Bitcoin Adoption Grows Despite Looming Privacy Battles with Governments
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Bitcoin's market capitalization and liquidity continue growing over multi-year timeframes, indicating increasing adoption and appeal as a store of value. However, privacy battles with governments lie ahead.
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The number of bitcoin conversion points - places to directly spend bitcoin or convert it to local currency - is increasing globally, especially with the growth of regional bitcoin hubs.
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Bitcoin's network security has been excellent, with uptime over 99.99% since 2013 and decreasing bugs over time. Decentralization is generally good but could improve around mining pools and production.
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User experience with wallets and applications has improved drastically over the years but still has significant room for advancement through further development.
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While a few countries have banned interactions between banks and crypto, global regulation is generally moving toward acceptance. However privacy-preserving technologies may face resistance.