Since I started studying bitcoins a few days ago, I've learned about their influence on the global economy and their many benefits and drawbacks. However, because to my research, I now have a better understanding of how quickly bitcoins are spreading throughout society.
And in your own opinion, how fast does bitcoin spread to all people in every corner of the world? Since I didn't see you explain this in the topic before I answered all of your questions which are basically good questions. Although on the one hand I also really appreciate your opinion and also the research that you have done in your own way.
After conducting this research, I came up with a number of topics that I'd want to have us address in this format in order to help traders, investors, and other bitcoin owners improve their efforts and keep utilizing the currencies as their primary means of payment.
For this kind of thing, it actually won't go wrong if you do it, but you also need to know the types of people who have owned Bitcoin so far. And on this occasion I will say that there are two types of people who own Bitcoin with different ways of using and viewing it. First, there are people who, after getting Bitcoin, are very reluctant to just let it go, so they prefer to keep saving with excessive affection for Bitcoin.
Either he got it by buying or in any way he knows how to get it so he will always prefer to use fiat currency for any payment rather than sacrificing the Bitcoin he has, and the second is the type of person who likes to keep Bitcoin but he also has no affection for Bitcoin when he wants to give it up so he is more likely to sacrifice Bitcoin when he is in need of money in life and he will also not forever consider using fiat currency as long as what he sacrifices can reap the benefits.
These inquiries are listed below.
1. What do you think about the influence of bitcoins on the worldwide economy?
The impact of Bitcoin on the global economy can actually be many and one of them is if, for example, economic parties or large companies start considering accepting Bitcoin in terms of whatever payments they have and also whatever services they have. Then a currency like fiat will have tough competition even though fiat currency will still exist and will not just disappear. This is one of the influences besides the development of Bitcoin itself which will continue to advance.
2. Do you believe that Bitcoin will one day replace traditional currencies?
I believe, but I believe even more that one day Bitcoin will be near fiat currency and run parallel to fiat currency. This means that Bitcoin can be used for anything in terms of payment for goods and services as most people have long used fiat money for this and so far I still don't think that Bitcoin can immediately replace fiat money for the whole world.
3. Do you believe that bitcoin will unquestionably displace current financial and economic systems?
Well, for this I am still confused to believe because there is still a little doubt in my mind personally. This is because the makers of the financial system and the world economic system still don't want to use Bitcoin in all sectors if they don't benefit from it. So it is possible that there will be longer research before the creators of the financial system really want to use Bitcoin as a new system for them.