Crypto: temporary trend or future revolution?

[Cryptsafe]

This is a financial revolution and it is gradually fading away the era of fiat. Although fiat is still common but the truth remains and this is what is currently happening as Crypto has taken over financial industry. Investment strategies have changed for good and people are taking advantage of the digital economy to boost their portfolio and do far there have been lots of positive impart on the existence of Crypto and it could visibly be seen in the world. 

Looking at the current situation or status of Crypto based on the recent developments and happenings, there is every possibility of a full blown global adoption coming soonest and it is coming with a full force were government's would have no option than to fully adopt and Integrate it into their economies while using it as a store of value.

I also think so, at the beginning of the launch of bitcoin the government rejected bitcoin and many negative issues attacked bitcoin. But now the government must adopt bitcoin and allow its citizens to invest in bitcoin because bitcoin is getting more popular and the government cannot refuse it.
by allowing and making rules, the government can get taxes from bitcoin and crypto when its citizens transact on local exchanges.

Obviously, I believe the initial reasons why the government was clamping down on Bitcoin was as a result of the tax and other benefits that they weren't receiving from Crypto and Bitcoin transactions hence their actions and fight against it. As at that time, individuals were bypassing the government institutions and it was obviously clear that the government wasn't really getting their returns as usual and that warranted them to investigate and finding out what must be happening and I believe they discovered it was Crypto hence their fight and actions against it.

[Hisbullah]

Obviously, I believe the initial reasons why the government was clamping down on Bitcoin was as a result of the tax and other benefits that they weren't receiving from Crypto and Bitcoin transactions hence their actions and fight against it. As at that time, individuals were bypassing the government institutions and it was obviously clear that the government wasn't really getting their returns as usual and that warranted them to investigate and finding out what must be happening and I believe they discovered it was Crypto hence their fight and actions against it.

It's not just taxes and benefits that the government didn't receive when crypto first existed that they fought it but what I heard was because of government concerns that crypto would be used for illegal activities.
The government is afraid that bitcoin will be used for money laundering.

[Aanuoluwatofunmi]

Cryptocurrency is not like a testnet for other projects which may eventually fades away and we stop hearing about them again after some time, this is why we keep preaching that bitcoin in crypto has come to stay, if other cryptos are not sure or reliable, then we have only one of them which can gain our trust and confidence and that is bitcoin, we don't have to fear on what tomorrow maybe for any reason, because crypto is here to stay as an alternative to our traditional payment system.

[TomPluz]

It's not just taxes and benefits that the government didn't receive when crypto first existed that they fought it but what I heard was because of government concerns that crypto would be used for illegal activities. The government is afraid that bitcoin will be used for money laundering.

In the previous years, the government was not yet able to fully grasp the significance of cryptocurrency hence they were then acting misguided as to what to do and how to treat the rise of it with some fearing that it would be a big threat to the economy and the dominance of the dollar especially in the international scene. Of course, the concern on money laundering and illicit use of it were part of the mix also and the tax factor is one big concern. Past forward today, there is already an emerging good understanding of cryptocurrency most especially in 2025 when a new POTUS and a new Congress will come on the scene. I would say that we are all evolving on many facets and many things are looking good for cryptocurrency overall.

[MUGNIA]

We moved a long way from calling it as bubble and if someone still claims it is they're too blind to see what's the reality. It's already making governments to create policies on it's own kind and still a lot of potential to grow. Trump is showing making the Bitcoin as a part of government reserve which is going to be the next big thing for crypto.

What trump did by choosing bitcoin as a reserve for government funds was the right move. because bitcoin can hedge and avoid inflation.
I never thought bitcoin was a bubble, because so far the price of bitcoin will be more expensive every year during the 4-year cycle.

The question is whether it is true that BTC can reduce or avoid inflation in the future, sometimes we are also confused by the economic situation, currently various methods have been carried out but inflation cannot be avoided, such as taxes, interest rates have been increased but it still occurs

[Hisbullah]

We moved a long way from calling it as bubble and if someone still claims it is they're too blind to see what's the reality. It's already making governments to create policies on it's own kind and still a lot of potential to grow. Trump is showing making the Bitcoin as a part of government reserve which is going to be the next big thing for crypto.

What trump did by choosing bitcoin as a reserve for government funds was the right move. because bitcoin can hedge and avoid inflation.
I never thought bitcoin was a bubble, because so far the price of bitcoin will be more expensive every year during the 4-year cycle.

