Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin ever be use as other country currency
by
uneng
on 24/01/2021, 20:32:35 UTC
Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?
I think there isn't any country willing to take the risk of adopting bitcoin as national currency. The economy would be very volatile and unstable. I doubt a country could afford losing 30%-50% of its currency price in just one day, even the smallest ones. Every country needs a stable currency to keep the economy and citizens lives smooth.
Maybe bitcoin can be useful in crisis times for some countries, but not sustainable on long run from a collective perspective.