Quote from: Jemzx00 on June 05, 2022, 09:41:32 PM

Quote from: virasog on June 04, 2022, 04:02:03 PM

Quote from: Cledonism on May 24, 2022, 06:20:34 AM

The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.

You are right in my opinion and I believe that there are some that will not want to agree. Bitcoin can definitely exist without Government support as we have even seen over the years in most regions but once we start to look at Global adoption then I too believe the Government is important on that note. Look at what happened today with the sharp drop in Bitcoins price because of the talk about SEC's investigation into Binance and possibly the upcoming Crypto bill set to be introduced tomorrow. So we can see that the Government still has their influence on crypto generally so their backing for Bitcoin mass adoption.