☞If Bitcoin was the currency of a country then what will happen?☜
Cryptocurrency is known as the fastest transaction medium for people around the world. Bitcoin is most commonly known and used token in cryptocurrency. Suppose a country began to use Bitcoin instead of their currency. Then, what will happen?
I don't think any country will use Bitcoin instead of their local currency. If used in Bitcoin instead of local currency then there will be various difficulties. Now if it is said about business, then the price of Bitcoin is very unstable, so the price of the product needs to be updated several times a day which is not convenient. Many products under $1 will be available in many countries, resulting in higher fees on small transactions, but not affecting transaction fees on large transactions. Also, not everyone will want to use Bitcoin because Bitcoin is unstable. However, Bitcoin will be more popular instead of time, and in many countries Bitcoin will be legalized, but no country will use Bitcoin instead of local currency.