What Impact will Bitcoin have on the world?

[kayode10]

Bitcoin as impact the world in a positive ways. It makes investments of cryptocurrency easy for everyone. Bitcoin also enhances the transaction across the borders. Bitcoin has also made a lot of people multimillionaires. With the way things are going now, bitcoin my letter b the world currency in the nearest future.

 

[Oliver 20]

Bitcoin decentralized cash. There is no Bitcoin building like there is a central bank building. Bitcoin doesn't have workers or guidelines by the public authority. It is a blockchain gadget controlled and kept up, just as valuated by the general population. It is accessible to anybody whenever and can be shipped off anybody whenever. It is a result of the world's PC, not of any government.

 

[Asad Ali]

Bitcoin has made a name for itself around the world as it is currently the only currency against which no other currency has been able to compete.Bitcoin is currently trading at 33,000 USD due to its high value.With the popularity of Bitcoin, transactions will begin internationally. Bitcoin transactions will begin and it will be easier to transfer large sums of money.Only those who bought Bitcoin in 2011 can tell the impact because they now own billions.

 

[Akinwale701]

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 ?

It makes online transactions more seamless and easier than before. with bitcoin you can pay for transactions without any stress.also,it helps people to be able to communicate transfer of funds from one country to another. Payment or funds transfer restrictions between countries have been removed via the introduction of bitcoin.

 

[Erik4150]

the only impact i see is that people won't have to do extra work to earn money, as they can only invest on it and hope the price gets higher, that would reduce the hours of work they have to do to generate an income

I think bitcoin is more than just another opportunity for investment. Bitcoin has changed the financial sector by being a much needed alternative to fiat currency. A digital currency with zero control from any financial institution.

 

[Emma Aneni]

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.

 

[Rashid]

If we talk about BTC we will have to discuss it's rising price and value per Token. It has high volatility in it's price UP's and down's. You can imagine in one month it's price increased by 25% to 30% or even more. But now it decreased bit but anyways this unpredictability attracts and fetches investors to invest in it. If world recognize BTC or cypto currency at uper lever there will mo more crisis.

 

[singlej007]

Bitcoin already has great impact on the world economy, people are moving their money from their varoiuse local bank and moving them to the crypto world, making the traditional local bank to have less fund and less traffic. Before are believing more in cryptocurrency than the local banks, it is shifting the financial wieght from physical to virtual.

 

[Abbas ali]

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 Bitcoin's blockchain, transfers are secure, non-reversible, and easily verifiable.

 

[Sarfraz Ali123]

Contrarily, bitcoin prices are influenced by the following factors: The supply of bitcoin and market demand for it. The cost of producing a bitcoin through the mining process. The rewards issued to bitcoin miners for verifying transactions to the blockchain.

 

[Setfragil]

Bitcoin will definitely have a good impact on the world economy as it will help facilitate the payments of goods and services globally. Making payments for goods online will be more faster and easier as exchange barriers differences will be lifted.

 

[FreshKaz11]

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 ?

To me the use of Bitcoin as been the best to all humanity in this present, be all because it makes doing transaction online save and it keep every privacy of all is investor away from each other which is cool by me I guess.

 

[Sotherefore]

it's most likely to affect the economy of every country if a lot of people are withdrawing their money from the bank and I invest in this money in cryptocurrency like bitcoins, I don't see any other effects about from this.

 

[Sincerem]

If crypto is given a chance and not BTC alone, but Cryptocurrency in general. I see it playing a major role, to seeing the world having a generalized currency for transactions.

 

[Josemendez]

Until the world come to accept bitcoin as a legal form of payment , bitcoin will not have much effect on the world. The investors may want to make it rule the world but the government have the final say

 

[Nomad]

Bitcoin became possible after the development of blockchain technology. Therefore, the biggest contribution of bitcoin to the world is the blockchain technology.

 

[tyrim88]

One important thing the advent and introduction of bitcoin has brought into the global financial sector and e-commerce world is tha it has made transactions to be done in an easy and faster means.Too much bottleneck as a result of financial institution procedures o foreign exchange has been greatly curtailed.

Post automatically merged: Aug 15, 2021

One important thing the advent and introduction of bitcoin has brought into the global financial sector and e-commerce world is tha it has made transactions to be done in an easy and faster means.Too much bottleneck as a result of financial institution procedures o foreign exchange has been greatly curtailed.

Post automatically merged: Aug 15, 2021

One important thing the advent and introduction of bitcoin has brought into the global financial sector and e-commerce world is tha it has made transactions to be done in an easy and faster means.Too much bottleneck as a result of financial institution procedures o foreign exchange has been greatly curtailed.

 

[Elfinito]

Crypto currency as a whole hopes to bring a new system of transaction to the world at large.
Bitcoin has become one of the leading currency in this race, and it would certainly change everything in the transaction system

 

[Aaron625]

Quicker and reliable transactions are provided by cryptocurrencies which has already attracted lots of companies to start accepting bitcoin as their payment method , which is observed in top tier countries like U.S where bitcoin ATMs are present in some of the shopping malls.

 

[ahmedo24]

If every form of criminality in cryptocurrency can be eliminated or minimise the transactions are more effective, transparent, convenient and very fast. I'm also sure that in future bitcoin transaction fee will be much lower.