Post
Topic
Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
The_Dark_Knight
on 17/01/2017, 00:59:58 UTC
If Bitcoin will also grow rapidly as it did in 2016, it is likely that in a few years it will be used everywhere.

I agree to that. More and more people are liking the advantages bitcoin has over traditional fiat currency and are accepting it on their business. Moreover many poor countries have been using it and less of fiat. However it does need more acceptance and spreading.

Once the acceptance grows the prices are bound to increase and then traders can happily trade of large volumes as well.

Entirely false. Poor countries don't even have any establishment to buy from using their bitcoins. Even if they do have bitcoins because they work online or whatever, they would still have to convert it to fiat first so they can use it. This is the same case even for first world country people. The bitcoin community is much smaller than you think it is and the number of people using it doesn't increase that much too.
Correct, maybe there is some small amount of people using bitcoin in a third word country but the numbers are very low and right now since the community is still so small there are not a lot of places to spend our bitcoins in a physical store.