Quote from: worldtraveller321 on April 23, 2024, 09:00:40 PM

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

One important advantage of Bitcoin is that it can be bought in bits. Which entails that regardless of how high the price is, the average or poor citizens in the society will still have the opportunity to buy it. The transaction fees and stringent regulatory laws are making things a little bit difficult but Bitcoin will still be the first choice in the crypto space.

Quote from: Yamane_Keto on Today at 03:18:36 PM

It may be necessary to start thinking about using Bitcoin only as a means of conducting transactions and preserving wealth instead of trade out to fiat.
It is true that the procedures have become more stringent, but you can still do P2P trading, buying and selling products with Bitcoin.

That's true. But many people don't have the financial capacity to keep Bitcoin as an investment, they easily sell it to meet their needs. You should also take into consideration that Bitcoin is not legal in all countries and most businesses are not accepting it as a means of payment.