Bitcoin’s Role in a Changing Economy

[Interpol]

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?

[TomPluz]

I am seeing Bitcoin to even enlarge its dominance as years will be coming by and at the same time it would slowly evolve a lot more than what we seeing it right now. As a digital asset that has become the biggest target of speculations all over the world and now recognized even by Wall Street with the ETFs on the market, people who are holding Bitcoin are now looking to one day experience its promised 1 million dollar price tag. That can come a decade or even more from 2024 though this is also just another speculative prediction on my part. Bitcoin is carrying the banner of the whole cryptocurrency industry and I know that this industry is poised for greater growth and expansion in 2025 and beyond sans crypto winter, of course.

[Bobcrypto]

Yes, these features has made Bitcoin a unique asset class, and a potential to change the economy of many nations of the world.
Bitcoin Capped supply, immutable, strong network effects, decentralization make it better in changing the economy. It is important to further highlight some advantages that will enhance its capacity over Fiats. Bitcoin is regarded as a store of value and a hedge against inflation. Obviously, Bitcoin is a digital Gold.

[robelneo]

Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?

They have been dominating since their creation, and I don't see any reason why they will lose their dominance in the market. I just ignore those developers that claim that they have a project that can beat Bitcoin's dominance.
The fact that it evolved into something great more than ten years ago means it will continue to evolve into something greater than what we are experiencing today; we are good now, and we will keep growing better.

[Aanuoluwatofunmi]

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 is well recognized by every financial authorities and it is then being used as a legal means of making payments, we can afford to get in more of these by is adoption and other applicable uses we want to have it on our finances, it can change an economy if the principles regarding its network are strictly followed, we can also get more of bitcoin the more we are using it for our day to day uses, because its a p2p network and also being decentralized.

[ZAINmalik75]

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?

BTC is the alternative for Gold because BTC have more benefits than Gold and more profit too. People nowadays don't even talk about Gold anymore they just want BTC a thing that they can take with them anywhere and can see it anytime. They cannot have this with Gold and they cannot make such profit with Gold too.

Powell also said BTC is going to replace Gold as digital Gold because people will be preferring it over Gold.

[electronicash]

considering BTC has been in major news channels on international channels i think BTC will be changing economy wildly. more and more leaders are recognizing Bitcoin for it offers freedom from sanctions.

although there is no assurance yet whether BTC will finally be among the reserves, the price of it today seem to be too attractive for investors. if they consider BTC a digital gold so be it.

[0t3p0t]

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?

It will surely eveolve into something bigger given that super power nations are seeing it as an alternative reserve. I've sse in news that the USA is interested on it so as Russia and maybe China as well so no doubt there is a big surprise waiting for the Bitcoin community in the coming months or years.

[TomPluz]

I've seen in news that the USA is interested on it so as Russia and maybe China as well so no doubt there is a big surprise waiting for the Bitcoin community in the coming months or years.

I could not imagine what can be the price of Bitcoin once three big countries with the biggest economies will decide to include BTC on their strategic reserve. Once USA will go for it there can be a big chance that the other two will start to look at this possibility and also make mining a very legal activity in their boundary so they can have their own supply of Bitcoin. We know that China made a blanket ban on cryptocurrency years ago but there is a big chance they would modify this stand to allow Bitcoin to come in once again. Russia can be using Bitcoin to overcome many of the economic difficulties it is facing and to circumvent the embargo imposed on it by many countries sympathetic to Ukraine. In the coming years, we can be in for major surprises involving Bitcoin and I feel lucky to be a small part of this story.

[Azharul]

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?

Yes, actually I also believe that bitcoin will reach of high position in cryptocurrency market. I also believe that bitcoin is also change the economy in crypto currency would. So it's will be true that bitcoin remain in digital gold in cryptocurrency world. Because we know that bitcoin price is increasing gradually in crypto currency market. In this time bitcoin passing $100k, so I believe that after one year bitcoin pass $150k. Then i think that it will be changing our economic condition. So it will be great achievement for bitcoin or cryptocurrency world.

[bitterguy28]

Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?

people might think that this is the biggest that bitcoin will ever be but i do not think so in fact i think this is only the start of bitcoin's massive adoption yes bitcoin is well known worldwide and there are countless of people using and holding bitcoin currently but i believe there will be a time where bitcoin will be the norm and kids would grow up knowing what bitcoin is because it is so commonly used by everyone in the society it will not be known as a niche up and coming trend from the fintech sector it will change the financial system and will be used by the average citizen in the future

[Mr. Magkaisa]

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?

         -     There are several countries that are already investing in bitcoin and some of them are El Salvador, and Bhutan which are not large countries but they have managed to invest in Bitcoin and now they are for sure profiting from the current price of bitcoin.

So if the government of each country is open and the government officials are not corrupt, it will definitely help the economy of each country.

[Crwth]

There have been many things that have happened with Bitcoin. Many people have seen its multiple deaths, and it has evolved to be a significant hedge and store of value. We all know the inflationary factor of USD.

I do see other countries following the current trend, transforming the finance stage, and improving the economy.

[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 long run, there is something bigger ahead, while the dominance of Bitcoin in the market is and will be. The dominance of Bitcoin in the crypto market has made a tremendous stand that all other altcoins are affected and possibly controlled by direction with the effect of Bitcoin.

Bitcoin truly has been rated as Digital Gold. Bitcoin value keeps on with constant increase, I don't see devaluation in Bitcoin. I don't really know how Bitcoin will devaluate other native currencies, but, with the adoption of Bitcoin and crypto currencies, there will be positive effect on global economic systems.

The tag Bitcoin as a store of value has been for a long time, though it wasn't made public due to the different negative karma placed on it by different countries. Now, it is fully surfacing, and the big countries are making plans of fully adopting it's usage.

[hugeblack]

The tag Bitcoin as a store of value has been for a long time, though it wasn't made public due to the different negative karma placed on it by different countries. Now, it is fully surfacing, and the big countries are making plans of fully adopting it's usage.

Unlike two countries, the countries have not announced the acceptance of Bitcoin legal tender, and its impact will be indirect, either through investment funds, taxes, company shares, and transactions that lead to economic improvement for individuals and societies, and it is necessary that the matter be reflected positively on the countries, but it does not have a clear and direct impact on the countries.