Bitcoin at risk of being outlawed in 2020 as world economic collapse.

[Paglamon]

John says, Over the year 2019, it has become apparent that most economies around the world have stagnated. This has been evident in some of the biggest economies in the world. For example, the U.S, China, Germany, and the U.K. All these countries had a bad year which has shown little positive prospects for the coming year, 2020. This could mean more popularity for Bitcoin which has become a hedge for a bad economy and a poorly performing national currency. But it's not all positive. Some governments might be keen to outlaw Bitcoin in fear that its citizens will seek refuge in it and worsen its economic turmoil.
Most experts expect further monetary easing policies in the year to come. Monetary easing has taken place in at least 37 developed Central banks in the last year. This like in 2007 is a sign that the economy is not well. In addition to Central banks easing their monetary policies, it has been reported that their gold hoarding has hit a 50 year high. This year alone, Central banks have accumulated 668 tons of gold.
In 2020, Bitcoin is expected to soar. This means that its popularity will skyrocket. As the masses get pulled in because of its success and a failing economy, we could see world governments begin censoring, banning or heavily regulating Bitcoin. This could very well backfire and see even more people get interested in the digital asset. But it could as well lead to a fall.
What's your opinion?   

[Andruha1993]

I think the price of digital assets will only increase next year, because the popularity of bitcoin is only increasing every year. But this is just my guess. I could be wrong. As the saying goes: "Wait and see!"

[Senin]

If the next global economic crisis sets in, it will certainly give a good impetus to the development of cryptocurrency. However, I did not meet with serious information about the approaching such crisis. I think it's hardly worth worrying about cryptocurrency. If such a tightening will be, then only in a few states, such as China and India, where before it was not very favorable to her.

[OptimusPrime]

I don't see this as a reason why bitcoin will be outlawed according to the post you made, bitcoin stands more chance to be a relevant tool thatln it use to be

[Vx1]

If there is a surge in Bitcoin in 2020, then why is it prohibited?  Is it because the government is afraid that people will turn to Bitcoin?  If that is the reality, it shows that Bitcoin can be accepted by the public, and there is no reason to ban Bitcoin.

[zilzylian]

The government is too afraid of Bitcoin's technology, the increase in the price of Bitcoin has always been the center of attention of every country because they know that blockchain technology is centralized, transparent and cannot be manipulated, I once thought, what if the Bank created Bitcoin and Blockchain, would the government be legalize the system and investment in the form of Bitcoin or make it just an idea that will always be banned in some countries because they fear real competition because it can threaten the future of banking and corruptors 

[Noverteno]

For the time being, I see no serious reason to fear a fall in the global economy. An increase in gold and foreign exchange reserves means just strengthening the economy of such a state. World economic crises occur periodically and have both negative and positive consequences. State regulation of bitcoin and other cryptocurrencies will occur in any case. So far, states do not intend to directly deal with a decentralized cryptocurrency. They note that it does not pose a serious threat to global financial stability. I see that while they intend to compete with cryptocurrency by issuing their national stable coins. They really can be a worthy competitor for a decentralized cryptocurrency as a means of payment.

[LogiC]

If there is a surge in Bitcoin in 2020, then why is it prohibited?  Is it because the government is afraid that people will turn to Bitcoin?  If that is the reality, it shows that Bitcoin can be accepted by the public, and there is no reason to ban Bitcoin.

It is not prohibited mate. Most country uses it and its outside the rim of government. Maybe they can interfere due to lots of scam activity in crypto but their plan to shut down crypto especially btc is a dead end. This is a wide business already and the people are now aware of the advantages of it. Why do you think other countries support it now and planning to invest with it. Look on China's move about blockchain. Chinese know how to make money and Im sure they found a reason for this.

[Zed0X]

Isn't that what most countries are doing for the past few years? Bitcoin is still illegal in most countries as a currency (legal tender) but it's not forbidden as an investment asset. Countries like China are very strict when it comes to crypto exchanges but it still allows crypto mining. What does that tell you? Governments are earning from these transactions and they don't want that to lose that. It would not make sense if they cut off one sources of their revenue.

[aiviaa485]

It would not make sense if they cut off one sources of their revenue.

This statement is very true and is very worthy to be understood by all people.
Where there is income, that's where the government can take tax for those who have that income.
This could be economic equality for all people generated from Bitcoin trading.

[Duckenth]

Bitcoin is a stand-alone technology and there is no reason whatsoever to cause this to be banned. Especially outside influences, it is not possible. Bitcoin will continue to grow and become a phenomenal digital payment technology in the future.