Post
Topic
Board Economics
Re: Imagine Bitcoin recognized around the world.
by
avikz
on 02/01/2018, 09:05:54 UTC
Do you think there will be a chance that bitcoin will be recognized by all people around the world? If so, what would you contribute for the success of bitcoin in adapting human culture?

I don't think bitcoin will be ever recognized by the entire world. Probably a handful of countries will adopt that but majority of the countries will turn their back to bitcoin. Because Banks are already seeing bitcoin as a big threat to their business. SO they will push the governments of their own country not to legalize bitcoin. Bankers have a strong lobby in any government because they fund the majority of the government activities. Government will have to listen to them.

There are already few countries like Israel, Morocco, Bangladesh who have already banned bitcoin to be used in their country. In 2018, I see the list is increasing. because not all governments are progressive like Japan. So the governments will prefer to ban it instead of providing a proper framework to their citizens.