is not yet sufficient, even though it has proven to be the best hedge ever.

[Dr.Bitcoin_Strange]

, or is it just a technology that carries the meaning of digital currency and will ultimately remain primarily an investment asset?

Yes, this was were made much sense to me, Bitcoin is a decentralized digital currency, I believe a lot of Bitcoiner knows the purpose of Bitcoin, not for investment alone, and also Bitcoin is not in competition with anything, anybody that finds Bitcoin useful to them will adopt it and as adopt increased over the year, that's how the value will also increase, so in the next 4 years, we could see a new all time high and most people will be richer than they are because of profits from Bitcoin.

[purple_sparkles]

, or is it just a technology that carries the meaning of digital currency and will ultimately remain primarily an investment asset?

Yes, this was were made much sense to me, Bitcoin is a decentralized digital currency, I believe a lot of Bitcoiner knows the purpose of Bitcoin, not for investment alone, and also Bitcoin is not in competition with anything, anybody that finds Bitcoin useful to them will adopt it and as adopt increased over the year, that's how the value will also increase, so in the next 4 years, we could see a new all time high and most people will be richer than they are because of profits from Bitcoin.

We're seeing this happen continuously. With every new market cycle, more and more people discover bitcoin and start using it for different purposes.Given the current global situation, with military conflicts, geopolitical tensions, and struggles for power and influence, we can't be completely confident about many other assets or how they'll perform in the future.Lately, more people have been thinking about where to move their assets, both for investment purposes and for the convenience of using them. At the same time, financial control and regulation continue to increase, often justified by various explanations.That's why I believe the next bitcoin cycle will pleasantly surprise all of us.

[Minor Miner]

Anyone can use Bitcoin however they like. Although governments and large institutions view it as an investment asset and a means of preserving value, individuals can still use it as a decentralized means of peer-to-peer payment.

It's not used as a national payment in these countries because the government doesn't want Bitcoin as such, while some governments view it as an investment, they legalize it because they can also collect taxes from it.

Bitcoin remains a long-term investment tool, even my own country is now crypto-friendly, with several exchanges growing rapidly, the government also receives significant taxes annually due to the nearly 20 million people involved in crypto.

Governments can be seen as a barrier preventing the use of bitcoin as a method of payment. But it is not entirely fair to blame them either, because in reality, we ourselves are not very keen on using Bitcoin in that way. Most people still view Bitcoin primarily as an investment asset rather than a payment method. That's what we want, not necessarily because the government wont allow it.

El Salvador is an example of this. Although Bitcoin is legal tender there, most people still dont like using it for everyday payments.

[Youngrebel]

Governments can be seen as a barrier preventing the use of bitcoin as a method of payment. But it is not entirely fair to blame them either, because in reality, we ourselves are not very keen on using Bitcoin in that way. Most people still view Bitcoin primarily as an investment asset rather than a payment method. That's what we want, not necessarily because the government wont allow it.

El Salvador is an example of this. Although Bitcoin is legal tender there, most people still dont like using it for everyday payments.

Adoption actually depends on people willingness to spend Bitcoin and since so many people believe that it value will keep increasing, they prefer to save it rather than using it for daily transaction but then government regulation also  play a crucial role because clear policies and support can encourage businesses and consumers to become more comfortable accepting Bitcoin as a means of payment.

[Orpichukwu]

As long as nothing changes about bitcoin network protocols, bitcoin will remain ever relevant. All we need is to understand how it could apply to our various demands and sectors it's been needed in; decentralization is one of the opportunities we have in it and this asset will always remain a valuable and profitable one, while we can still engage using the coin for exchange in buying and selling, as it is known to hedge against inflation.

Bitcoin will remain relevant as long as the code doesn't change and people still see value in it and what it does, and I don’t see it happening on the line where the OP is pointing, which is Bitcoin leading or contributing to a country's economy boasting, which is exaggerating. We can use and spend Bitcoin in many ways, and it can make our international deals swift, but it’s a different case when you want to talk about national economy.

[OcTradism]

Bitcoin will remain relevant as long as the code doesn't change and people still see value in it and what it does, and I don’t see it happening on the line where the OP is pointing, which is Bitcoin leading or contributing to a country's economy boasting, which is exaggerating. We can use and spend Bitcoin in many ways, and it can make our international deals swift, but it’s a different case when you want to talk about national economy.

Bitcoin market cap is very smaller than traditional market cap and it's no longer time for any entity to quickly accumulate bitcoins from mining or investment in short time with considerable amount. Bitcoin is also no longer at growth phase when its price can rise a lot within several months or years so there is no longer millionaires or billionaires made by Bitcoin investment within months or one market cycle.

