I don't really trust it as I used to. Because a lot of currency is already gov owned. However, I do still trust the community and its waves. I hope lots of good things come out of it.

I understand your concerns about government-owned currencies and the trust in Bitcoin fluctuating. The community's resilience and innovation are indeed promising. It's exciting to see how Bitcoin and blockchain technology are shaping the future of money. Let's stay optimistic and keep an eye on the positive developments within the crypto community.

The impact of Bitcoin on a long term effect on your financial economy is for you to have control over your assets, determine which and how to engage it use, remain being decentralized from the effects of government or any other centralized financial institutions, which we talked about having privacy, and at the end, when you hold your asset with you in your personal wallet, you have the right to gain a future profitability from it, instead of holding your asset in fiat and being affected by loss of value over time as a result of inflation.

53k. It's going down. Oh. In EURO.

when you are talking of Bitcoin you are talking of a digital currency and we all know quite well that there is different between someone who is banking with bitcoin and someone who is banking with Fiat currency so from my own understanding I believe that bitcoin is more safe than someone who is investing with a Fiat currency because Bitcoin how a decentralized method in which a fiat currency have a centralize method to operate

Speculate no further because this post might just end up in the speculation board and the point you try to emphasize might be become very skewed.
Bitcoin and cryptocurrencies is the future of money no doubt, and the countries that have chosen to adopt it are actually in more control over their macro economy and the future of their trading currency.
It makes sense that a world Bank country like Switzerland, that is Lugano in particular, could adopt cryptocurrency just like El Salvador and use it to facilitate growth and prosperity in their country.
I can't talk about the control that comes in form of government regulations, but one thing is certain and that is that, cryptocurrency will get accepted eventually and would b recognized as a global payment option for transactions across borders.

More BTC will be in circulation, more Alts will be in circulation, and more money will be in circulation as well. Thus more USD and other fiats will be printed. And the banking system will be making a lot of money as well. Because countries are now accepting BTC and relevant products and imposing huge taxes and fines on crypto users and crypto bad actors respectively. And in this, banks and governments will make a good amount of profit. Overall, banks will only make money while the user will withdraw or deposit fiat to crypto and crypto to fiat.

When banks will make money and when governments will make money then at individual levels of countries a single country's economy will nourish and grow and then one by one countries accepting BTC will increase its adoption and more money will be printed and more money banks and governments will make. Banks will stay there and BTC will not take the place of Banks. As they are highly dependent of each other at the moment.

Bitcoin is the future of money.

We are seeing how currencies would be in a few years time. Of course we’d have to develop it more and there’s a bunch of regulations to go through but I really believe that bitcoin could be someday adapted by many if not everyone.

The blockchain technology will definitely contribute to the banking system and might be incorporated into it. Central banks would have to find their balance between centralized and decentralized.

As per global economy, I am sure that an individual’s economic status can be improved through bitcoin.

It will depend on whether the us dollar can maintain or improve their position. Many are trying to make dollar fall in act of dedollarization and other nations are very well intentioned to do this. So if their currency falls, it might not be the global currency anymore.

This is already happening. Many people are already cashless but it does not pertain to credit cards or such.
What do you mean meme? Bitcoin is far from being a meme investment.

What does it mean to be a "global currency" though? I am talking of its use purely as a measurement device in order to figure out how much money to charge for things, or how much money you "have". Inflation of the USD wouldn't change this. The USD has inflated probably 3x in my lifetime, but I still know what I should personally pay my gardener per hour. I wouldn't know how much Bitcoin unless... I converted the value to USD.

To me, USD is akin to.. the English language as a standard "common tongue" means of communicating.

This is already happening. Many people are already cashless but it does not pertain to credit cards or such.
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I'm pretty much cashless these days, but I wish I didn't have to use my CCs or PayPal for any purchase under say $100. Right now it's ludicrous that buying something from a vending machine requires an exchange or personal information--and I don't even dare trust the average content charge e.g. for a news story. All of that stuff really needs digital currency that can operate without identity just like cash. No digital currency has crossed over into the mainstream yet (although some of us are working on that ).


I mean an investment people make purely based on the name and how it makes them feel. For most people who invest in Bitcoin, the investment is in the name, "Bitcoin". They don't know what "decentralized" means, and their investment is actually just an entry in some central database at a broker. They are buying the word, "Bitcoin" because they think the word, "Bitcoin" will be worth more in the future.

Bitcoin's actual utility is extremely narrow since it isn't even a very good means of clandestine value transfer because of chain analysis. And it's absolutely unthinkable as a mainstream means of transacting. Most will pay more for Bitcoin than they do for Ether for the same reason they pay more for the same exact shirt with a Gucci logo on it versus a Nike logo versus Fruit of the Loom.