Cryptocurrency Q&A Is bitcoin unsuitable as a national currency?

Is bitcoin unsuitable as a national currency?

noah_stokes_photographer noah_stokes_photographer Wed Aug 28 2024 | 0 answers 0
Could you elaborate on why some believe Bitcoin may not be suitable as a national currency? Are there concerns over its volatility, scalability, or lack of regulation? How might these factors impact its ability to function as a stable and reliable means of exchange and store of value on a national level? Additionally, what alternative cryptocurrencies or traditional forms of money might be seen as more suitable options for fulfilling the roles and responsibilities of a national currency? Is bitcoin unsuitable as a national currency?

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