Post
Topic
Board Economics
Re: BTC as a national currency?
by
d1ceplayer
on 11/10/2017, 09:35:08 UTC
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

There's no chance btc can become a national currency. Why? It's because first of all, there are the banks who would protest and of course the government will definitely won't allow it. The threat of money laundering is always present with btc and that will always be the case that the govt will reason out. And besides they have no power over btc. They cannot control it and iy can also be used by politicians who don't wish to share their net worth most especially if they are involved in illegal transactions.
But there is any chance, example like after any kind of hardfork, it's become crypto currency that belong to some only in one nation. That could be happen any chance? And if it happen what things will happen besides?
That may be possible in next five to six years and the countries who are been predicted to do so are japan and Singapore, because at the present moment these two countries are making more profit from bitcoin as compare to any other region of the world and anyone who will declare bitcoin as national currency will lead the world due to its economy factor and everyone wants to enter bitcoin country.