When I first heard about Bitcoin and the next thing I know was that the central bank says negative things about Bitcoin. There is a high risk and you can lose your money if you get involved in any cryptocurrency.
They paint a picture in your mind that Bitcoin is bad. Crypto is criminals' money. And bad people use it to commit crimes. You do not want to commit any crime, do you? If you get involved in crypto in any way, you are doing something that is harmful.
Being in an environment like this, you have to have an open mind to see and look into the bubble that's a level given to Bitcoin. Popular figures in the existing financial system say Bitcoin is nothing but a bubble that is going to burst soon. It is just speculation. If you hold Bitcoin, you are going to lose everything that you hold.
Nowadays, you may not see those people call out Bitcoin as a bubble. Instead, they are too busy saving their empire. They are going against their previous belief to invest in crypto. Crypto is here to stay and there is no way it will disappear.
Now Bitcoin is recognized as a legal tender. If that's a buddle, some countries will not make Bitcoin an official and legal tender. El Salvador is the first country that came forward to recognize Bitcoin as a legal tender. By the way, El Salvador is not the last country that takes this brave step, the Central African Republic (CAR) is the second country to accept Bitcoin as a legal tender.
It is assumed that Fiji and Tonga will follow in the footstep of El Salvador and the Central African Republic (CAR). We will see more countries that will announce and make Bitcoin their legal tender.
Even countries that don't like to make Bitcoin a legal tender will be happy to recognize BTC as an alternative investment. Seeing the adoption and the way everything moves forward, there is no turning back. What crypto can offer in terms of freedom, security, and control, people will not get that anywhere.
Bitcoin fundamental does not change. Bitcoin was not a bubble and Bitcoin will not be a bubble. Now those so-called experts may not make fun of themselves anymore saying Bitcoin is a bubble.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
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