With countries, it's bigger scale and a national economy can not be changed, improved a lot only by Bitcoin. National economy is related to the national system and infrastructures and things must be solved by governments in systematic and strategic ways, not by Bitcoin.

[yhiaali3]

Anyone can use Bitcoin however they like. Although governments and large institutions view it as an investment asset and a means of preserving value, individuals can still use it as a decentralized means of peer-to-peer payment.

It's not used as a national payment in these countries because the government doesn't want Bitcoin as such, while some governments view it as an investment, they legalize it because they can also collect taxes from it.

Bitcoin remains a long-term investment tool, even my own country is now crypto-friendly, with several exchanges growing rapidly, the government also receives significant taxes annually due to the nearly 20 million people involved in crypto.

Governments can be seen as a barrier preventing the use of bitcoin as a method of payment. But it is not entirely fair to blame them either, because in reality, we ourselves are not very keen on using Bitcoin in that way. Most people still view Bitcoin primarily as an investment asset rather than a payment method. That's what we want, not necessarily because the government wont allow it.

El Salvador is an example of this. Although Bitcoin is legal tender there, most people still dont like using it for everyday payments.

I agree with you. Yes, unfortunately, many people do not believe in Bitcoin as a decentralized means of payment, but only as an investment asset for speculation and profit.

Our view of Bitcoin has changed a lot over the past few years, and only a few people truly believe in Bitcoin in the basic sense for which it was created. Most people only care about the price going up and down and don't care about adoption.

[Rain1620]

Now the question is whether Bitcoin will be able to maintain the economic leadership, global influence and power of any country in the next 4 years based on its own technology, or is it just a technology that carries the meaning of digital currency and will ultimately remain primarily an investment asset?

The way the narrative is shifting from from bitcoin being a hedge against inflation to being a tool for geopolitical strategies is kind of captivating. Your statement concerning America’s one move left actually captured a kind of urgency that certain nations have started feeling. Peradventure, the government start accumulating bitcoin actively as a means to reserve wealth or asset in the next four years, the game will completely change. The narrative will then change from being a speculative tech to economic sovereignty in that nation.

But then let’s come to reality, with honesty, can bitcoin tech alone possess the capability of maintaining a national global leadership without lapses?. It is proven to be highly secure and decentralized but then, if the plan Is to power an entire nations economy for the next four years, we should consider that it sometimes faces an economic scalability issue. Though it’ll give them financial leverage but let’s come to the reality that economic dominance will still be dependent on traditional productivity, infrastructure and good control of resources. This is because Bitcoin is not magical, it’ll not just eventually save a nation that is failing for reasons caused by other factors.

The nation that will acquire the biggest strategic win in the next four years will not be the one that accumulated more coins but the one that focused on building innovative infrastructures and open regulatory projects relating to technology that attracts global techs, capitals, talents and engineers.

[Fiasem20]

Now the question is whether Bitcoin will be able to maintain the economic leadership, global influence and power of any country in the next 4 years based on its own technology, or is it just a technology that carries the meaning of digital currency and will ultimately remain primarily an investment asset?

Bitcoin would only grow rapidly when the masses promotes it’s demand and one thing about the humans and a financial asset is the trust they have towards it.If nobody had trust for bitcoin it wouldn’t grow to this level but because of the trust enthusiasts have for it,it would keep growing in value.In the next 4 years the growth of bitcoin would continue growing and the technological advancement would skyrocket exponentially.Bitcoin won’t only remain primarily as an investment asset rather it would become an asset that would be used for payment internationally,but in this era a lot of persons prefer investing on it instead of using it as a payment tool.

[Lexandroove]

Now the question is whether Bitcoin will be able to maintain the economic leadership, global influence and power of any country in the next 4 years based on its own technology, or is it just a technology that carries the meaning of digital currency and will ultimately remain primarily an investment asset?

Achieving financial freedom on a national scale is a goal and aspiration pursued by every nation in the world. In an economic context, a nation's goal is to improve the welfare of its citizens by ensuring that everything operates fairly and without discrimination.

Bitcoin is simply a peer-to-peer cash system that provides convenience and freedom to all its users, as stated in its whitepaper, not a substitute for or tool for achieving prosperity. I believe that using Bitcoin as a means to maintain economic leadership, global influence, and national power is not yet sufficient, even though it has proven to be the best hedge ever.

If Trump's push of the strategic reserve in the US is anything to go by, it shows that alongside countries such as El Salvador, the United States is intentional about the asset's adoption, especially with the legal framework needed to move the reserve forward being set for a review, according to Patrick Witt. My dollar is on the US

[Minor Miner]

I agree with you. Yes, unfortunately, many people do not believe in Bitcoin as a decentralized means of payment, but only as an investment asset for speculation and profit.

