Post
Topic
Board Altcoin Discussion
Re: will there be a miracle of bitcoin to shift conventional currencies
by
Nivia1st
on 25/08/2021, 11:23:53 UTC
Bitcoin is touted as a new miracle in this century, it has become an alternative to complement the needs of financial transactions at the global level now, Bitcoin can then be said to have succeeded in establishing itself as a universal currency, because we can say that Bitcoin is very qualified as a money because it is durable, rare, shareable, and recognizable, Bitcoin became the currency of the virtual world on its way Bitcoin (BTC) transactions exploded and shocked. The product is selling well and becoming a prestige of individual wealth in the international world, however, many are pessimistic that Bitcoin will be able to shift conventional currencies both at the local and global level, will there be a miracle of bitcoin to shift conventional currencies

there will never be such a miracle. every country doesn't want its currency to be replaced by bitcoin, so it's unlikely that will happen. for bitcoin users it is the best transaction tool, but for the government bitcoin is a barrier to the financial system. so as much as possible the government will limit the movement of bitcoin and altcoins. we take the example of china, their government makes a ban on activities related to crypto, especially bitcoin. and all of it aims to protect their currency.