Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Gposas on January 19, 2022, 03:19:52 PM
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We see different countries with different currency value, some of these currency stands to be stronger than others and even lead in value.
Looking at Bitcoin though still a currency but in the crypto community and not yet being used as a national currency has a high value than these currencies being used by different countries.
Comparing Bitcoin with the national currencies of different countries in the world we see that Bitcoin has a higher value than all of them, so will it be possible for any country in the world to make it's national currency value reach that of Bitcoin or even higher???
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I don't think it's possible, keep in mind that Bitcoin has a total supply of 21,000,000 and many are unrecoverable due to loss of private keys. A country cannot have only 21,000,000 of its sovereign currency in circulation, not even a very small country, since it would be a very small amount. In addition to what I have told you, keep in mind that one of the characteristics of Bitcoin is to be able to use it anywhere in the world through the internet, that could not be done with a physical currency either. Any country would need a much larger total supply than Bitcoin has to work well.