I'm currently receiving some of my income in BTC, and I'm just holding it because I expect it will go up long term and so it is my savings.
But sometimes I'd like to be able to turn it into fiat for daily expenses. I can't yet pay my rent or buy my groceries with BTC (hopefully one day! but not today and not in the near future).
With banks in some countries blocking transactions from known exchanges is there a worry that one day it will become impractical to turn the BTC into fiat? Either just very hard to do, maybe street-corner-deals or at risk of getting your bank accounts frozen?
Do people think about this and have plans to work around these kinds of banking barriers? Or are there ways around it already but I'm not aware?
you can spend btc directly without having the need converting it into fiat .
you get your income in btc and maybe you missed having a fiat in your hands ? if that is , well you are allowed to convert some of your btc into fiat for spending if you like it better .
some banks are strict with btc but in the future the restrictions can lessen . theres no need for you to be afraid in the future of btc