Which country will lead the Bitcoin revolution in the future?

Although technology knows no borders, its future value varies from country to country. For example, in the case of Bitcoin, the most perfect scenario we hope to see is that despite huge political and economic differences, companies from all over the world recognize that Bitcoin plays an important role in reshaping the new payment revolution.

As we can see, Bitcoin has gained rapid development in emerging economies. On the one hand, we see that Chinese Bitcoin miners create a large number of Bitcoins every day; on the other hand, many state governments in the United States are trying to formulate fair and reasonable Bitcoin regulations. In distant countries such as Australia, Europe, Africa and South America - digital currencies including Bitcoin have been approved to enter the existing economic infrastructure.

On the other hand, we have also seen conservative countries like Russia explicitly ban Bitcoin, which will only increase illegal Bitcoin activities. The IT giant kingdom of India also seems to be waiting to see whether to incorporate Bitcoin payments into the existing payment system. At this time, only Vietnam and Ireland have openly announced a ban on Bitcoin.

The United States is a leader in Bitcoin

A recent CoinDesk study shows that the United States is the best choice for Bitcoin startups to raise funds. In the past two months, most financings took place in the United States and Canada. The report said: "North America has 10 successful financings, while Asia has only 4 and Europe has only 2."

The same report also noted that funding for Bitcoin startups nearly tripled in 2014.

Recently, the Bitcoin Investment Trust became the first publicly traded hedge fund in the United States that is based entirely on Bitcoin. This will set off a Bitcoin revolution on Wall Street, which will prove that it will become a certain asset class. The next step we will see is that Bitcoin will be more widely used and the value of Bitcoin will increase accordingly.

The future belongs to emerging economies

The United States seems to be accelerating ahead of other countries in the field of Bitcoin. The expansion of cryptocurrency adoption may occur in emerging economies. Recently, we analyzed the remittance sector in underdeveloped African countries and how Bitcoin can help change the core of the sector.

Likewise, one could assume that populous countries like China and India, where national currencies are also considered severely undervalued, could at least accept Bitcoin in remittance services. This could bring the Bitcoin revolution to a new stage.

Xapo CEO Wences Casares was quoted as saying before: "Growing up in Argentina, I saw the economy go through 12,000% inflation. I believe that digital currencies like Bitcoin can solve the incoherence of the world economy."

In fact, the success of Bitcoin cannot be separated from any one country. After all, Bitcoin is a currency for all of us, which can sweep away many invisible economic barriers.