Quote from: kro55 on January 05, 2023, 02:44:37 PM

But unfortunately, that will never happen. Dreaming of bitcoin being mass-accepted by governments as a world currency is indeed an impossible task. Currently, only 2 countries accept bitcoin as legal tender and both are struggling due to weak economies and mounting debt. They're betting their economy on bitcoin because they don't have a better solution either. But for countries with strong economies, there is no reason to get rid of their own currency and adopt a decentralized currency. Especially the US, whose USD is considered the world's standard currency, will never let this happen.

Exactly. We can't expect all of the world's governments to welcome Bitcoin with open arms, especially when it's decentralized. There should be further opposition against the cryptocurrency down the road, since governments don't want to lose power/control over their citizens. What matters is that Bitcoin stays decentralized so that it could stand the test of time. All you'd need is an Internet connection to access the Bitcoin blockchain anytime, anywhere in the world.

Popularity for the cryptocurrency is increasing at a very fast pace, so it should only be a matter of time before Fiat loses traction in the mainstream world. Who knows if we get lucky by holding Bitcoin long term? Just my thoughts Grin