I am with you here. Govs can try to regulate crypto all they want, but BTC would remain the digital gold that's available to experience and invest in for everybody, as well as to learn about it and crypto in general. You can do many things related to BTC, and all of them are up for you to take.

Everything will come if someone already knows and understands its potential in the future. The most basic thing is that we first understand how to work in investment. For the growth opportunities of the digital financial industry today, if we pay attention to the process, it will be long-term and indeed BTC is currently very idolized, because there are many interesting things in BTC even though its movements are seen as very volatile.

For me, that's normal.. The government will come and continue to monitor the development of the growth of this digital industry, especially in their country there are already many registered exchanges with various issues and problems that may arise in the future and want to create a safe and orderly ecosystem according to their views.

El Salvador is a first nation makes Bitcoin Legal Tender and practically they have been doing it seriously since June 9th 2021. El Salvador's law: a meaningful test for Bitcoin is a report from PwC.

There is another country make it after El Salvador, Central Africa Republic about one year later but 3 years after El Salvador, they are the only nation follows this law of Bitcoin Legal Tender at national scale.
https://coinmarketcap.com/legal-tender-countries/

We have to guess what are barriers that make other hundred of other countries have yet adopted Bitcoin as Legal tender in 2024.

Simply put - they don't see as many possibilities as those listed in your post. These countries would use every opportunity presented to them in order to make their situation more stable and better. Others would like to regulate crypto to the brim, in general.

Its all ok what you have said. I think we have passed many years long and bitcoin has exist its place and value. The popularity become increased day by day. Though in these government of many countries has tried to put it down and makes many restrictions and regulations. Could it help them to control the market and even the price of btc. Nothing helps them. We all know that its a currency which are using worldwide with its value. No one can stop it and control btc and its value. El Salvador has made legality and shows the world how to accept the smart technology and go ahead from back dated world and countries. I hope we have a great future with btc.

I agree that these little countries had a lot to gain and little to lose by implementing Bitcoin as legal tender, and I has always had the same concerns you've shown; but with the last news about the projected Bitcoin reserve in the USA and a potentially more liberal policy if Trumps comes to power again, chances are that we witness a change of paradigm sooner than we think.

I don't want to sound visionary or populistic, but that's a possibility as the point we are reaching has never been seen before.

What more wrath would bitcoin face worse than what it has faced so far and was still able to cross the hurdles and achieved this milestone now. You should know that bitcoin does not rely on any government intervention before it can make its due move along the path it has been trending, so we should focus our energy more on something else that will be productive too.


I don’t know why you’re so bothered that bitcoin will take a very long time before it is generally accepted all around the world. This is not something to be bothering you because with or without the government, the achievement of bitcoin it has made from inception cannot be underestimated and needs to be respected. We don’t care if we already grew white beards by then, the good thing is that it because acceptable in the end.

Not all governments see bitcoin as a threat to fiat, that's why they accept it as an investment asset and they also understand that banning bitcoin altogether will not give much better results because it speaks of the freedom that bitcoin has and can be invested individually without involving others. They also cannot regulate bitcoin and vice versa the exchanges they regulate are based on the regulations that are in place in the process of travel.

I dare not guarantee that when most governments accept bitcoin as a legal tender, bitcoin will still be speculative as it is now and maybe the price will not fluctuate either. From the many advantages that bitcoin has because it cannot be regulated like fiat currency, the journey of this asset is quite fluctuating along the way and this makes it one of the assets that is quite potential in the future.

We can see opponents in spreading positive issues about bitcoin and does it work? because any effort made without being able to be controlled will be difficult to reach the stage of decline for the asset, unlike when they control it, they may also easily destroy it.

I agree with you  ,  it can be a payment method but saying it is the best option to be an alternative payment method is not necessarily true. If I had to choose 1 cryptocurrency as a payment method,  I would not choose Bitcoin because the transaction fees are unstable and the network speed is quite slow. There are better options when it comes to payment methods.


But I disagree when you say that bitcoin has built a reputation and become the most trusted store of value. When it comes to a store of value, we need to make sure that it is stable, increases in value over time, and is not too volatile .  Bitcoin is not suitable as a store of value because it is too volatile , and volatility is only suitable for investment.

If it really proves to be a good store of value then it could be called digital gold as gold is still the best inflation hedge or store of wealth to date.

They can not ban Bitcoin with a decentralized network and with private keys, Bitcoin users have control of their coins. Governments have no way to touch bitcoins owned by their citizens in non custodial wallets.

Do they want citizens to be rich?
I guess most governments want it, because with richer citizens, governments can tax more and earn more.

You can invade tax with Bitcoin until governments do more stricter regulations on tax policy. They will not let citizens to do money laundering, tax invasion through Bitcoin blockchain. Because governments want to milk money from citizens, and they will create laws and regulations for doing this effectively.

Citizens will want to do tax invasion but most of them will not succeed. I think obeying tax policy is good, because you can live a life without stress. If you are rich, I see no good reason to try tax invasion and live with stress and fear day by day.