Quote from: Smartprofit on Today at 08:40:45 AM

In my opinion, the main question that needs to be answered when analyzing this scenario is whether modern states are capable of taking concerted action regarding the fate of Bitcoin. For example, the Russian Federation is under international economic sanctions. It views Bitcoin as a financial instrument for bypassing sanctions. A similar situation is developing with a country like North Korea. North Korea is actively accumulating cryptocurrency, in particular Bitcoin. There is information that the North Korean government uses hackers for this purpose. It is unlikely that North Korea is interested in complete transparency of cryptocurrency transactions. And then there is China... We do not know how many Bitcoins are under the control of the Communist Party of China. Moreover, the secret services of most countries also use Bitcoin and other cryptocurrencies to finance secret operations. In my opinion, if all countries, and there are about 200 of them in the world, create state reserves of Bitcoin, then we can get a decentralized system of storing and mining Bitcoin. This system will be strengthened by contradictions between different countries and contradictions between different political blocs of states. Ultimately, in a situation of weakening role of the US dollar and collapse of the globalization system, humanity needs some kind of globally recognized digital currency.

‎Yeah, I see your point and it actually makes sense. Countries like Russia and North Korea using Bitcoin to bypass sanctions is not really surprising, and it just shows how deep Bitcoin is getting involved in global stuff, not just investment. I have also heard stuff about North Korea using hackers, which honestly sounds crazy but not impossible these days. ‎If more countries start holding Bitcoin as part of their reserves, it might really change the whole system, but I feel like it could also bring in new problems too. So my question is will it still be truly decentralized if powerful countries are stacking up and possibly trying to control part of it? I don’t really know..... But with the way the world is moving and the dollar losing some strength, I wont be shocked if Bitcoin ends up playing a bigger role globally.....