In addition to the fact that some countries set Bitcoin as legal tender, it will cause Bitcoin to rise, and some countries prohibit participation, which will also cause Bitcoin to plummet.
What other factors will cause Bitcoin to skyrocket?

Like encryption as much as possible, don't invest everything in encryption. You need to have savings and different investments.

As long as there are available nociceptive pathways, there is no such thing as freedom. Humans have their own stories and ways of coping, but I don’t think humans can create a society free of oppression and cruelty.

BTC itself is not helpful for this. BTC is closer to an automated system, and human behavior has begun to swing around it. For humans, the conversion of economics (or at least monetary policy) into physics is as close as possible.

So I don’t think that “socially responsible” capitalism (if that’s what it means) can “stop” Bitcoin.

I can’t control it but whales do. They formed organization over last few years and evolved into omega whale over the time period of 2017-2021. They can easily change bitcoin chart to even look like a cookie .

I'm currently receiving some of my income in BTC, and I'm just holding it because I expect it will go up long term and so it is my savings.

But sometimes I'd like to be able to turn it into fiat for daily expenses. I can't yet pay my rent or buy my groceries with BTC (hopefully one day! but not today and not in the near future).

With banks in some countries blocking transactions from known exchanges is there a worry that one day it will become impractical to turn the BTC into fiat? Either just very hard to do, maybe street-corner-deals or at risk of getting your bank accounts frozen?

Do people think about this and have plans to work around these kinds of banking barriers? Or are there ways around it already but I'm not aware?

Vous ne savez pas pourquoi vous avez été déclassé, mais vous avez raison. S'ils veulent adopter la crypto-monnaie comme monnaie légale, ils devraient au moins utiliser une crypto-monnaie qui appartient à la catégorie du "cryptage des transactions" plutôt que de la "réserve de valeur" sinon, vous paierez 50 $ Coût de la coupe de cheveux (exemple aléatoire)

Nothing stops people in these counties from keeping some of their money in stable coins. Stable coins would be great for such people to keep for funds needed in the short term (converting to btc at point of sale to complete a transaction) and holding Bitcoin for longer term savings.

Stop feeling bad. This is a positive game changer for these places. Especially the ones where their own governments rip them off on the regular.

Overall, the fact that this is now over and Bitcoin has continued to function as usual, is a positive development.
No more permanent FUD the likes of which "what happens if China bans Bitcoin".
Nothing happens, Bitcoin continues operating as usual.

As far as Bitcoin is concerned, no one should worry about it, because we know that his price will pull back, maybe it will break through the previous price, so be patient and don’t rush to sell Bitcoin. It’s better in your own hands. .

Guys,

In the history of BTC there has been 7 death crosses. Today is the 8th.

Want to know what happened on the previous 7 occurrences???

The market drastically corrected for the next 2 weeks to possibly 3-4 months. Only one occurrence did it extend 3-4 months. I believe 6 of them lasted only a few weeks to a month. Guess what happened after the correction??? 7 of Bitcoins largest ever bull pumps happened for the next 3-6 months after.

My point??? You should probably be buying as much as you can for the next few weeks to a month if you can. If you believe in history and trends, BTC is going to the moon likely starting sometime in July.

Quit selling! And start buying. Think like a whale.

Period.

Already we can see that China plans on making the digital yuan a near reality. They have invested in blockchain technology and they plan on getting rid of bitcoin, its main competitor. The sentiment from the International Monetary Fund and the World Bank is that they will only back digital coins that are issued by other central banks. Nationalists that are interested in protecting the value of their currency as well as the banking elite will always attack bitcoin. We have seen that happen in Turkey. Turkey's lira is experiencing rapid inflation so many of investors have started to put their money in bitcoin for safe keeping. Unfortunately Turkey has banned all cryptocurrencies.

China's digital yuan has the capability of tracking people's spending habits, where they send their money and potentially where they live. When you look at the future of digital currency, it may be headed towards the CCP's goals. There will be absolutely no freedom with spending habits being traced. This would be good for the government that is interested in stopping money laundering but it'll also introduce a new level of technological privacy invasion. When the "Fed Coin" becomes a reality, I don't think most people would trust it very much.

I am a workaholic so apologies for typing this in a non formal way. I am trying to wrap my head around how the current fed meeting and (soon to come in the next few years) high inflation will play into Bitcoin?

In general - would Bitcoin be a hedge against soon to come hyper inflation?

Bitcoin Layer 1 simply cannot support this. 1 transaction per month from each person in El Salvador would use 100% of Bitcoins transaction capacity for that month.

What solutions are being proposed/implemented by these countries to make it viable - without using any/many Layer 1 transactions?

Are they using Lightning?

Are Banks providing BTC accounts, and then settling transactions on L1 occasionally with each other?

Is it something else?

How are they using Bitcoin to buy a 5 cent cup of coffee, with near-0 fees?

This is a good start. I believe that more and more countries will set Bitcoin as their national legal currency, but there are still many small aspects to consider, but setting it as legal currency is undoubtedly Promote the development of Bitcoin.

The government does not accept Bitcoin because it has control over Bitcoin and cannot control Bitcoin, so the government tries to ban Bitcoin to achieve control over the people.

In the next 5 years, more people will buy crypto and a number of countries will accept crypto by regulating them. Right now only 1% of total world population involve in investing into the coin, can you imagine if 10% of the world start buying crypto in the next five years. It will push the price of crypto well beyond your imagination. Coin price which price 20 cents now, in the next 5 years will rise up to USD50 or even USD100. The adoption of crypto currency cannot be avoided. The mil lineal or younger generation will tech savvy and crypto is like new way of investing, spending, transfer money and all sort of thing that crypto being created for a function in real life. The early you invest, the better your return in five years. Buy now, hold for five years and see your investment giving return 100X or 1000X

I just want some ideas or opinions as I'm struggling to think through how it might work/play out.

Would Bitcoin phase out? Can both exist seamlessly? How/Will they affect each other?

Any help is appreciated, thanks.

I agree with you that Bitcoin may be banned, but it will not be shut down.

Bitcoin is a better store of value than Fiat.BTC stores value better than paper money because its supply is limited.
As far as the U.S. dollar is concerned, inflation is part of the Fed’s plan. Therefore, it is not surprising that our purchasing power has been eroded. People who live on retirement savings continue to erode their purchasing power due to inflation.
Bitcoin won't be like that. Bitcoin provides more stable value for those who are saving so that they can live a comfortable life in the future, and it also provides more stable value for those who have a fixed income or are approaching a fixed income.

Bitcoin as a great innovation of virtual currency, I think it is still possible to exist for a long time, especially in the Geek community. Its value support lies in people's commemoration of the pioneer of this virtual currency and the huge bubble created by it, just like someone collects a bunch of old computers that can't run.