In the current quirky world of Crypto, We believe and hope Bitcoin will become a global currency, one that we can spend on "Pizza" the same way we use Visa or MasterCard. What do you think needs to be done to make BlockChain technology a success ?
We certainly hope that bitcoin will eventually become a global currency, but in reality it is hard to happen. Till date only a handful of governments have adopted bitcoin to be mixed with their economy and majority of the governments are still unsure about what to be done.
The mass adoption is only possible with government regulation. It may sound wired because you may say that cryptocurrency must be staying decentralized as it is now, but believe me, government regulation will bring in a horde of money into crypto market and open up new areas of payment facilitation business.
To see bitcoin is being accepted by the small traders, we need to simplify it and it is only possible with government support. If the majority of the governments deny to adopt bitcoin, it will remain as an internet currency for the rest of its life.