Most headlines talk about ETFs, Wall Street adoption, and U.S. regulations… but what if the real crypto story is in developing countries? In places like Argentina, Nigeria, and even here in the Philippines, people use crypto for survival - fighting inflation, sending remittances, and daily expenses.
So here’s the question: is the future of crypto shaped by Wall Street investors, or by ordinary people in weaker economies who actually use it?
What do you think?
This is a misreading of the global landscape. These issues may matter for major financial markets, but they do little for the unbanked in one part of the world or the remittance sender and gig worker in another.
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To be honest, I don't think these crypto things are helping people or growing the economy. People just buying some random coins from exchanges hoping for selling high and take some profit from it. But when the price declines, they get feared and as the price even drops down little further, they sell all (everything), thinking the markets is a damn scam. Just look at the hype around NFT's back then, people lost bunch of their hard earned money from it. Bitcoin has a reason so it is sustaining still easily, and I can sense that Bitcoin will probably be the only one standing alone in the market.
We still have many countries in the world have banned crypto things government imprison those funds guilty of trading these coins in the name of money laundering. Look at that, mainly those coins are created by the US developers or some countries, but, they buying some themselves and spreads news across social media, is that important? why would they share(promote) these coins on social media if they had real future value? what are the utilities do these coins have? Do Facebook, Youtube, Google, Microsoft, Amazon.....accepts such coins from their customers? why they can't let their customers pay thru the form of crypto medium? Why do coin developers accumulate their own some generated coins for themselves?.
The US creates a hype, launches new coins weekly, quarterly or yearly, not only US develops coins but other countries develops coins too, but the people trust the US government more and follow their actions & (trends). Many exchanges accept worldwide users (their customers) but are headquartered in the US, regulating and manipulating peoples to stay in the system, for the long term, making chances to rug pull as much as possible.
Do you buy these coins is because of those so called whale buying? Trump actions/making announcements? government bodies movement, spread of those news from the influencers recommending (
promising high returns)? or have a damn high future. I’ve known about Bitcoin very long, bought a small amount at the end around, sold some for profit, and again bought and sold, and then quit altogether. I did this even though the government have banned crypto in my country. So, what contribution did I make to my country’s economy? Did I pay taxes? No.
whatever the people think, I guess most people who are trading/buying/holding some crypto coins believes it's going to change the traditional money exchanging system but I don't think it will go like that way. Each country already have their own currency, so will they accept single 1 coin worldwide?
Some say bitcoin will replace it but after few some decades, bitcoin will probably be traded more like a reserve assets, similar to what gold became. That would make it impossible for people like us to trade Bitcoin as a currency just like gold isn’t used as currency anymore but have some solid value.
That being said, crypto is still used in weaker economies for survival—fighting inflation, sending remittances, and covering daily basis expenses and other personal gains and bla bla.....but in the long run, governments are more likely to push their own Central Bank Digital Currencies (CBDC's)instead of letting random altcoins take over. This is the obvious.
So in the end, Bitcoin has the strongest reason to survive, but most other coins are just hype and built for the rug pull.