Our view of Bitcoin has changed a lot over the past few years, and only a few people truly believe in Bitcoin in the basic sense for which it was created. Most people only care about the price going up and down and don't care about adoption.

I think the issue isnt that people do not believe Bitcoin is a decentralized means of payment. The real issue is that they simply do not need it or have any desire to use it that way. In other words, most people are not looking for a decentralized currency. What they are really looking for is profit and opportunities to increase their wealth.

That's why Salvadorans do not want to use bitcoin as currency. They viewed it simply as an investment asset like most of us, even though they are free to use it for payments.

[arwin100]

I agree with you. Yes, unfortunately, many people do not believe in Bitcoin as a decentralized means of payment, but only as an investment asset for speculation and profit.

Our view of Bitcoin has changed a lot over the past few years, and only a few people truly believe in Bitcoin in the basic sense for which it was created. Most people only care about the price going up and down and don't care about adoption.

I think the issue isnt that people do not believe Bitcoin is a decentralized means of payment. The real issue is that they simply do not need it or have any desire to use it that way. In other words, most people are not looking for a decentralized currency. What they are really looking for is profit and opportunities to increase their wealth.

That's why Salvadorans do not want to use bitcoin as currency. They viewed it simply as an investment asset like most of us, even though they are free to use it for payments.

That is actually the reality happening right now, almost all people use Bitcoin for investment purposes. This is why many dislike it knowing that Bitcoin price is so volatile and many think that its risky type of investment. This is also what has been highlighted by government they always say that Bitcoin is risky asset without knowing that it can also use as alternative for their fiat.

El Salvadorans tried to use it as currency, but they failed because one of the reason is volatility and maybe their people can't handle the fast price movement of Bitcoin.

[Aanuoluwatofunmi]

Bitcoin adoption is by decision and not by Force, so many countries have shown interest in adopting bitcoin as a legal tender while some only maintain their stand by making it a legal currency that is acceptable for making transactions and settlement of debts in their country but not as a legal tender.

One thing that is more unique about bitcoin is the opportunity to remain decentralized and also have a multifaceted crypto asset as an opportunity for investment and to make more profit over time, and to stand to enjoy the benefit of controlling your assets by yourself and determining the way to run everything about your crypto transactions without any central Institutional regulation.

[SeriouslyGiveaway]

Bitcoin adoption is by decision and not by Force, so many countries have shown interest in adopting bitcoin as a legal tender while some only maintain their stand by making it a legal currency that is acceptable for making transactions and settlement of debts in their country but not as a legal tender.

One thing that is more unique about bitcoin is the opportunity to remain decentralized and also have a multifaceted crypto asset as an opportunity for investment and to make more profit over time, and to stand to enjoy the benefit of controlling your assets by yourself and determining the way to run everything about your crypto transactions without any central Institutional regulation.

Bitcoin adoption must appear, grow up and maintain naturally and this adoption way can make it stronger and more sustainable. While if adoption is from centralized enforcement for example in El Salvador, it will not be natural and unlikely able to last long. In El Salvador, during "Bitcoin legal tender" months, locals in that nation did not feel happy with Bitcoin adoption and legal tender enforcement on their lives and business.

It's similar with people in other nations and around the world too, and Bitcoin has been strong enough to continue its development and adoption growth without need of centralized support or enforcement from governments in any nations.

[AprilioMP]

Achieving financial freedom on a national scale is a goal and aspiration pursued by every nation in the world. In an economic context, a nation's goal is to improve the welfare of its citizens by ensuring that everything operates fairly and without discrimination.

Bitcoin is simply a peer-to-peer cash system that provides convenience and freedom to all its users, as stated in its whitepaper, not a substitute for or tool for achieving prosperity. I believe that using Bitcoin as a means to maintain economic leadership, global influence, and national power is not yet sufficient, even though it has proven to be the best hedge ever.

If Trump's push of the strategic reserve in the US is anything to go by, it shows that alongside countries such as El Salvador, the United States is intentional about the asset's adoption, especially with the legal framework needed to move the reserve forward being set for a review, according to Patrick Witt. My dollar is on the US

Trump is a small part that impacts the law of supply and demand. That's because he still has power, after that he may no longer be a popular figure who has influence on the market.

In the second part of my post, it is clear what my frame of mind is regarding Bitcoin and the impact it will have on the country in maintaining economic leadership and global influence. Just a system that has nothing to do with third parties.

[abaeze]

Governments can be seen as a barrier preventing the use of bitcoin as a method of payment. But it is not entirely fair to blame them either, because in reality, we ourselves are not very keen on using Bitcoin in that way. Most people still view Bitcoin primarily as an investment asset rather than a payment method. That's what we want, not necessarily because the government wont allow it.

