Making Bitcoin a legal tender means when a person goes to purchase a commodity, instead of paying with dollar or whatever currency is being used, they pay with BTC.
Given the unstable nature of cryptocurrencies, and the untraceable nature, would you suggest it wise for countries to adopt Bitcoin as a legal tender?
Recently, El Salvador and Central African Republic announced that they have adopted Bitcoin as a legal tender.
El Salvador has legalized Bitcoin through legal tender in its country. He did a great job. Now more or less every country is using Bitcoin but the government is not getting any revenue from it.If Bitcoin is valid and legal tender in every country, the profits from this will accrue to the government revenue and the government funds will be much higher.The system that happened in El Salvador. If Bitcoin is valid, the number of unemployment in that country will also decrease.