Post
Topic
Board Bitcoin Discussion
Re: Bitcoin becoming Legal tender
by
Bravut
on 26/03/2024, 09:10:32 UTC
.


 the objective of most of people who is into cryptocurrency especially Bitcoin always wanted bitcoin to be a legal tender and they don't know the effect of Bitcoin being a legal tender across other countries, a few countries can accept Bitcoin as a legal tender but it does not have any meaning or any effect because there is already an existing Fiat currency which is known as a traditional currency in which many people use in exchange of goods and the services so Bitcoin will still not add more value from my perspective.




True. The only game here Is just allowing Bitcoin remain how it is now, because making it a fait will likely decrease it value, and then become infringe by big players.
And we know the rising value of Bitcoin is pegged on the fact of low supply and high demand, and potential profit returns. Making it fait will have no value.