We all know bitcoin runs in a decentralized system, so making it a legal tender simply means the government will also have control over it and it system which wasn't the original motive of it
So two colliding forces, which can't be met at all.
I know El Salvador has bitcoin as a legal tender, but can only be used as a means of payment and transaction which also works in other countries.
It is easier for El Salvador to develop bitcoin as a legal means of payment because they do not have a national currency in their country, thus allowing bitcoin to become a legal means of transaction in that country. But if we talk about other countries, I am a bit pessimistic that what El Salvador can do smoothly, because other countries have official currencies that are regulated by regulations and rules within them. Other countries have more potential to use bitcoin as an investment asset, because this is much more likely to be implemented as is done by most countries currently because legal payments are still quite difficult to develop.
What do you think will be the fate of our Economy..?
Let share our ideas on this guys.
Bitcoin will continue to show development and that is evident in the process of its journey until now. The economic relationship to bitcoin's journey may be interdependent where many people can achieve financial freedom from bitcoin.