The question is whether it is true that BTC can reduce or avoid inflation in the future, sometimes we are also confused by the economic situation, currently various methods have been carried out but inflation cannot be avoided, such as taxes, interest rates have been increased but it still occurs

In my opinion, bitcoin can hedge assets well, so far because the determining factors for bitcoin prices are demand and supply. Bitcoin is not affected by inflation if demand is high enough and many investors buy bitcoin to protect their assets. And this has been done several times in the past.

[Bobcrypto]

I started to think, will this crypto actually just be a trend that will fade, or is it still possible to become a revolutionary currency that shifts the existence of FIAT?

As long as there are some people who want or need privacy, decentralized or noncensorable aspect offered by cryptocurrency, it will not fade.

And besides the people who needed privacy, decentralized ecosystem, for those who believe that cryptocurrency is a store of values, and s hedge against inflation, the revolution will definitely continue to strive in the future, it will not fade at all.
Again, many people who sees cryptocurrency as an assets class, Just like gold, this will be an added advantage to the revolution, and in my opinion, It will land in the moon!.

[enwi]

I started to think, will this crypto actually just be a trend that will fade, or is it still possible to become a revolutionary currency that shifts the existence of FIAT?

As long as there are some people who want or need privacy, decentralized or noncensorable aspect offered by cryptocurrency, it will not fade.

And besides the people who needed privacy, decentralized ecosystem, for those who believe that cryptocurrency is a store of values, and s hedge against inflation, the revolution will definitely continue to strive in the future, it will not fade at all.
Again, many people who sees cryptocurrency as an assets class, Just like gold, this will be an added advantage to the revolution, and in my opinion, It will land in the moon!.

Any great invention presupposes our readiness to embrace the change and delight in one’s possibility. Cryptocurrencies are perhaps one of the only ways in which a tangible representation of technological advances is visible in people’s daily lives. This way we unlock windows for more participation and inclusion to be captured in the system as more people benefit. This technology makes me closely envision a world of interconnectivity, most especially as it relates to economic fairness to every person. What this development shows us is that technology was not the problem or the solution, it is about how we apply technology in furtherance of a common good for our future generations.

[MUGNIA]

In my opinion, bitcoin can hedge assets well, so far because the determining factors for bitcoin prices are demand and supply. Bitcoin is not affected by inflation if demand is high enough and many investors buy bitcoin to protect their assets. And this has been done several times in the past.

If to protect assets I think this is the main purpose of bitcoin, it's just that I think if bitcoin experiences a decline then we will experience financial losses, but this could be even higher, actually investing in bitcoin is currently a fear in itself if it experiences a decline especially when buying at a price range of 100k$ up yesterday, where it takes 3-4 years to make it higher than the purchase price, this really has to use cold money and to avoid panic when btc experiences a decline

[Mr. Magkaisa]

Obviously, I believe the initial reasons why the government was clamping down on Bitcoin was as a result of the tax and other benefits that they weren't receiving from Crypto and Bitcoin transactions hence their actions and fight against it. As at that time, individuals were bypassing the government institutions and it was obviously clear that the government wasn't really getting their returns as usual and that warranted them to investigate and finding out what must be happening and I believe they discovered it was Crypto hence their fight and actions against it.

It's not just taxes and benefits that the government didn't receive when crypto first existed that they fought it but what I heard was because of government concerns that crypto would be used for illegal activities.
The government is afraid that bitcoin will be used for money laundering.

         -      Even before Bitcoin, money laundering was happening, even without bitcoin, fiat was also being used for illegal activities. So, for me, the main reason why other governments don't like bitcoin or cryptocurrency is because they don't get any tax from it.

Secondly, its decentralized nature means that no government in the world will ever be able to control it in this era, that's why other countries just adapted it because they also saw an advantage in it to help their economy and an example of this is El Salvador and the country of Bhutan, right?

[Rubel007]

The attitude of governments towards cryptocurrencies has been much more flexible than before, although this has not been seen in all countries, but some countries have already started to change their policies.

Cryptocurrencies are highly volatile, so for some, investing in this platform is too risky. People's interest in crypto is gradually increasing, which is why they can now think more about it. The way crypto is being supported will attract more people's attention in the future. In the meantime, the US has plans to create a strategic bitcoin reserve and other countries will also want to do so. Because of this, crypto will now develop into a stronger position in financial world. But I would never think of crypto as a competitor to fiat.

