As I said before, governments will be the biggest driving force behind mass bitcoin adoption.
People are inclined and or forced to look for alternatives when a service they have been using is taken away and or blocked. Bitcoin is that alternative when it comes to all these capital controls and the implementation of capital controls will drive the mass adoption of bitcoin in such places.
Currently some of the places showing the highest percentage increase in adoption are places that have problems with either their local currencies stumbling, i.e. Venezuela, Brazil etc.. and or places where capital controls are or has always been implemented like China.
Trust the governments of the world to open the eyes of the people to bitcoin.
People are inclined and or forced to look for alternatives when a service they have been using is taken away and or blocked. Bitcoin is that alternative when it comes to all these capital controls and the implementation of capital controls will drive the mass adoption of bitcoin in such places.
Currently some of the places showing the highest percentage increase in adoption are places that have problems with either their local currencies stumbling, i.e. Venezuela, Brazil etc.. and or places where capital controls are or has always been implemented like China.
Trust the governments of the world to open the eyes of the people to bitcoin.
Very good post. I completely agree. When you are trapped with traditional forms of money Bitcoin will be the way out for everybody trying to avoid capital controls. It is just too easy if you know how it works and there's nothing governments can do about it.The more it tries to strangle it's citizens the more Bitcoin will be an option.
