As a Bitcoin fan, I of course fully support the idea of ​​making Bitcoin a legal tender, as El Salvador has done. Several other countries have shown a friendly attitude towards Bitcoin by making it a national reserve asset and facilitating the crypto community to trade Bitcoin on futures exchanges regulated by trading bodies under government control. Currently, Bitcoin has experienced rapid progress, the government has legalized Bitcoin as an investment asset, but it is still limited or not legal as a legal means of payment.

The obstacle is that it does not have a central authority due to its decentralized nature, making Bitcoin difficult to control and monitor by monetary authorities and still contradicting state financial laws, but this discourse is not impossible to realize when Bitcoin has reached all elements of society. On the other hand, the government can reap huge benefits if it makes Bitcoin a legal tender because the economic cycle will be faster due to Bitcoin improved liquidity. In addition, progress in the tourism sector will also increase because tourists no longer need to exchange foreign currency to their destination country.