Topic: Bitcoin as the national currency of the United States - page 2. (Read 600 times)
They are a few things that will never happen in the world . This is one of them
Bitcoin won't become the national currency of United States, many will subject and be worry about it's economy situation if that happens.
I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.
I agree with you because it is impossible. We all know that bitcoin owners are all of us and the form of system owned by bitcoin is centralized so that no country can make bitcoin as the official currency of the country. The most likely thing is that bitcoin becomes a companion currency and is at least recognized for its circulation. The regulation is very possible because each country must have its own currency. By making the right regulation, bitcoin can be one of the most powerful financial systems because it can be recognized globally. It needs cooperation of many countries if you want to be bitcoin much more stable. Bitcoin is a form of technological advancement and if this is applicable then bitcoin is the largest financial system in the future.I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.
It can be an advantage to us who are holding bitcoin but the government won't do such decisions like that. They are staking their entire country's economy if that happens.
The whale will thinking to break down the country like they pump and dump the crypto market.. besides they(US) have new idea to save a crypto and make it great again. then altcoin will following the success. But rostchild and allied would not do it
I respect his opinion because all of us are free to say what ever we wanna say but that doesnt mean i support hes statements and outviews,yes bitcoin will still dominate the cryptoworld with higher cal just like wht he has having now but being national currency of america?thats far from reality
We know how hard America fought for his country and counterfeit so i see no reason why the us government will allow this to happen
We know how hard America fought for his country and counterfeit so i see no reason why the us government will allow this to happen
The idea of the author is interesting, but so far bitcoin is a national means of payment only in Japan, where even cosmetic services can be paid with bitcoin.
Just look at the easiness and simplicity Bitcoin has introduced in the world. No printing of money, no nothing. As far as Bitcoin being the national currency of America is concerned, almost a huge part of Bitcoin users are Americans. This means America already hold a big share of Bitcoin and can be thought of as a hidden big Whale that we have not seen yet. Yes Bitcoin is not owned by anyone but there are manipulators who can do the job of owners. They have a great control over the crypto.
America is influential in all aspects of the global economy so if they make bitcoin a national currency then most other countries will follow. I don't think it will happed in the next few years, but I think it will in other countries - especially in developing economies.
10 years is not long time for new world. in this time many new invent or discover can happen. So btc can be currency for whole world not just for USA or something new replace bitcoin and we wouldnt talk about bitcoin maybe. so there is no a real prediction.
Quantum computers or AI can find new thing for new world. so we'll see
Quantum computers or AI can find new thing for new world. so we'll see
Now in many countries accept as asset.And in U.S ,bitcoin is widely used investments asset.So bitcoin had some chance to became a national currency in U.S.If any one from U.S,just hold your valuable.When the price of bitcoin reaches maximum,you will get additional dollars.
Over the next 10 years, the capitalization of the crypto currency will reach $ 100 trillion, 10% of which will be accounted for by bitcoin. This forecast was voiced by a well-known venture investor Tim Draper in an interview with TheStreet.
A long-time supporter of bitcoin said that the fiat currencies will be out of circulation very soon. Draper also said that he has enough crypto currency to live in the next four to five years without needing anything. Therefore, he is not interested in keeping money in fiat currencies, since they are depreciating over time.
"Recently I talked with people from the Federal Reserve and told them that they should look for a new job in the next 10 years, because during this time there will be no need to use centralized currencies," he said.
According to Draper, if Donald Trump had asked him to develop a "US crypto-currency policy," he would first of all make bitcoin a national currency.
"I think that in the next four years there will be a big change, and people will make mass purchases in the crypto currency," the investor suggested.
In his opinion, the US needs to create a separate body to regulate the crypto-currency market, which would not be subordinated to the Securities and Exchange Commission or the Commodity Futures Trading Commission.
Link to the source https://forklog.com/tim-drejper-ya-by-sdelal-bitkoin-natsionalnoj-valyutoj-ssha/
I have my own opinion about this. Do you think that bitcoin was invented to replace the dollar system with crypto currency? Are the Rothschilds and the Rockefellers standing behind this plan? Will there be global decentralization or will global financial slavery await us?
bitcoin is just one kind of investment. It is convenient money transfer method. But it won’t never replace any national currency. Nobody wants to have all money which price is volatile every single day. A long-time supporter of bitcoin said that the fiat currencies will be out of circulation very soon. Draper also said that he has enough crypto currency to live in the next four to five years without needing anything. Therefore, he is not interested in keeping money in fiat currencies, since they are depreciating over time.
