The adoption has started globally and many countries are planning to regulate it in one way or the other to avoid the bad actors in it. Many celebs in different nations are promoting specifically Bitcoin for spreading the awareness.
This is just the beginning. If this trend continues we may see Bitcoin hitting a 10,000 mark this year itself. Hope for the best and invest wisely...
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Hey Mystic,
The decentralised and private nature of bitcoin makes regulation tough. Nation states can't just click their fingers and apply rules for fiat currency that they control, directly to a decentralised, global currency like Bitcoin.
They can make it illegal at a national level, but once again, in a global environment like we live in, this simply doesn't work.
Bitcoin is here to stay and countries need to get on board and ride the wave of momentum, not fight against it.
I've given you a follow. Cheers mate.
I hear you. I do agree on what you are saying but most of the European and Asian countries are planning to have some kind of reforms on how to encourage cryptos. Of course there is no more FUD about Bitcoin's acceptance anymore as it has passed that phase. But most of these countries are planning to regulate it and track it under the nation's Security and Exchange body. It would be really interesting to see what kind of measures they put in to so called regulate it and how it's gonna work?
Thanks for following @forexbrokr. I am doing the same. Cheers!!!