Post
Topic
Board Bitcoin Discussion
Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method.
by
Abiky
on 08/12/2022, 00:51:21 UTC
Slowly and surely more countries will accept bitcoin and one day we may see bitcoin as a global payment method around the world.

We may see new countries becoming the economic leader in the future who will adopt bitcoin early while the giant nations of today whose governments are resistant to accepting bitcoin or trying to ban bitcoin may remain behind financially and economically.

Of course. But even if all of the world's countries adopt Bitcoin as payment method, that doesn't mean Fiat will disappear from the face of the Earth. That's because governments won't surrender their control over the way we use money anytime soon. If Bitcoin becomes adopted worldwide, it will live alongside Fiat for years to come. I'm fine with that as long as people have an escape route from the current monetary system controlled by central banks and governments alike.

The more governments adopt Bitcoin, the easier it becomes for you to live solely on crypto. El Salvador was the first country to make the move, so we should expect other countries to follow soon. If Brazil's President signs the bill, then it will mark history as the first South-American country to adopt Bitcoin as legal tender. Let's see how everything will unfold as Fiat continues to lose traction in the mainstream world. Just my thoughts Grin