"Recently I talked with people from the Federal Reserve and told them that they should look for a new job in the next 10 years, because during this time there will be no need to use centralized currencies," he said.
According to Draper, if Donald Trump had asked him to develop a "US crypto-currency policy," he would first of all make bitcoin a national currency.
"I think that in the next four years there will be a big change, and people will make mass purchases in the crypto currency," the investor suggested.
In his opinion, the US needs to create a separate body to regulate the crypto-currency market, which would not be subordinated to the Securities and Exchange Commission or the Commodity Futures Trading Commission.
Link to the source https://forklog.com/tim-drejper-ya-by-sdelal-bitkoin-natsionalnoj-valyutoj-ssha/
I have my own opinion about this. Do you think that bitcoin was invented to replace the dollar system with crypto currency? Are the Rothschilds and the Rockefellers standing behind this plan? Will there be global decentralization or will global financial slavery await us?
Bitcoin won't become the national currency of United States, many will subject and be worry about it's economy situation if that happens.
I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.
I agree with you because it is impossible. We all know that bitcoin owners are all of us and the form of system owned by bitcoin is centralized so that no country can make bitcoin as the official currency of the country. The most likely thing is that bitcoin becomes a companion currency and is at least recognized for its circulation. The regulation is very possible because each country must have its own currency. By making the right regulation, bitcoin can be one of the most powerful financial systems because it can be recognized globally. It needs cooperation of many countries if you want to be bitcoin much more stable. Bitcoin is a form of technological advancement and if this is applicable then bitcoin is the largest financial system in the future. I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.
The birth of Bitcoin, its mechanism is not only able to replace the dollar, it can replace cash in all countries! However, the greatest difficulty that Bitcoin has encountered today is that countless people use Bitcoin for speculation, making Bitcoin's price unreliable. This makes him a commodity, and commodities cannot replace cash!
I don't think the United States can control Bitcoin. If so, Bitcoin will definitely fall. No one will buy a centralized digital currency.
If this information is true then perhaps BTC will go to the moon during the end of this year, these news worthy of note, thank you for bringing them to everyone and I will buy the BTC right now.
Cryptocurrencies are still too new a technology to be used as a currency for an entire country but that will probably change as the transaction speeds improve and fees become more affordable
No country is taking bitcoin as national currency, that would be an insult to their government. The national bank I guess can facilitiate like having their own chain for their own digital currency. The banks also may not accept bitcoin to be national currency. But I guess no one will disagree that bitcoin will live to have huge huge value in the next years.
Bitcoin won't become the national currency of United States, many will subject and be worry about it's economy situation if that happens.
I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.
I'm more interested with what Tim Draper said about reaching $100 Trillion market cap which is definitely that high. Everyone who holds even just single bitcoin will become that rich.
If bitcoin as the national currency of the united states, may be russian will make ethereum to be national currency, i guess thats vitalik butterin like this opinion.
With 100 Trillion dollars market cap in 10 years, we would all be rich ! Of course, we would all love to see this happening, but the truth is that this is waay to optimistic. We never even touched 1 Trillion dollars in marketcap, and look what a bear market is happening right now. But still , i believe in the future of crypto, and i'm sure that eventually it will be successful across the whole world.
Words can’t make bitcoin in that position. Are the people ready for this: Bitcoin as the national currency? If no then we have a bigger problem if this be implemented without the majority of the citizens acceptance and even don’t have knowledge what cryptocurrency is. If this the whole world may need to restart and start from the scratch as USD is used worldwide.
If all are done, as a bitcoin user are your ready to be controlled by US government? At this reason, I’m against with it.
Yeah, this is not gonna happen knowing the fact that U.S government wants to control the world currency. Bitcoin is created not to be controlled by any government and for sure investors don’t want to be controlled under the government again.If all are done, as a bitcoin user are your ready to be controlled by US government? At this reason, I’m against with it.
You’re right, that cryptocurrency is not created to be controlled by any government, but I don’t think it isn’t meant to be a word currency because I believe it will be on that side in the future. I do respect your opinion about that as if we even have the chance to be experiencing that historical moment as I think it would need few decades and a century to happen. I think I’m under the soil at that time.
I'm sure the revolution to the currency is about to begin, fiat currencies and digital currencies are different. but in the future digital currencies will be more dominally used in everyday life.
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