Bitcoin’s Role in a Changing Economy

[debra]

What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,

United State still not support yet with bitcoin as legal payment transaction awhile but Donald Trump have promised before will make bitcoin more friendly.
Can't fully believing with politician promising because their goals want to get vote from cryptocurrency community but waiting later when Trump officially become US president will make bitcoin more friendly at United State or bitcoin keep the same viewed from US not get regulation yet.

It seems like it will be difficult to legalize Bitcoin as a legal payment in the country. Unless, in the Trump administration, he really wants to make significant changes related to the use of Bitcoin as a legal payment there. But it seems like there is no plan yet, only, Trump did express that there will be conditions that are much friendlier to Bitcoin. Who knows how friendly the application will be, whether it will also be on the regulations and so on.

[bitterguy28]

It seems like it will be difficult to legalize Bitcoin as a legal payment in the country. Unless, in the Trump administration, he really wants to make significant changes related to the use of Bitcoin as a legal payment there. But it seems like there is no plan yet, only, Trump did express that there will be conditions that are much friendlier to Bitcoin. Who knows how friendly the application will be, whether it will also be on the regulations and so on.

i think we can take these steps one at a time i mean i know we are all excited and we are all thinking of the possibilities of what can trump do and how big of a change can he make but we are only starting and the good thing here is that at least now we have politicians and authorities that are procrypto which i think should be and is the first part of creating a friendly crypto community which trump has done already so the question is what's next and i may not know the answer yet but i know that it will not be bitcoin being considered as a legal tender in the us and that much is what i can tell

[SmartGold01]

It seems like it will be difficult to legalize Bitcoin as a legal payment in the country. Unless, in the Trump administration, he really wants to make significant changes related to the use of Bitcoin as a legal payment there. But it seems like there is no plan yet, only, Trump did express that there will be conditions that are much friendlier to Bitcoin. Who knows how friendly the application will be, whether it will also be on the regulations and so on.

i think we can take these steps one at a time i mean i know we are all excited and we are all thinking of the possibilities of what can trump do and how big of a change can he make but we are only starting and the good thing here is that at least now we have politicians and authorities that are procrypto which i think should be and is the first part of creating a friendly crypto community which trump has done already so the question is what's next and i may not know the answer yet but i know that it will not be bitcoin being considered as a legal tender in the us and that much is what i can tell

We should be positive over bitcoin and the positivity around bitcoin currently is what keeps propelling the price currently because there are people literally on their own would never want to venture into bitcoin investment, but with the rate at which bitcoin is being waxed around the air and within all space couples with Trump pronouncement about bitcoin give them the basics foundation to entrust bitcoin the more. Usually they were thinking Bitcoin is scam or ponzi but with the rate at which the market has scaled up unexpectedly they have decided to venture and even Trump himself knows what the general public wants and that is legalization of Bitcoin.

[Stuart]

Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?

For the moment, Bitcoin will definitely continue to maintain its dominance in the crypto market, while in the long run, it will have a much bigger picture in the entire world.

What Bitcoin will have in the future will be made visible in a little glimpse this year 2025, if there comes to be mass adoption and usage of Bitcoin by the government sectors of the world, where Bitcoin will face more demands than ever in the history of crypto currencies.

[Bobcrypto]

for now only America has just stated its support for btc, the price has skyrocketed, let alone the 3 countries you mentioned, especially if China changes its mind about btc, I am increasingly convinced that the price of btc will be higher than it is now.

What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,

Mate, it depends on how you define a support, but in my opinion, if Donald Trump is just a crypto friendly president elect, i think it is still a supporter despite the facts that new laws are not yet in place.
in addition, everyone in a country may not be a supporter but a few that shows their support can represent the whole nation irrespective of the fact that they are limited in number.

[taufik123]

-snip-
What Bitcoin will have in the future will be made visible in a little glimpse this year 2025, if there comes to be mass adoption and usage of Bitcoin by the government sectors of the world, where Bitcoin will face more demands than ever in the history of crypto currencies.

It will be a new history after El Salvador, because seeing in the past El Salvador began to adopt Bitcoin, many institutions began to buy bitcoin.
But if now other governments such as the US start to do mass adoption this will be the biggest positive news for bitcoin, especially now that Trump is intensively supporting Bitcoin and we will see soon Trump is inaugurated and what he will do for Bitcoin.

[Gurujebs]

]
Mate, it depends on how you define a support, but in my opinion, if Donald Trump is just a crypto friendly president elect, i think it is still a supporter despite the facts that new laws are not yet in place.
in addition, everyone in a country may not be a supporter but a few that shows their support can represent the whole nation irrespective of the fact that they are limited in number.

This is my going to be easy for Donald Trump, I know that we in crypto space are in patience since we are used to things been fast but trust me, a new law that protect and guidelines Bitcoin is not something the government will create that very fast, it will take time before it's been implemented and most likely not when we expect it.

Making a law to pass is like bringing a new thing into the system that doesn't want to see it. It will take a lot of lobbying and petting the law makers and congresy before we Bitcoin as a recognized asset in United state.

[Celsius]

Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?

Bitcoin immediately works against inflation especially where the supply of paper money is infinite whereas the supply of Bitcoin is limited and this limited supply must work against inflation.
Where the supply is limited, the demand among the people will increase as time goes by but the value will increase slowly due to the limited supply whereas if there is a reserve deficit due to the endless supply of money then the bank can print paper money as a result of which inflation is widely observed.
But if you look at Bitcoin, you will see that it is not controlled by any third party, so there is no possibility to increase its supply because it is not controlled by any person or organization in the global market, so if the global economy is dependent on Bitcoin, then inflation can be reduced to a large extent.