.Snowden says Bitcoin can fix one important problem with national currencies, here's what it is
Digital assets with a limited or decreasing supply might in fact become an issue in a traditional monetary system as, despite being less inflationary in terms of supply, the lack of intrinsic value might become a problem in the long term.
Additionally, Bitcoin's value is highly volatile, fluctuating rapidly and unpredictably. This makes it difficult for businesses to accept and for individuals to use as a means of payment. Also, as El Salvador's experience has shown, the current infrastructure ofcannot handle the high volume of transactions required for it to function as a national currency.
In summary, Bitcoin's current lack of stability, limited acceptance, scalability issues, difficulty with regulation and security concerns make it close to being unsuitable as a national currency.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weekend Rally – Market Updates Bitcoin NewsBitcoin started the week trading near a five-month high, as prices consolidated the weekend’s gains. Ethereum declined further on Monday.
Read more »
Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them – Featured Bitcoin NewsOrdinals, a project launched just a few days ago, has enabled anyone to create Bitcoin NFTs (called inscriptions) as part of its functionality, storing data directly on the chain.
Read more »
Tesla's SEC Filing Shows Bitcoin Fair Market Value of $191 Million – Featured Bitcoin NewsThe fair market value of Tesla's bitcoin at the end of 2022 was $191 million, according to the company's SEC filing. crypto cryptocurrency $BTC $TSLA
Read more »
Loft Cinema to host 'Fireside Chat with Stacey Snowden''He was the first black coach to be head coach in Division I, first black coach to win an NCAA tournament game,' Elliott told KGUN 9. 'And so I feel that's part of the history we were able to establish.'
Read more »
BTC/USD Forex Signal: Bullish Above $23,629Bitcoin reaches new 6-month high price over the weekend.
Read more »