Does Bitcoin have what it takes to be a strong currency
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Bitcoin has been around for about 12 years. Some countries especially in Latin America such as Argentina, Panama etc are considering adopting it as legal tender while others such as El Salvador have already made it as legal tender. Getting accepted as legal tender means it can be used for regular daily transactions. I ignore the intricate distinction between legal tender and currency in this article. In addition, in this article I also gloss over the precise difference between money and currency. Hence, I use those terms interchangeably.
Does Bitcoin have what it takes to be a strong currency
Does Bitcoin have what it takes to be a…
Does Bitcoin have what it takes to be a strong currency
Bitcoin has been around for about 12 years. Some countries especially in Latin America such as Argentina, Panama etc are considering adopting it as legal tender while others such as El Salvador have already made it as legal tender. Getting accepted as legal tender means it can be used for regular daily transactions. I ignore the intricate distinction between legal tender and currency in this article. In addition, in this article I also gloss over the precise difference between money and currency. Hence, I use those terms interchangeably.