> Bitcoin... is not going anywhere. Exactly. Bitcoin needs only to survive to gain long-term credibility in the public's mind. I've been long since 2011. He

> Bitcoin... is not going anywhere. Exactly. Bitcoin needs only to survive to gain long-term credibility in the public's mind. I've been long since 2011. Here's what I wrote back then: "If Bitcoin passes the harsh tests of crisis again and again, it will slowly gain credibility in the public’s mind, both as medium of exchange and store of value. Over a period of many years or even decades, as the world gradually learns via trial-and-error how to use Bitcoin, becomes familiar with its properties, and ultimately comes to trust it, nothing can prevent it from gaining as much credibility as, say, gold. The world’s existing legal and regulatory regimes may not welcome Bitcoin at first – few governments are likely to take kindly to the emergence of a decentralized, anonymous, global currency beyond their control. Sooner or later, however, governments will adapt to the changing circumstances, as they always do. I would expect governmental acceptance of Bitcoin to occur initially in less developed countries, as many of them are already used to having their fortunes tied to a global currency beyond their control: the US dollar. If I am right, in the long run, as man-made crises of all kinds erupt all over the planet from time to time, global adoption of Bitcoin should gradually expand from niche markets to the broader population. Ultimately, global adoption for Bitcoin should be enormous."[0] [0] https://cs702.wordpress.com/2011/05/29/on-the-potential-adoption-and-price-appreciation-of-bitcoin-in-the-long-run/ https://cs702.wordpress.com/2011/05/29/on-the-potential-adop...