Is Bitcoin the future of world's economy?

[Imran Noori]

Bitcoin was the first crypto ever and it is completely different than other cryptos and people trust Bitcoin much more than other coins, that is why it has a higher market cap and demand.

Many big companies like Microstrategy, some countries like El Salvador and celebrities like Elon Musk invested in Bitcoin, many investors think that Bitcoin could change the world's economic order and will replace fiat.

I think that Bitcoin has that potential to change everything and become an accepted currency in the world because it is decentralized and controlled by no one, that is why everyone is interested in it.

What do you think about it? Will Bitcoin change world's economic order?

 

[riberet19]

Well certainly bitcoin was a before and after creating a totally decentralized and functional currency from scratch only supported by the confidence of its investors and also its developers, but there is always the counterpart, with the arrival of CBDC this is in question since they can probably induce people to use them and forget about Bitcoin leaving bitcoin as an item only for fans and others.

So It can remain only as a escape route or an alternative to fiat currencies or CBDC, although it is true that bitcoin and cryptocurrencies have much to develop and much to adopt so it is early to affirm or deny this.

 

[Mia1]

It's worth noting that while Bitcoin has paved the way for the development of other cryptocurrencies.While Bitcoin has indeed garnered significant attention,trust, and investment from various quarters, including big companies and notable individuals, its potential to completely change the global economic landscape is still uncertain.

 

[ImamShaheb]

Well certainly bitcoin was a before and after creating a totally decentralized and functional currency from scratch only supported by the confidence of its investors and also its developers, but there is always the counterpart, with the arrival of CBDC this is in question since they can probably induce people to use them and forget about Bitcoin leaving bitcoin as an item only for fans and others.

So It can remain only as a escape route or an alternative to fiat currencies or CBDC, although it is true that bitcoin and cryptocurrencies have much to develop and much to adopt so it is early to affirm or deny this.

It is important to note that CBDCs are still in their early stages of development, and it is unclear how they will be implemented and adopted. It is also possible that CBDCs and cryptocurrencies like Bitcoin could coexist peacefully. For example, CBDCs could be used for everyday transactions, while Bitcoin could be used for more specialized purposes, such as storing value or making international payments.
Only time will tell what the future holds for Bitcoin and CBDCs. However, exchanges like,Bitget/Coinbase are committed to providing traders with the tools and resources they need to succeed, regardless of the market conditions & they're still supporting their users in this Bear market. Let's support them to overcome the situation since SEC isn't being nice with crypto!

 

[BashirJasper]

It is important to note that CBDCs are still in their early stages of development, and it is unclear how they will be implemented and adopted. It is also possible that CBDCs and cryptocurrencies like Bitcoin could coexist peacefully. For example, CBDCs could be used for everyday transactions, while Bitcoin could be used for more specialized purposes, such as storing value or making international payments.
Only time will tell what the future holds for Bitcoin and CBDCs. However, exchanges like,Bitget/Coinbase are committed to providing traders with the tools and resources they need to succeed, regardless of the market conditions & they're still supporting their users in this Bear market. Let's support them to overcome the situation since SEC isn't being nice with crypto!

I agree with you here about the prospect of CBDC compared to BTC. Let's not forget that whereas CBDC might not be a global phenomenon, BTC is and the level of investors attention the BTC spot ETF potential listing is attracting now, you would agree that BTC might just be the currency and financial tool that will become universally recognized and accepted. Only time will tell though.
And oh, lest I forget, kudos too to these exchanges for promoting the confidence of crypto investors with their ever innovative products.

 

[CryptoEnthusiast]

We'll see what the future hods for us!

 

[btaliat]

Bitcoin is gradually becoming a household name and it seems everybody is now falling in love with this cryptocurrency, hence it may not come as a surprise if it turns to be the only currency of the future economy.

There are many participants of Bitcoin and that is not all, there are many people that want to learn more about Bitcoin. Bitcoin has been given people money in different ways. There are different people that are trading with it. Others are investing while majority are staking in Bitcoin.

There are some countries that have adopted the coins as their legal tender.