Quote from: Robinson66 on August 03, 2021, 01:32:07 AM

Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?

The value of Bitcoin is not going to decrease when it is more popular. Being more popular means that the value will increase as well, because a lot of people by then will invest more money in it. And I also believe that when Bitcoin becomes more popular and is being used for day-to-day transactions by people, it might become less volatile than it is now.

The other thing I would like to say is that it is not a must that a country will declare Bitcoin a legal tender, they can just make it legal and people will be free to make use of it and that's all, it doesn't have to be a legal tender before people make use of it. So far it is only El Salvador that has declared Bitcoin a legal tender , apart from them there is no other country, but that doesn’t mean that there are no other places that it can be used.