Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
legiteum
on 19/01/2025, 19:23:59 UTC

In order to increase the use of Bitcoin users, Bitcoin and its saviors need to be more aware and give proper advice on how to increase the use of Bitcoin.  Benefits of Bitcoin must be confirmed.  This can increase the number of Bitcoin users.

El Salvador passed a law in their country basically forcing Bitcoin down people's throats and yet they still aren't adopting it. What more do you want?

Bitcoin is not going to increase in the number of users, it will decrease. Maybe richer people will buy up more of it and make the price go up, and maybe more governments* will help prop up the price, but there will be fewer and fewer individuals in the future actually holding Bitcoin because there are far better products out there now. Bitcoin is too slow and too expensive to be used for mainstream transactions by ordinary people.

(*And the irony that Bitcoin needs government help to support it's price now is pretty intense  Smiley Smiley ).