It is captivating for us all to witness the evolution of a DDC (decentralized digital currency) that has the ability and potential to change the financial world forever but there is a question that needs to be tabled properly for the purpose of awareness and well preparedness for the future and that is "is it possible for BTC to be accepted and adopted as a dominant currency in the nearest future".
We have all watched how both small scale and large scale businesses have started to accept the idea of bitcoin as a form of payment for good and services. Now the big major companies these days like TESLA for example are making big transactions with bitcoin making btc look viable and acceptable for exchange even in the future and we all know that this is only possible because they find it more easy and secure for their digital transactions with low transaction fee compared to the normal bank transaction system. But then how can we ignore that bitcoins journey towards being dominant means of transactions Is faced with challenges such as concern on price volatility. That aside several countries are still trying to steer how to regulate the cryptocurrencies and these actions can crucially impact the value/utility of BTC, well this is what i think.🤷♀️
What is your opinion on this topic?
No one can say accurate answer here since bitcoin adoption will always depend on the decision of government around the world. If they can see something beneficial upon their acceptance on bitcoin maybe there's little chances that it will happen. But we also need to consider that they have their own fiat and for sure they will not set aside that since this is can be called as their identity. Maybe bitcoin might became their second or third option currency to be used but I don't really convince for now that it can be a dominant currency on global market. Let's just enjoy the benefits of bitcoin as of the moment and for now lets set not prioritize those unrealistic thinking since it will just add up some stress to us debating on any unsure conditions.