Post
Topic
Board Economics
Re: Swiss Franc become a new Cryptocurrency ;D
by
electronicash
on 09/11/2023, 19:11:59 UTC
True, they are one of the riches countries, but I think if we talk about adoption, isn't total number of user better than total amount?

It is theoretically possible that in a country like Switzerland there are more people who use/own Bitcoin than in a country with perhaps ten times as many inhabitants. Even at least 5+ years ago in Switzerland, you could buy Bitcoin at a machine where train tickets are sold, or you could pay taxes in the same in some of their cities.

I want to say that in some countries financial literacy is much higher than in others, and this combined with favorable regulation creates a positive environment in which people are not afraid to invest in Bitcoin as in some other countries in Europe where the central banks practically call it a fraud.

When we talk about the total number of users, or perhaps it is better to say those who own Bitcoin, some studies say that this number is somewhere around 2% of the total population, while the most optimistic ones go up to 5%. In any case, this is definitely too little considering that Bitcoin has existed since 2009.

which means there will be more users of CBDC than Bitcoin once every government launched their own CBDC. quite a tiny percentage of people who are more aware of BTC existence despite how popular Bitcoin is.

people will prefer the CBDC i think because its easy for commercial payment services. if CBDC are to exist on blockchain i think Swiss Franc will work like stablecoin and every country will have their own stablecoin as soon as they launch theirs. i can only assume they will be using Ether network.