Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
wmaurik
on 20/10/2023, 15:54:42 UTC
In today's world the number of people who use dollars is very high but the popularity of Bitcoin is also very high now if you compare it with the past few years. So what is the reason behind the popularity of Bitcoin or who is using Bitcoin? Dollar users are Bitcoin users. Now maybe they are giving more importance to dollar than bitcoin but after few years it will be seen that bitcoin has taken the place of dollar. We always hear positive news about Bitcoin. Starting from the transaction of buying and selling houses through Bitcoin, many large transactions are currently being done by people through Bitcoin. Those who are doing big transactions with Bitcoin could do their transactions with Euros or Dollars if they want but they are relying on Bitcoins instead of doing them, in this case it is definitely safer for those people to use Dollars or Bitcoins from Europe as a means of transaction.  
In fact, what is still visible now is this, but it cannot be denied that dollar users also use Bitcoin for more logical things such as investing and storing it well. So most people still really want to spend their dollars first rather than sacrificing their Bitcoins to exchange them for any goods in this world. And I'm sure that dollar users also know that Bitcoin has started to be accepted by many shops and companies in countries that don't ban Bitcoin, so citizens of countries like El Salvador are quite safe using Bitcoin even though they still haven't forgotten about dollars.

Quote
People now look for security of money as well as people now prefer to use digital money. It is only a matter of time that the use of the dollar will decrease and the use of Bitcoin will increase at a later date. Maybe we won't see it, but our next generation will see the highest use of bitcoins compared to the dollar.
Security is still a very important point and also a very important point for everyone so it would be very natural if it continues to be sought after by many people now. However, on the one hand, dollar users have also realized that storing Bitcoin can also be very safe even though there are still fluctuations and volatility, because there are types of people who don't want to sacrifice important assets like Bitcoin. So a person like that will usually sacrifice his fiat in life rather than spend all the Bitcoin he has on everything he wants.