[Cryptsafe]

Obviously, I believe the initial reasons why the government was clamping down on Bitcoin was as a result of the tax and other benefits that they weren't receiving from Crypto and Bitcoin transactions hence their actions and fight against it. As at that time, individuals were bypassing the government institutions and it was obviously clear that the government wasn't really getting their returns as usual and that warranted them to investigate and finding out what must be happening and I believe they discovered it was Crypto hence their fight and actions against it.

It's not just taxes and benefits that the government didn't receive when crypto first existed that they fought it but what I heard was because of government concerns that crypto would be used for illegal activities.
The government is afraid that bitcoin will be used for money laundering.

         -      Even before Bitcoin, money laundering was happening, even without bitcoin, fiat was also being used for illegal activities. So, for me, the main reason why other governments don't like bitcoin or cryptocurrency is because they don't get any tax from it.

Secondly, its decentralized nature means that no government in the world will ever be able to control it in this era, that's why other countries just adapted it because they also saw an advantage in it to help their economy and an example of this is El Salvador and the country of Bhutan, right?

I will agree with your opinion here that one of the reasons why the clamp down on Bitcoin and Crypto is strong is as a result of the decentralised nature were nobody has any autonomy  and control over it. This is why the government wants to exercise their power over everything by always wanting to control everything to their own way.

I believe with the regulations on cex, the government can now collect tax and also monitor transactions as it pleases them. They were able to do this because the cex allowed such for their own selfish interest. As it is business for the CEX, so it is a business for the government and an opportunity to compel the cex to accept their policies before they could operate within their jurisdiction and also allowing their nationals to use their platforms.

[legend45]

Obviously, I believe the initial reasons why the government was clamping down on Bitcoin was as a result of the tax and other benefits that they weren't receiving from Crypto and Bitcoin transactions hence their actions and fight against it. As at that time, individuals were bypassing the government institutions and it was obviously clear that the government wasn't really getting their returns as usual and that warranted them to investigate and finding out what must be happening and I believe they discovered it was Crypto hence their fight and actions against it.

It's not just taxes and benefits that the government didn't receive when crypto first existed that they fought it but what I heard was because of government concerns that crypto would be used for illegal activities.
The government is afraid that bitcoin will be used for money laundering.

         -      Even before Bitcoin, money laundering was happening, even without bitcoin, fiat was also being used for illegal activities. So, for me, the main reason why other governments don't like bitcoin or cryptocurrency is because they don't get any tax from it.

Secondly, its decentralized nature means that no government in the world will ever be able to control it in this era, that's why other countries just adapted it because they also saw an advantage in it to help their economy and an example of this is El Salvador and the country of Bhutan, right?

uyeah because the government does not get tax from crypto transactions that makes the government not allow bitcoin, this is the reason why the government used to oppose it and now the government can get tax from crypto transactions on local exchanges. so it's not a problem anymore.
if money laundering already existed before so it's not only through crypto.

[Cryptsafe]

Obviously, I believe the initial reasons why the government was clamping down on Bitcoin was as a result of the tax and other benefits that they weren't receiving from Crypto and Bitcoin transactions hence their actions and fight against it. As at that time, individuals were bypassing the government institutions and it was obviously clear that the government wasn't really getting their returns as usual and that warranted them to investigate and finding out what must be happening and I believe they discovered it was Crypto hence their fight and actions against it.

It's not just taxes and benefits that the government didn't receive when crypto first existed that they fought it but what I heard was because of government concerns that crypto would be used for illegal activities.
The government is afraid that bitcoin will be used for money laundering.

         -      Even before Bitcoin, money laundering was happening, even without bitcoin, fiat was also being used for illegal activities. So, for me, the main reason why other governments don't like bitcoin or cryptocurrency is because they don't get any tax from it.

Secondly, its decentralized nature means that no government in the world will ever be able to control it in this era, that's why other countries just adapted it because they also saw an advantage in it to help their economy and an example of this is El Salvador and the country of Bhutan, right?

uyeah because the government does not get tax from crypto transactions that makes the government not allow bitcoin, this is the reason why the government used to oppose it and now the government can get tax from crypto transactions on local exchanges. so it's not a problem anymore.
if money laundering already existed before so it's not only through crypto.

I do not see money laundering as an excuse for the government to fight Crypto and Bitcoin but rather the taxes and benefits that they are not getting are just the reasons for their actions.  Laundering has been in existence for a long time before now and it is not a new thing in government but rather the government always looking for means to get more money and Crypto transaction without taking fee and taxes are just their major worries because they are missing out of millions in revenue hence their clampdown on Crypto.