I’ve heard mixed thoughts on if each country eventually created their own cryptocurrency, would Bitcoin still be number 1 or would it fizzle out. Some say it would legitimize Bitcoin even more, others say it would make Bitcoin obsolete.
What are your thoughts?
I heard that Russia, Venezuela and Dubai are running their own cryptocurrencies, its utility is lower than bitcoin though.
Even if their cryptocurrencies boom, Bitcoin will remain the number 1 spot because of its worldwide utility unlike their cryptocurrencies.
Bitcoin is really the future currency.