Quote from: dansus021 on Today at 12:47:33 PM

Quote from: Nihum342 on March 09, 2025, 04:34:03 PM

☞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?

The price of Bitcoin is unstable. Its price may increase or decrease. If a country accepts Bitcoin as their currency, then there will be an economic revolution in that country.

Bitcoin will be operated without the control of the central bank or government of that country. It is capable of preventing inflation. Because it is not possible to print any additional bitcoin. For this, the people of that country can do their transaction easily, transparently & faster and will have the potential to reduce corruption rates. However, when all transactions are completely dependent on online, it will be mandatory for all of the country to gain skills in this regard.

Finally, if Bitcoin is the currency of a country, it will start a new economic age of that country. This will improve the economy of that country and some damage. So these positive and negative aspects of that country should be noticed equally.

Well first of all Bitcoin already part of the currency of El-Salvador tho it has positive and negative side and has a lot of critizes both from other countries and their own people, but its happening.

Yes bitcoin is unstable but Merchant who accept bitcoin can exchange their bitcoin when the bitcoin is arrived in their merchant account, but yeah it is very volatile.

We Gonna see at bitcoin reserve first if this work this might improve the economy

Bitcoin is not suited to be someone's daily-to-use currency yet, it has its drawbacks as well as pros.

We are seeing Bitcoin to become something much bigger than only the ultimate store of value, and I hoping for more developments to come in that department throughout the world.