Topic: Bitcoin as a world power? - page 7. (Read 2053 times)

We are moving forward to that and there's a big possible that it will happen, and it's going to happen as long as company like PayPal will support and continue to support Cryptocurrency and country will not restrict their citizen from using Bitcoin, but we all know the government they want to control and restrict everything, but in ten years we'll see if Bitcoin become the most used currency.

Bitcoin is the top cryptocurrency and having $288 B market capital which is one of the top leading currency in the world. Bitcoin's blockchain technology is now one of the finest technology for financial sectors and as a consequence, many sectors specially banking sectors are now implementing it in their sectors. So Bitcoin is powerful from either popularity and market capital or its technology. Only on president can't control its price as it is decentralized system. Millions of people use Bitcoin and control its demand and supply chain and it puts impact on its price.

it will ad flavor of course as president of powerful country but remember Bitcoin can stand without them supporting
(but at least not banning lol)
because This is decentralized Meaning need to one to back it up,because it is the user that will decide what is the future of this.along the question?
i am not certain but i believe in the Power of bitcoin  and the power of cryptocurrencies.

Yes, gaining people's allegiance is very meaningful. Bitcoin has achieved that trust and is committing very nicely. Bitcoin will be considered a world power if this trend continues.

If he is one of the promoters of Bitcoin, some other oppositions will promote hatred about it like using the media and the other way around to disapprove of his/her view about bitcoin. That's why before doing something like it one must know the risk of doing such things and they should know some way to counter such malicious. Because promoting Bitcoin when you are the president of a country takes a lot of responsibility unless you know what you're doing.

Uhh nope. Even if the Presidents of various countries were trader or Pro Bitcoin, there's no sense in actually making it a world power. In fact, getting swept away or influenced by the fact that a President being a Pro Bitcoin made you trade is already leaving what Bitcoin is supposed to be, simply decentralized or in simple terms, free from any control or influence of others. If you want to use it, then use it, if you don't want to, then don't. Simple as that.

Adoption is welcome and all and in that sense, there's really no competition between it and others. It's not like Bitcoin is aiming to conquer the world and impose its own laws. For gods sake it's a medium of trade, a currency that basically has more freedom than the fiat we have right now.

Well i think it is not Dollar but GOLD instead mate,because Dollar is now slowly fading as they are continuously creating paper money to sustain their falling economy.
and besides Volatility of Bitcoin is a good for market to proof how strong and healthy our crypto market is.

but the power of the world today is not bitcoin, but dollar.  if bitcoin is legal and accepted by the world, i believe, bitcoin will rule and control the world.  I am interested if bitcoin is used for international trade transactions.  bitcoin is amazing.  but we struggle with the volatility of bitcoins which every day makes a quick chart.  it greatly benefits the merchant or the buyer.

The popularity and rising price of bitcoin are not determined by government policy. Because Bitcoin is not a conventional currency,
government agencies cannot control that.  Government policy can only encourage purchasing power against bitcoin.
On the contrary, the popularity of bitcoin occurs because many people adopted bitcoin en masse this decade.
As we already know that a lot of news in the mass adoption media of bitcoin has increased over the last 6 months.
Many large companies are shifting their assets to bitcoin investments.

Rather than a top to bottom order of bitcoin usage on trading and other needs, it is good to go with a bottom to the top order. This makes adoption and its usage more effective than an implementation from the top order based on his usage. The government or leader is for the people, and when he provides legal support understanding the increase in usage of bitcoin by common man then it adds value to the market.

The global shift to crypto in the near future is possible only if sovereign States disappear from the map of the world together with governments, respectively, because the government manages its state and economy, thanks to the presence of its own currency and the regulation of its issue and turnover. There is no control of money on its territory, there is no state. As for the withdrawal of all funds by depositors from the Bank at one time at once, no Bank can do this due to the principles of its existence.

It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.if the current president of the United state, can say a single world about bitcoin, A word of positivity, it will increase the speed and creativity of bitcoin

Couldn't agree more. Bitcoin is always powerful no matter who is the next president of the US. The politicians do not give a shit about bitcoin. The only thing they care is how to impose tax on bitcoin so as to collect as much money from the people who benefits bitcoin usages. Hence, the decentralization will surely be one of the best invention of the humankind.

Its hard for bitcoin to become a currency due to the high fees and potential to go higher and higher. Currently, people only consider bitcoin as digital gold where they can generate their money passively just by staking coins. But this is a great news for bitcoin community since we do need to raise people awareness about the existence of decentralized online currency

Its hard. Although bitcoin is developed very well, I doubt that it can rule the world someday. People up to now only benefits themselves with holding bitcoin without using it in their daily life. This idea will make bitcoin less stronger than it meant to be. And its technologies somehow are obsolete when we compare to other crypto.

Being the number one cryptocurrency is okay to me. No matter how the world changes, I believe bitcoin will still have this position in the future. Ruling the world is an impossible task but I guess we can dream about it

The general world population is so fixated on the physical presence of the dollar and they fail to realize that it is already digital currency. the governments do not even have the physical monies to administer if everyone went to the banks to claim their physical money, the banks would shut down . They can't issue as much money as those digits say that the average person has in their account. The dollar is built on trust not reality. Just waiting on the inevitable new digital global shift to crypto.

Actually president doing is just to and and sign if there something going with this case if they will be using crypto currencies to be legalize in some of countries , we know that some of countries like Bolivia, Colombia and etc. If some senator or anyone have courage to push forward about the what bitcoin really is and what will be the future of bitcoin with in.  It can be a big affect for those who want's to start and for those who are invested already because bitcoin can be pump that good. And yes you can easily carried money and transfer anytime you want.

That act is a great promotion for the bitcoin and crypto markets. Elections in the US are watched by billions of people around the world, and the contribution to the US president's victory leaves people with a more positive outlook on bitcoin and the crypto market.

Governments do not like bitcoin because they cannot administer it, bitcoin is anonymous and decentralized so it is difficult to collect taxes from people who use bitcoin.
Because of the above characteristics, I think bitcoin needs a very long time before being accepted by governments.

controlling the world like what do you mean?
Bitcoin was created not for the purpose of dominating the world in terms of payments, but rather to provide other options that are more transparent, easier and not regulated by anyone. Bitcoin and blockchain technology is fully decentralized and is not controlled by anyone, including the government.

Bitcoin is growing and will remain a revolutionary digital payment instrument with many advantages and various risks in it.

Its true that if the president support bitcoin it will be a positive impact on the market .Suppose we think the president legalize everything btc will lead the world as a currency for sure .On the other hand bitcoin are using as a currency all over the world .We can easily transaction it without wasting any time .So i think crypto is growing fast .

Bitcoin is totally decentralized and these means no one is in control of bitcoin. Bitcoin can assume world power if bitcoin is centralized and that’s will definitely go against the goal of Satoshi. The world will accept bitcoin if bitcoin is Centralized and I don’t see possibilities of bitcoin becoming centralized. Bitcoin can’t be under the control of the government just like every other centralized currency in the world.