☞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?
Your definition to a currency is somewhat unpopular, seems more like an aspect to a currency than its actual definition. Just to be certain, I went to the Wikipedia page and searched out the definition of currency and this is what came out:
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state.
And that is word to word from Wikipedia.
It doesn’t necessarily have to be quick or the fastest to be a currency, it just has to be standardized within its operational jurisdiction and acceptable for means of exchange.
Meanwhile, Bitcoin is actually a currency to a nation. Although, it acts alongside its fiat counter part and that nation is El-Salvador.