Post
Topic
Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
Malsetid
on 16/10/2016, 12:58:31 UTC
The year 2022 is just too soon crypto currency needs more time to make ground for most people to accept it and use it widely ⏳⏲slow and steady wins the race
yeah , but still in 2022 of year , everyone will not use Bitcoin . because of its lack of advertising .
i think it is a very small time period between 2022 .
to use Bitcoin by every person we need atleast for 2050
Bro a currency does not need advertising for it to be used by everyone, it really just need time and demand. Does any country promote their money by commercial or magazine ads of course not because, if is the only legal money that can be used in a certain country. Bitcoin has the momentum to be used by everyone with a ohone and internet.

When you have a monopoly on force like the government does, you do not need advertising perhaps to make everyone use your currency. You simply outlaw everything else, like gold for example, and declare your currency to be the only legal option. Bitcoin doesn't have that option. Bitcoin is competing in a free market, and in a free market, you need advertising to spread your message. You said a currency needs demand, and advertising creates demand.
What we are doing now is already a form of advertising online, we are making others who are not aware on the benefits of bitcoin and with that knowing, they will surely be attracted with who the price of bitcoin is increasing, it is easier to promote online as everything is fast and clear.
yeah you're right and what we're doing would most likely make bitcoin more available by 2022 and more widely used. however, to be used by almost everyone is a bit far-fetched. in 6 years I think the regular currencies are still the ones dominating the market.