Post
Topic
Board Speculation (Altcoins)
Re: What is the future of bitcoin without powerful nations?
by
uneng
on 20/02/2023, 18:32:55 UTC
Countries like USA and China have great influence in bitcoin's price. As we have seen, always an impacting news come from those countries, like China has banned bitcoin or US has raised interest rates, we also see an effect over bitcoin, usually negative.

On the other hand, I've never seen any influence of such strength coming from any african nations regards bitcoin, so I really don't understand why you added Africa in your post.

What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Despite the negative influence powerful nations have over bitcoin, there is still a bright future for the digital currency, as supply gets more scarce, mining difficult increases, fiat loses purchasing power and centralized institutions lose credibility with the public.