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Cryptocurrency discussions / Re: The impact of crypto on our lives
« on: Today at 12:20:29 AM »I read the topic and believe that there is more talk about crypto than its real impact on the world economy. The example of El Salvador is very unfortunate, a weak country with an undeveloped economy is looking for a way to overcome its difficulties. Not a single strong and independent country will allow some crypto to dominate national currency. National currency is one of the symbols of statehood.This technology can be “sewn” into fiat to overcome certain sanctions, but it will no longer be crypto in its pure form. Something like thisThe journey for crypto to become a legal tender globally will be long, as we are only in the early stages of the crypto market. Crypto is not the best solution for everyone, nor does it yet have irreplaceable utilities. We can only say that crypto is truly useful and valuable for many people around the world when they want to avoid the impact of inflation, move money easily, make global payments, or participate in investments without encountering too many barriers.
El Salvador was able to easily adopt BTC because it does not have a local currency. As you said, larger countries will be more cautious with BTC and crypto, and they are looking to issue CBDCs to make their citizens stay away from crypto. I don't think CBDCs will be easily accepted, and crypto will still have a great opportunity to replace fiat in the future.