Post
Topic
Board Bitcoin Discussion
Re: South African leader wanted Bitcoin and believed it will pay their debt
by
Whatacoin22
on 27/12/2024, 22:13:15 UTC
Came across this post and it interested me, so just my opinion, here are my 2 cents:

Bitcoin's volatility makes it a risky choice for those seeking stability, as its value fluctuates unpredictably due to market speculation, regulations, and economic trends. This instability poses challenges for its use as a reliable store of value or tool for reducing national debt. Relying on Bitcoin's appreciation is speculative and could worsen financial instability if its price drops sharply. A more balanced approach is essential for long-term economic recovery. With the statement made, I do not see Bitcoin getting the country out of debt.