For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.
Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.
It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.
We cant spend directly our bitcoins but the exchanges allows anybody to exchange them to fiat to our banks, the way they will handle the money is another question as some banks are frozen those accounts as they dont know where the money came from.
The missing link is the direct conversion like your digital dollars turns into cash notes whenever you like or can be used for all businesses and taxes; ultimately every large company wants dollars to pay their own bills and taxes. Thats not yet possible with bitcoin but with an added link to somebody offering an exchange rate its then possible, so Bitcoin is a foreign currency in every nation of the world and its second rate in that way.
It'd be a much higher price otherwise, bitcoin has no home exactly its just a mix of global demand and people bending over backwards to use it in order to gain some advantage from that electronic business. Its still relying on free or purely software goods or gambling sites which benefit from fast money.
I dont think anyone is driving bitcoin forward as much as its being pushed by larger factors going on in the world. It should be most popular in countries that has a failed national currency, but as its not taxable exactly like fiat so then its obstructed and opposed. I dont see it being a global currency, I see China putting their own money first before then and meanwhile its still dollars
