Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin popularity.
by
fikrett
on 14/10/2024, 09:33:58 UTC
Quote from: MainIbem on Today at 08:50:22 AM
Quote from: FortuneFollower on Today at 06:21:52 AM
Quote from: Negotiation on Today at 03:34:08 AM
The popularity of bitcoin is really high in the future the popularity of bitcoin will increase because the current era is going digital. Online work is getting completed very fast and people are turning to online which is increasing the demand of bitcoin. Bitcoin is a completely decentralized currency system. It is not controlled by the government or any authority. No one else can take ownership of their bitcoin network. The entire process of bitcoin transactions is anonymous. Bitcoin transaction process is very fast in working online. The current generation wants this kind of better and faster process which is making bitcoin more popular.

I wouldn't say that digitalization moves BTC more to mass adoption, for now, we can say that the institutions and some govs do start to see the value in it, creating reserves, ETFs, etc. But I don't think it will be used for online work or for work in general, Grin Not on the official level, at least.

There's no doubt that the popularity of Bitcoin would be far more better than it is in the near future, the increase in price of Bitcoin over the years has made it turn into an asset class thereby attracting more investors to it and we all know that despite that it's undergone several dips the price would still go higher and that's why it's the best for investment purposes. I think the adoption of Bitcoin would've been far more better than it is currently if not for the regulations by several governments and war in certain economic regions but then all those won't hinder Bitcoin from a massive adoption in the near future cause more people are beginning to see it's usefulness for different use cases.Well, Bitcoin is a digital asset so I think digitalisation also plays a role in it's adoption by the masses.

I do think that institutions won't leave it without regulations, as the whole crypto space in general. CDBC is being created for a reason, that is, to be in control of something that would be moving crypto space with their own use cases and so on Grin
Only time will tell.