El Salvador is an example of this. Although Bitcoin is legal tender there, most people still dont like using it for everyday payments.

Adoption actually depends on people willingness to spend Bitcoin and since so many people believe that it value will keep increasing, they prefer to save it rather than using it for daily transaction but then government regulation also  play a crucial role because clear policies and support can encourage businesses and consumers to become more comfortable accepting Bitcoin as a means of payment.

Both the government and the users must play an important role. But the government must take the initiative first. Because if the use of Bitcoin is legally restricted in a country, or there are high tax, licensing and regulatory complexities, then merchants or users will be reluctant to accept it. Therefore, the government's policy in this regard has a real impact on the acceptability.

But it is also true that the government is not the only obstacle. As you said, most Bitcoin holders themselves do not want to spend Bitcoin.The main reasons for this are two, one is that they think its value will increase in the future, and the other is excessive volatility. The attitude of general investors is that it is a valuable asset, so if the price increases in the future, there will be more profit. But they do not want to use it as a medium of exchange. Basically, the tendency to hoard does not allow it to be spent. And the current situation is such that when people believe that the value of an asset will increase, everyone wants to hold it instead of spending it. And these reasons are the biggest obstacles as a means of payment.

[icebar]

Bitcoin adoption is by decision and not by Force, so many countries have shown interest in adopting bitcoin as a legal tender while some only maintain their stand by making it a legal currency that is acceptable for making transactions and settlement of debts in their country but not as a legal tender.

One thing that is more unique about bitcoin is the opportunity to remain decentralized and also have a multifaceted crypto asset as an opportunity for investment and to make more profit over time, and to stand to enjoy the benefit of controlling your assets by yourself and determining the way to run everything about your crypto transactions without any central Institutional regulation.

The impact of Bitcoin may vary in different countries and it will depend on how the government of that country views Bitcoin. If Bitcoin is given legal validity, then there will be widespread crypto adoption in that country, starting from all types of transactions with Bitcoin. Governments will choose Bitcoin for investment.

One of the great strengths of Bitcoin is that it is completely decentralized, which is why all types of people trust it. Since there is no control by anyone, any type of person is interested in investing here. Any person can transact from one country to another according to demand. Moreover, it can also be considered a great potential asset for long-term investment. Since it is a volatile currency, investing here can sometimes bring risks. If you review various factors, the profit is higher. The amount of investment will definitely increase a lot in the next 4 years. How much growth there will be will depend on how positive the people and government of that country are towards Bitcoin and how confident they are about its potential.

[ZAINmalik75]

One thing that is more unique about bitcoin is the opportunity to remain decentralized and also have a multifaceted crypto asset as an opportunity for investment and to make more profit over time, and to stand to enjoy the benefit of controlling your assets by yourself and determining the way to run everything about your crypto transactions without any central Institutional regulation.

That's true, but most people don't use Bitcoin that way these days, because most of them are only in it for the profits and they barely care about decentralization and all that. They only use centralized platforms for their trades and investments, and then they use either custodial wallets to keep their assets, or they simply keep them within the exchanges they are using for making those purchases because they believe these are the safest ways to use cryptocurrencies. You will not find a lot of newbie Bitcoin investors using non-custodial Bitcoin wallets these days, and that's unfortunate.

In the next four years, thing could change a lot. Countries that are not currently at the top in the list of most Bitcoin users might climb up because we know that as the time progresses, adoption will increase for sure, and now that Bitcoin has become one of the best investment assets of the world, more people are showing interest in it because everyone wants to get a share of the pie. So a lot of countries will get in the race of becoming the next crypto hub of the world. UK is already working on it.

[Cookdata]

Governments can be seen as a barrier preventing the use of bitcoin as a method of payment. But it is not entirely fair to blame them either, because in reality, we ourselves are not very keen on using Bitcoin in that way. Most people still view Bitcoin primarily as an investment asset rather than a payment method. That's what we want, not necessarily because the government wont allow it.

El Salvador is an example of this. Although Bitcoin is legal tender there, most people still dont like using it for everyday payments.

Maybe the centralized exchanges also contribute to less adoption of Bitcoin. Back then, there is just two ways to make Bitcoin transaction, the one on the main chain which is the Bitcoin original chain and the second one on the lightning chain which are later settled on the main chain but today, people send Bitcoin with each other through Exchange ID cutting out the need for using the main network to transact using Bitcoin, this is a development for people but undermine adoption of Bitcoin transactions

El Salvador tried to bring adoption through airdrop which to me it's not a good approach, you don't give airdrop to people that need money, you give airdrop to people that value Bitcoin. The best approach should have been giving priority to people that buy Bitcoin. He should have make it a mandatory task to reward any one that download the app and has at least a certain amount of Bitcoin, but since it's governments it's understandable.