Post
Topic
Board Economics
Re: What would happen if Bitcoin became a legal currency?
by
hangar18
on 04/03/2018, 22:31:01 UTC
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
It will be in favor for Bitcoin because in  the frist place that's te goal of Bitcoin as a cryptocurrency which is to be used as a currency. But I think things won't be the same because There are chances that its market price will be higher because it will be more indemand and the market cap of Bitcoin is just limited. No one still knows what will happen if it ever it will be legal to most of the countries so lets just see it for ourselves in the future.
In my opinion Bitcoin is legal or illegal is not important. Check again the history growth of Bitcoin, it was banned in India but currently, this country is of one the countries supported cryptocurrency better than other large country like U.S. The fact, the investor still invest more money into Bitcoin even it is illegal. As long as Bitcoin can gives them many profits, they still investing into this currency.