Some of you probably saw the news that bitcoin will be fully legal to its citizens in June. What do you guys think will happen to Bitcoin?
Just the ordinary day in the new era really. We have seen many nations giving green signals to bitcoin now and then. I have seen multiple threads about El Salvador, Nigeria, Thailand, Europe where bitcoin is treated like just the new normal thing to accept or see in the daily routine. I dont really think it has made us think about bitcoin in any way different now?
If you think it will be big advertisement to the world and the whole world will start accepting bitcoin after that then it does not make any sense because every kid on the street knows about it anyway. The OTT platforms are having documentaries and series about it which are already doing that for us. They are showcasing and featuring bitcoins in the series all the time, just like its something common to hear.
Good for locals in that country. They will at least wont have to go through hassles of banking and we can connect more crypto enthusiasts along the way.
Well it's not about what the people think entirely. The point of allowing bitcoin to be used in that particular state/nation is to well, have people use bitcoin in that country. The positive feedback will follow when more and more people who are already aware of bitcoin is and are using it, use it with no worries. As with Hong Kong, this is not just about having people use bitcoin in the country. It's also an act of rebellion against China who we all know are trying to annex them and invade the country.
Being cynical pays, but not in this case. There's a real positive feedback loop that happens with countries allowing and accepting bitcoin usage within their borders. It's not just about clout or whatever the hell you're implying.