I am not sure about it, moreover many countries still do not legalize Bitcoin.
In this case, we can see the chance of this may be about 50%.
However, what we can see right now is about the adoption of blockchain technology, but not specifically for Bitcoin itself.
Many governments may be interested to build their own technology-based blockcahin.
Topic: FINALLY ALL MONETARY AUTHORITIES IN THE WORLD WILL ADOPT BITCOIN - page 2. (Read 421 times)
April 24, 2021, 05:28:53 PM
April 24, 2021, 01:39:56 PM
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
The concept is there but the question will be how are these countries planning to regulate the market, will they be taxing higher percentage for the profits earned so that big investors stay away from the market and look elsewhere. Anything is possible and only time will tell where we will reach in the next decade. I am optimistic because i am pro BTCitcoin and i want to see the market flourish and want to see this as a major player in the foreign exchange sector. April 24, 2021, 12:00:19 PM
The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
Yes, countries are not going to be banning bitcoin, and I believe that some of those that banned will come to a change of mind and lift the ban and allow crypto businesses to come into the country and people will be free to make use of it. Those of them that have banned bitcoin have seen that it is leading them to nowhere.This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
Imagine banning bitcoin when there is growth and there are lots of cryptocurrency businesses being established and providing jobs for the citizens, that’s not going to lead the country to anywhere, they will be the ones who are losing, since those cryptocurrency companies will move to countries where they are free to operate, and that, still, doesn’t stop people from using cryptocurrency.
April 24, 2021, 03:59:24 AM
The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
^ I do not really think that it is actually good to claim that all of the monetary authorities are now adopting BTC. Well in fact the percentage of BTCA being accepted is somehow at its lower scale yet. I admire your optimism but we are only in ten percent way there. On the other hand, fiat has been working well for decades now and it was only because of the pandemic why it has a massive decrease, economies going down and inflation persists. Nevertheless, I think it would be better to accept that BTC can get at least ten percent of the market, the one hundred percent acceptance rate is very much impossible not even in fiat and other resources. 
April 24, 2021, 02:40:08 AM
That is a good idea but thinking if it will really happen is far from reality. Fiat currency still have its use and also government can use the opportunity to take control of fiat currency just like what the government do before. Government may have adopted or accepted bitcoin as another source of payment but still government prefer centralized currency like fiat currency.
April 24, 2021, 01:29:02 AM
We still have a long way to go towards total global adoption, but the fact that we're getting there is absolutely good news for us bitcoin supporters and believers but with continuous support from us and backing from larger companies, the dream may not be so distant after all. Let's all work on that dream.
I think so too, with how big the population is compared to people who uses bitcoin and cryptocurrenc, we still have a long way to go. I am hopeful too that bitcoin becomes globally adopted but if we want it to be quick, we have to do our part in this adoption by teaching other people about bitcoin and it's benefits, just let them learn and not convert them, let them have the choice. April 23, 2021, 08:01:37 PM
We still have a long way to go towards total global adoption, but the fact that we're getting there is absolutely good news for us bitcoin supporters and believers but with continuous support from us and backing from larger companies, the dream may not be so distant after all. Let's all work on that dream.
April 23, 2021, 06:13:01 PM
I would love to hear it if Bitcoin has been accepted and considered by the main authorities in monetary. But honestly, I don’t really know that authority exists. Correct me if I’m wrong.
Each in every country has its own Finance Departments that handle and manage the finances. But it doesn’t mean they have the decision which assets can be considered for monetary. It’s still going the be the consumer who would choose. Even fiat that has been there since couldn’t get to the point of being accepted 100%. That's really probably impossible.
But if this happens, imagine how successful we would become and a very good idea right there.
Once the word decentralized on Bitcoin exist, I can't consider it government adopt Bitcoin as a monetary interest.
Each in every country has its own Finance Departments that handle and manage the finances. But it doesn’t mean they have the decision which assets can be considered for monetary. It’s still going the be the consumer who would choose. Even fiat that has been there since couldn’t get to the point of being accepted 100%. That's really probably impossible.
But if this happens, imagine how successful we would become and a very good idea right there.
Once the word decentralized on Bitcoin exist, I can't consider it government adopt Bitcoin as a monetary interest.
