What Impact will Bitcoin have on the world?

[Seun4luv]

Because Bitcoin doesn't depend on any centralized financial institution with stringent rules and regulations to obey, it can provide a more efficient payment system to users from around the world Thanks to block blockchain, transfers are secure, non-reversible, and easily verifiable

 

[Afrinish]

Currently almost all mas media talk about Bitcoin, because the current price is over $ 27k. Bitcoin will greatly affect the world economy and finance, free market ideology, decentralized, do not have to comply with any country's regulations, Bitcoin also beat traditional investments such as gold, stocks and forex. I think Bitcoin has a lot of influence on the world, so What is the Impact of Bitcoin on the World ?

 

[Ehtisham memon]

I think about the bitcoin currency impact on the way of country replacement currency and taking online Bussiness and earning site bitcoin and crypto some of all person use it and investment the currency which running our current currency Bussiness also invest in the bitcoin currency now s online Bussiness is insceresd

 

[giddy]

Digital currencies are likely to give centralbanks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities crack down on money-laundering and terrorist-financing efforts.

 

[palmeras]

it's impact will be huge especially in the future the way it progress nowadays the price just keep on goin'

 

[Justin]

Bitcoins will have positive changes as well as negative changes. The worst negative changes bitcoins will cause is money laundering. The best positive change is it will end banks monopoly

 

[Jomarie05]

Bitcoin making huge impact into crypto world and this year the big upgrade interms of uprasing value of bitcoins do many things with the cryptocurrency to take the attension of others to try to invest in bitcoins.

 

[Chizfab]

No day passes without mentioning Bitcoin in the business world, some years back, most people didn't take it seriously but now, it has become a technical word in the market. So yes, Bitcoin has influence a lot in business and will be a big factor in the nearest future.

 

[Alexandoy]

First off, Bitcoin is a commodity and not a real currency because you cannot use it to buy ordinary items in the ordinary market. Besides, it is not legal tender which means it is not backed up by the government. Another issue is the origin and control of the Bitcoin - that also applies to other crypto currency in the market. Who or what group controls the Bitcoin production? Anyway, the impact would be like having a popular commodity in the market that people will buy and people will sell. I cannot say if it will affect the economy because the amount of Bitcoin in the market is not that substantial.

 

[Gilead]

In my opinion I believe bitcoin is yet to display the kind of influence it going to have in the world market, especially in the case of employment, bitcoin is going to play a great role in The coming future. It's just a matter of time .

 

[Henrywrites]

Currently almost all mas media talk about Bitcoin, because the current price is over $ 27k. Bitcoin will greatly affect the world economy and finance, free market ideology, decentralized, do not have to comply with any country's regulations, Bitcoin also beat traditional investments such as gold, stocks and forex. I think Bitcoin has a lot of influence on the world, so What is the Impact of Bitcoin on the World ?

The price of Bitcoin has surpassed the $30k mark some of the experts predicted in the last quarter of 2020. This is to show you how good Bitcoin is and it has not ended there. I am looking at a situation where the new USA government will adopt Bitcoin as the means of carrying out major business transactions in the future.

 

[ranaabubakar263]

Bitcoin doesn't depend on any centralized financial institution with stringent rules and regulations to obey, it can provide a more efficient payment system to users from around the world. Cryptocurrencies have the potential to enable social and economic growth throughout the world, including in developing countries, by offering easier access to capital and financial services.

Post automatically merged: Jan 25, 2021

Bitcoin doesn't depend on any centralized financial institution with stringent rules and regulations to obey, it can provide a more efficient payment system to users from around the world. Cryptocurrencies have the potential to enable social and economic growth throughout the world, including in developing countries, by offering easier access to capital and financial services.

 

[idhans]

Currently almost all mas media talk about Bitcoin, because the current price is over $ 27k. Bitcoin will greatly affect the world economy and finance, free market ideology, decentralized, do not have to comply with any country's regulations, Bitcoin also beat traditional investments such as gold, stocks and forex. I think Bitcoin has a lot of influence on the world, so What is the Impact of Bitcoin on the World ?

Currently almost all mas media talk about Bitcoin, because the current price is over $ 27k. Bitcoin will greatly affect the world economy and finance, free market ideology, decentralized, do not have to comply with any country's regulations, Bitcoin also beat traditional investments such as gold, stocks and forex. I think Bitcoin has a lot of influence on the world, so What is the Impact of Bitcoin on the World ?

There is no doubt that bitcoin will influence our economy and it is happening already. When you see giant payment companies like PayPal buying bitcoin end other giant industry buying Bitcoin it means something more is about to happen.

 

[Chumzy]

With the visible evidence in the crypto world and based on the change in value. I can categorically say that it only the matter of time before bitcoin crosses a hundred thousand doll's. It will most likely have the same impact and effect as Gold because it will be too valuable to toss around.

 

[eenya00]

The inception of Bitcoin would definitely change how financial transaction is being carried out all over the world in time to come, Bitcoin being decentralized would definitely be more used by travellers around the world because it can be used as exchange in every corner of the world where it has been introduced.

 

[ronaldlorenzo01]

It will be a huge impact because it will be a future transaction. It will be all cashless. We need to support bitcoin because it is very convenient when it comes to transaction although for now bit risky because It's not regulated yet.

 

[Planet408]

I so much appreciate the impact of bitcoin in the world. It's decentralized system which the government has no policy or rules over it. Bitcoin helps in running so many legal transactions which the government can even frustrate one in the course of running the business. But with the help of bitcoin there is great and swift transactions. The world will keep appreciating bitcoin and other crypto coins.

 

[BrolySSJ]

Currently almost all mas media talk about Bitcoin, because the current price is over $ 27k. Bitcoin will greatly affect the world economy and finance, free market ideology, decentralized, do not have to comply with any country's regulations, Bitcoin also beat traditional investments such as gold, stocks and forex. I think Bitcoin has a lot of influence on the world, so What is the Impact of Bitcoin on the World ?

I think that there are too many impacts that Bitcoin will have on the world. The first is that Bitcoin and other cryptocurrencies will allow for easy transactions to happen between different countries which may help in developing their relationships. Therefore, having a relationship between countries and being able to transact between them pretty easily will be great for global economic development. Another way that I think that would coin will benefit the world is that it will help countries in developing their own economies as well independent of other countries. Bitcoin gives them the chance to also earn and true earning on cryptocurrencies they can then enhance their respective countries.

 

[Blue house]

Low Transaction Fees for International Payments

Standard wire moves and unfamiliar buys commonly include expenses and trade costs. Since bitcoin exchanges have no go between establishments or government association, the expenses of executing are kept low. This can be a significant favorable position for explorers.

 

[Dowenship]

Everything in this life as it time even we humans we will always have our shinning time. Bitcoin is very popular prrsently all over the wotld except some rural areas where even the gospel as not reached. But the moment its use as a medium of transaction we will dive into something else.