Quote from: alyssa85 on May 03, 2019, 03:13:55 PM

Quote from: traderethereum on May 03, 2019, 01:52:33 PM

So we can hope that in that year, bitcoin will be adopted by many people especially in the USA because of the recession.
That will be interesting if bitcoin finally being adopted by a big country and have power.
But that will be a waiting time for us if that will happen or not because we are still in 2019 and we need to wait a year before it's happening.
The chances for bitcoin to be accepted in many countries will wide open if people in the USA can accept bitcoin, so the other big country will follow what the USA does.

Recession makes it LESS likely that bitcoin is adopted. People need money to buy bitcoin - and in recessions money is scarce. Also inflation drops in recessions which means that hedges against inflation arn't required so much.

Bitcoin will only take off if there is asset confiscation. Say AOC or someone like her gets to power in 2020 and starts confiscating wealth. Bitcoin then becomes very attractive as a means of storing and hiding wealth. Don't forget that the event that made bitcoin mainstream in 2013 was Cyprus confiscating savings balances of ordinary people deposited in banks to bail out the bankers.

No, I don't think so because people can search a new way to make money and if they think that they can use bitcoin as their source, I believe that they can use bitcoin to make money.
They can start to join in the cryptocurrency without buying bitcoin because we know that there are many ways for people to get free coins and they can sell it to make bitcoin.
If you remember that in 2017, people are amazed to see bitcoin can touching almost $20k and that makes people want to invest in bitcoin. That will happen again in the future especially if bitcoin can reaching the highest price again.