Post
Topic
Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
bncbnc
on 09/08/2018, 11:21:02 UTC
for now it seems that the government has not given too much support in cryptocurrency. Only a few countries have supported the development of cryptocurrency. If all governments in various countries have supported the development of cryptocurrency, then it will trigger cryptocurrency prices.
I think that it is still very early. Although some countries have make bitcoin a legal currency for their people, but still most of the countries may be thinking about it, they will study all the good and bad aspects of bitcoin and may after that they will take some decision. I am hopeful that just like Japan they will also make bitcoin a legal currency.