Quote from: Menawi12 on July 26, 2019, 09:54:00 AM

Quote from: Yourhomeboy on May 16, 2019, 07:25:57 AM

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

Many countries have begun to recognize bitcoin as a digital asset. Bitcoin is difficult to be recognized by the government as a currency because the government certainly does not want the dominance of its currency to be disturbed by bitcoin. I think, recognition as a digital asset is good for bitcoin because it will give investors confidence

Each country may have different policies related to the currency used as a payment method. Like here, in my place, there is no other currency that can be used as a payment tool except the local currency. Even the mighty USD cannot be used as a payment tool here, let alone bitcoin. So, treating bitcoin as an asset is already the better option for now.