Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin was legal tender in your country would you actually spend it
by
Cullly
on 26/06/2021, 09:00:22 UTC
You must imagine it as if you are not in a first world country. When I visit Indonesia, Kenya, and Tanzania, the tour guide and the hotel charge Euros or U.S. dollars. It seems obvious to think of Bitcoin as an alternative to transactions.

Then look at Iran, Libya, and Turkey. The central banks of these countries have all failed. These collapsed currencies were part of the reason for the rise in gold prices a few years ago. Bitcoin will replace these failures.

Finally, imagine having a currency that depreciates 5% a year, such as the U.S. dollar. In the final analysis, people simply don't want to accept it, especially in international transactions. Therefore, they can use Bitcoin.