I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?
Any thoughts or opinions about this?
It is already a global currency because anyone can freely use it but the real problem is the issue about the legality in countries and this is the reason why bitcoin is being prevented from reaching its mass adoption and be used as a medium of payment or as a currency. But I understand why some countries dont want it as a currency it is because of the volatility of it and it is hard to use a currency that is not stable. And I think it will never be stable because it is being traded and people are just into it because of the profit that they can get from investing in bitcoin.
I do not fully believe the slant news about bitcoin, because some of the outstanding news is made by people who do not like bitcoin and people who are frustrated because prices are falling too long.
bitcoin is a global currency that can be accepted by everyone, only in some bitcoin countries has not been legalized.