Can the world bank be in charge of bitcoin?

[Lenipiw]

When the central banks of different countries of the world will approve bitcoin. Then trade and investment in Bitcoin will increase a lot. However, not all investors will have Bitcoin on their investment list. Because Bitcoin will then only be the investment coin of rich people. Currently rich and middle class investors invest in Bitcoin. So I think the future of Bitcoin will change a lot.

[elbans89]

Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.

I thonk it will happen , the world bank might the one who is superior in charge of the said cryptocurrency.
by seeing the popularity of bitcoin and altcoins now, I think world bank will consider to addopt crypto currency.
But They will rethink how to control the volatility of crypto currency.

[mlawson71]

The World Bank is not currently in control of any crypto. As far as I know, they are against cryptocurrencies to begin with.

[Hisbullah]

The World Bank is not currently in control of any crypto. As far as I know, they are against cryptocurrencies to begin with.

I think world Bank should addopt and learn about crypto currency.
Because It's the future technology and cannot be reduced.
World Bank should create own crypto currency.

[Sumi]

Bitcoin has been a life saver since the early 2010s, believe me it worth the time, effort and dedication. If you have waste your money in the bank without investing it in bitcoin, you would probably remain the same or probably be affected by our normal inflation, it's a wise move and great decision.
On a second view, instead of holding bitcoin at this huge price, why not sell and buy back when price tank. Remember you aren't holding for long term but average time frame to make some cool cash. This year may not work like next year.

[densus88]

Bitcoin has been a life saver since the early 2010s, believe me it worth the time, effort and dedication. If you have waste your money in the bank without investing it in bitcoin, you would probably remain the same or probably be affected by our normal inflation, it's a wise move and great decision.
On a second view, instead of holding bitcoin at this huge price, why not sell and buy back when price tank. Remember you aren't holding for long term but average time frame to make some cool cash. This year may not work like next year.

I agree with this "This year may not work like next year.
Bitcoin and crypto currency are unpredictable.
No one can predict bitcoin and altcoin.
Because always volatile and many factor will influence bitcoin and altcoin price
Demand, supply, and negative news

[LisaH]

Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.

The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.

[Senin]

Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.

The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.

You are too frivolous about the problem of replacing banks with decentralized finance. In my opinion, this is not possible in principle. Do you have at least an idea of ​​how the financial reporting of enterprises of various forms of ownership to the tax service takes place and what role do banks play in this? It is the banks as intermediaries that issue documents confirming transactions to these enterprises and they serve as the main documents for submission to the tax service and audit.
On the other hand, how can banks disappear if they are under the patronage and protection of the state, since they perform many useful functions for the state?

[Bobcrypto]

I doubt the possibility of world control over bitcoin now or in near future, though there are serious regulation globally on crypto but bitcoin is decentralized digital money running on the public blockchain. If world bank decides to control btc it may be extremely difficult, but based on current regulatory pressure, nothing can be rule out. However, bitcoin will be very difficult to be centralized by any organization or persons on any reasons.

[jhm]

The very point of Bitcoin (and crypto as a whole) is taking power from such places, and into your hands. If speaking about just Bitcoin, its already quite centralised with regards to a good chunk of it in the hands of a select few (the exchanges, certain investors, Satoshi himself). Doing more to Bitcoin, like a bank being in charge of it ...silly, and killing the purpose 

[sacrotic]

Bank only use the technology but alll transactions must start and finish with fiat, if they use bitcoin there's possibility economy circulation will change. Bitcoin should have their own bank and law to support entire activity, possible but not in near time. World bank control economy in regulation and support, stable is the direction and using bitcoin is dangerous, for now.

[36B]

I'm sure it won't happen because banks will never be able to control bitcoin including the government that asks for taxes to bitcoin will never be able to, bitcoin is a digital currency that was created with the aim of circulation it can never be controlled by anyone so that makes bitcoin can be said as the main opponent of the bank.

[damsix]

The world bank certainly has different directions and goals for Bitcoin so that the world bank will not care about Bitcoin when the price goes up and down uncontrollably because Bitcoin already has a decentralized basis.
If we learn technology, this technology will really help us to make a transparent platform and this is something that the Bank hates or at least is not recommended because it can track the identity of customers whose nominal is very large.

[Anonylz]

Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.

Why do you think this can happen? do you think they might be in charge or take control of the whole Bitcoin mining? or maybe they could take control of the entire Blockchain? I don't understand why you want to think that this can happen. This is the reason they called it "Decentralized" no one single person or entity controls it. 

[Afony]

If banks are going to be responsible for bitcoin mining, they will not be given it so easily. Bitcoin is an independent payment system that controls the production itself and regulates the price of all cryptocurrencies, maybe they will agree with banks.