If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?
Bitcoin is highly volatile crypto currency and thus valuation tends to flactuate and varies according to market demand and supply and we all know that bitcoin has made tremendous progress in this passed decade and has always increase its valuation each year and that is why from having millions of haters, now there are millions of people around the world who are investing into bitcoin but in this year the valuation of bitcoin has deflated to a very low extent but there is nothing to worry about as there are assumptions that the valuation will inflate in coming months of this year.