Quote from: Faisal2202 on August 19, 2023, 05:04:35 PM

Quote from: Chukwudumaga on August 19, 2023, 04:34:12 PM

Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?

I thought we have passed that types of discussions after seeing huge adoption and fight for BTC among different governments and platforms. Everyone is trying to get there hands on BTC. Why? Because they all know BTC is going toward next ATH. And in that journey we will see how it will help those countries who have adopted it as legal tender i.e. El-Salvador. How there economy will boost once the BTC make another ATH.

The thing is, most of the countries still do not want to make money out of BTC or any other crypto related technology. And my country is one of them but I hope one day there will come some educated people who might know how to get benefit from the golden opportunities with time.

I believe for Bitcoin or cryptocurrencies to make an economy regulated, they don't really need the government to make investments in them publicly or make them legal tender, as long as a country is okay with them being used by their citizens and are simply just putting some regulations on them only for the safety of their investors. Bitcoin is already pretty popular all around the world but most countries don't yet have any rules or regulations for it.

It will definitely be a big challenge for governments and traditional financial systems to accept this change and allow people to have direct access to their finances and financial activities since that will basically take away the control that they previously had over their citizens or people.