• Satoshi's vision is realized. Bitcoin has become famous all over the world.

    Bitcoin was created in an attempt to obtain a new world currency, which would save people from financial intermediaries and allow the transfer of transaction processing to a completely decentralized peer-to-peer network. This helped get the banks off the needles and gain more power in front of governments. Matt Aalborg, an expert data analyst, tried to answer questions about whether the coin was able to consolidate itself in the global sense of the word.

    He published a scientific article on Medium. It says that Bitcoin constantly faces obstacles throughout its history. However, even with such a scenario, he was able to justify his existence and even seemed to work in accordance with Satoshi’s plans. According to Ambcrypto, the analyst argues his words with trade volume statistics on LocalBitcoins.com. According to his research, and although Europe and North America were the first to adopt cryptocurrency, Asia and Latin America are gradually overshadowing the countries of the first world in terms of daily trading volumes.

    Aalborg used a new metric to quantify and analyze the degree of acceptance of Bitcoin around the world. “Use for one [online] economic man” or UP [O] EP was developed by him to correct the difference in the value of fiat currency in relation to the dollar in different parts of the world. Thanks to the combination of these data and the world animated Alborg study diagram, interesting conclusions can be drawn confirming the Bitcoin success hypothesis.

    Evidence suggests that UP [O] EP levels have steadily increased in countries with low levels of economic freedom, where unpopular financial and monetary restrictions are imposed. For example, in China and Venezuela, bans unwittingly became a catalyst for the adoption of cryptocurrencies. In addition to this metric, the adoption of cryptocurrency is also positively affected by a high level of technical literacy, availability of the Internet, smartphones, and so on.

    At the same time, there are countries like Turkey and India, where there are quite fair conditions for accepting cryptocurrencies, but this does not happen. According to Aalborg’s study, this is due to many factors, including local laws, customs, culture, and ingrained habits.

    We also managed to find out that although in developed countries the use and adoption of cryptocurrency in some sense has stalled, they [cryptocurrency] are rapidly gaining popularity in third world countries.
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