Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will not become the world currency.
by
Inwestour
on 08/02/2023, 15:31:04 UTC
It depends on the perspective you are taking here. If you mean by stronger that Fiat gets more support and is even more exploitable by already established institutional frameworks, i.e. banks and politics, then yes, as soon as it goes digital it will be much stronger in the sense that governments can pull off even more shenanigans against their citizens.

But I think that time might also play into the hands of Bitcoin advocates. Right now we are arguing a lot with older generations, people who fear the status quo under which they grew up is now threatened. Psychologically that is almost perfectly normal behavior. Now with time passing by it is likely that more and more Bitcoin advocates also get into political positions of power. What is the chance that a president of the US in 20 years from now is a Bitcoin fan compared to Joe Biden being a Bitcoin fan? That's really an important factor in my opinion. The generation that is now speaking against Bitcoin is mostly people at age 50+ in powerful positions. If by tomorrow people between 25 and 40 had a majority vote, everything might be looking quite differently for Bitcoin in the positive sense already.

Time will tell! Smiley
This will have an impact on the world of the future, now we cannot deny that the governments of different countries are paying attention to bitcoin. But they are still afraid of him and the reasons for this are different, some simply do not understand him, and some are afraid of him, because he does not fit into their management model.

They created the banking sector and they find this model very convenient, of course it is good for governments, because it allows them to control everything and allows them to print as much money as they need. With bitcoin, this will not work, and therefore many will not want to accept it.

But as you rightly said, times will change, people will come with a new vision, this should have a certain impact on the world in the future.