April 23, 2021, 05:58:24 PM
thats why, even two decades from now, we will still have our fiat as main means of financial transaction. i dont think btc or any other crypto will dominate the financial area. maybe the adoption will increase but it will just co-exist with fiat. dont think that the govt will fully abandon the use of fiat. thats not gonna happen. just my 2 cents.
and the OP is misleading users by his title thread. a lot of countries are still treating bitcoin as illegal like bolivia, bangladesh and iran. just to name a few.
Bitcoin will dominate the financial sphere only if states take it under full financial control, and I don't see any real reason for this, because there are already well-established traditional fiat currencies for such purposes. Also, if bitcoin comes under the full financial control of the state, then it will no longer be bitcoin with its some degree of independence from the traditional financial system and bitcoin will no longer be of interest to ordinary people. and the OP is misleading users by his title thread. a lot of countries are still treating bitcoin as illegal like bolivia, bangladesh and iran. just to name a few.
April 23, 2021, 05:33:08 PM
thats why, even two decades from now, we will still have our fiat as main means of financial transaction. i dont think btc or any other crypto will dominate the financial area. maybe the adoption will increase but it will just co-exist with fiat. dont think that the govt will fully abandon the use of fiat. thats not gonna happen.
it will be replaced with digital currency though, it's still considered fiat which they are all developing these days for their CBDC. its very alarming but this is where they are going just as how the Chinese are doing it. the world will test the CBDC of Chine by the time Olympics starts. it's going to be held in China and tourists going there will try it for the first time. if BTC will be adopted and coexist with fiat, there will be possibilities that CBDC will allow its users to trade digital assets like BTC.
April 23, 2021, 05:28:38 PM
This is wishful thinking. The goal of fiat is to maintain control over the financial system of the world. Due to its flexibility and being a way easier tool to manipulate depending on the current economic situation, governments would surely like to keep it that way for a long time until a new 'better' system that retains the flexibility of fiat arises. They can't do this in bitcoin, thus making it near impossible for them to adopt it even in the next 100 years. Sure they are warming up to bitcoin and other crypto given the potential of these digital financial tools/assets, but I don't see them integrating it directly on their financial system.
Agreed, it is naive to think governments do not know all the damage they do with their fiat currencies to the people, they use them precisely because it allows them a great control over their population and over the whole economy on itself, bitcoin is not going to change this, even if the whole economy collapses tomorrow and people decided to adopt bitcoin as fast as they could governments can just force you to use their fiat even if you do not want it and they will keep their fiat in power even if they have to use force to get this done.thats why, even two decades from now, we will still have our fiat as main means of financial transaction. i dont think btc or any other crypto will dominate the financial area. maybe the adoption will increase but it will just co-exist with fiat. dont think that the govt will fully abandon the use of fiat. thats not gonna happen. just my 2 cents.
and the OP is misleading users by his title thread. a lot of countries are still treating bitcoin as illegal like bolivia, bangladesh and iran. just to name a few.
April 23, 2021, 04:44:10 PM
in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
They have no other options than to accept and allow people to invest and make use of cryptocurrency like Bitcoin. The government are starting to realize that them banning cryptocurrency is not going to be making any impact at all or stop people from making use of cryptocurrencies of their choice. Even how hard the efforts they control it still the widespread still huge thats why other countries are lifting out the ban they implied on bitcoin maybe they shouldn't think about bad about it as it really brings good opportunity to people and I'm really happy to see those countries who adopt bitcoin as well other cryptocurrency since it really helps people to give some opportunity to kill the traditional jobs which have full of discrimination.
April 23, 2021, 01:38:09 PM
in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
They have no other options than to accept and allow people to invest and make use of cryptocurrency like Bitcoin. The government are starting to realize that them banning cryptocurrency is not going to be making any impact at all or stop people from making use of cryptocurrencies of their choice. How exactly do they plan on stopping cryptocurrency where people are now going p2p with every move they make. It’s just like Nigeria that banned cryptocurrency, and banned exchanges like Binance and Binance quickly went p2p for their traders that are there. So the government has no choice than to just accept it. April 23, 2021, 01:15:46 PM
This is wishful thinking. The goal of fiat is to maintain control over the financial system of the world. Due to its flexibility and being a way easier tool to manipulate depending on the current economic situation, governments would surely like to keep it that way for a long time until a new 'better' system that retains the flexibility of fiat arises. They can't do this in bitcoin, thus making it near impossible for them to adopt it even in the next 100 years. Sure they are warming up to bitcoin and other crypto given the potential of these digital financial tools/assets, but I don't see them integrating it directly on their financial system.
