Country Adoption Method Bitcoin – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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The exciting thing about predicting a Bitcoin future is there is very little direct history to draw on. Everything is new, unpredictable, terrifying, and full of opportunity. Until El Salvador, there were no data points, but perhaps this provides insight into the next country-sized domino to fall.

What internal or external catalysts might be necessary for a country to adopt Bitcoin?

Desperation?

Legacy?

Political turmoil?

Currency collapse?

Opportunity?

First-mover advantage?

Wealth appreciation?

These motivations are spread unevenly amongst the population and government officials. All of these are powerful motivators and perhaps the data to follow can provide insight into the motivations that might spark the next seismic shift in the monetary landscape.

Prior to the data, let’s examine potential adoption styles. The first style is top-down adoption from the government, providing laws to guide the country towards Bitcoin adoption with potentially only modest population support. Hybrid adoption being a moderate population with growing momentum adoption incentivizing the government to begin Bitcoin laws. Finally, bottom-up adoption led by an overwhelming adoption from the population all but forcing the government to fight and to eventually comply. Countries adopting Bitcoin will give their reasons, trends will eventually emerge, and history will show which metrics meant the most.



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