BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022

[newshunter]

BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022

Developing economies are more affected by issues related to remittances and inflation, BitMEX’s CEO said.

Source: BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022

Would appreciate your opinion about this

[Tepona]

If Bitcoin is approved in every developed country. Bitcoin transactions will increase significantly. Bitcoin will be operated as the only medium of transaction. If Bitcoin is the only medium of transaction, the future of Gujarat will be bright all over the world. Then Bitcoin will formulate a plan to bring government intervention on the currency.

[TomPluz]

Right now, there are already maybe around 3 or 4 countries that are signifying their interest to follow what el Salvador had done in recognizing and allowing Bitcoin into the country. Once they can see that el Salvador is doing well and it got many benefits to their economy then the more countries that can be enticed to do the same. This is a good development actually and this can balance out Bitcoin between being a store of value and being a real currency used by people everyday.

[Noverteno]

I still find it difficult to believe that in the coming years, several more countries with weak economies can follow the example of El Salvador and accept bitcoin as their national currency. In fact, this is a very serious decision that requires a balanced approach. First you need to see how events will take place in El Salvador. In addition, if while the price of bitcoin continues to grow, no special problems are foreseen, and if it falls, or shows very high volatility, then people’s discontent and problems may arise.

[yawar20]

I hope this came true in coming future. But there are lot of obstacles and challenges for bitcoin and it is not easy go accept a currency like bitcoin with lot of inflammation. Still i hope for a better future..