Agreed, it is naive to think governments do not know all the damage they do with their fiat currencies to the people, they use them precisely because it allows them a great control over their population and over the whole economy on itself, bitcoin is not going to change this, even if the whole economy collapses tomorrow and people decided to adopt bitcoin as fast as they could governments can just force you to use their fiat even if you do not want it and they will keep their fiat in power even if they have to use force to get this done. 
April 23, 2021, 01:04:39 PM
- All the countries who tried banning bitcoins did have to again lift the ban
All? From those that have banned bitcoin a long time ago, like Egypt and Ecuador or Morroco none of them has lifted the ban.
because people did not take it in a good way , many of the countries had brain drain and their most successful People even left the whole country and went to a place which was more crypto friendly. T
Haha, common, don't tell me that you actually believe this?
You think that thousands of people are fleeing their country because they can't buy bitcoins?
Don't you realize how ridiculous this sounds?
And this is also the very reason why Bitcoin is not to the governments' liking. Something that guarantees "equal trust without intervention?" That does not sound nice to the powerful. They may be sidestepped in the process.
I've been hearing this for years but nobody has actually shown in practice at least one time how the government is actually threatened by a cryptocurrency. Not one single example of how BTC could "sidestep" them in whatever process you're envisioning.
Bitcoin is money, is a tool and nothing else, just because you're avoiding keeping your money in the bank doesn't mean anything in form of threats to an authoritarian regime, you still need to live your life in the real world, they will still be able to tax the shit out of you, to impose regulation, to arrest you, and all the things they do.
We had a thread about how crypto is protecting human rights in Belarus and HK and Myanmar, how did it that end?
As others said, wishful thinking, some really need to keep in touch with reality.
April 23, 2021, 12:39:32 PM
The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
As much this will happen eventually, I do not see it happening in the next 20 years not even in the next 30 - 40 years.
I actually do understand that with the increasing number of people adopting bitcoin and other cryptocurrencies in the world, you'd probably believed it won't be long before it goes all around the world. What you should know, however, is that this looks only so good in theory. Practically, it's not possible in that short period of time.
Bitcoin still has a long way to go in it adoption especially in African countries where there is a high level of illiteracy. Not many people would adopt bitcoin there.
April 23, 2021, 12:07:44 PM
The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
- All the countries who tried banning bitcoins did have to again lift the ban because people did not take it in a good way , many of the countries had brain drain and their most successful People even left the whole country and went to a place which was more crypto friendly. This actually shows us how important cryptos are for the whole economy and the people perse.
I do believe that we have to understand the fact that Governments are slowly understanding that they do not have to feel threatened by the cryptocurrencies but rather they can work together since during the pandemic they are actually earning taxes from crypto gambling sites and it's going well for them.
The only asset which showed a significant growth was indeed bitcoins. ( During the pandemic ofc ) Even right now the newcomers have an amazing investment opportunity! What else do we need ?
April 23, 2021, 10:23:03 AM
It's pretty interesting with something not happening right now. You used the word "If", we don't need to imagine that scenario happening because it certainly won't. There are many reasons for Bitcoin's difficulty accepting Bitcoin, such as:
The cost is too high and won't be applicable worldwide on a regular basis.
Major nations will accept Bitcoin as assets and will not see them as a replacement for their national currency.
Small countries won't accept Bitcoin's regular presence as they take away a significant amount of revenue from their service provision.
The cost is too high and won't be applicable worldwide on a regular basis.
Major nations will accept Bitcoin as assets and will not see them as a replacement for their national currency.
Small countries won't accept Bitcoin's regular presence as they take away a significant amount of revenue from their service provision.
April 23, 2021, 05:33:59 AM
The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
That is quite interesting, as soon as bitcoin price is dropping a bit the authorities want to invest them self's. To be honest they probably just realised how much money can be made with bitcoins and want to get a piece of their own. Long term there is no way around bitcoins and it all comes down to at which you were able to buy your coins.
April 23, 2021, 01:31:24 AM
Its actually great that the amount of people and not just the Bitcoin within countries is growing internationally but at the same time, as time passes by, countries will continue to adopt Cryptocurrencies into their local businesses. It will still also be a great technology advancement since financial technology would start jumping in into this kind of system and from that point, advancement would just continue to into a better lifestyle for everyone.
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