Post
Topic
Board Economics
Re: Whats the ranking of bitcoin in terms of currency
by
ufaiz50
on 13/08/2018, 06:01:42 UTC
Is it like #1 since it costs like ~$4000 for 1
I agree with you because the price is high, but if you look at it from another perspective, in my opinion it's not # 1. Bitcoin does not have the addition of supply, so the more it uses, the higher the price, different from FIAT where the government can print their currency and the value is adjusted to economic growth in the country, this is what I think is superior than bitcoin. Bitcoin with a high value I see the transaction fee is also very expensive. And if seen again that although bitcoin is used in various countries but the fact that bitcoin is not a legitimate payment tool is another thing to consider for # 1.