Why is Bitcoin not a legit currency?

[divine75]

Bitcoin isn't a legit currency as of now because it is required by the Bureau of Engraving and Printing (BEP) and other authoritative bodies and governments to come to terms with the operations of Bitcoin. Here is the case, the real positive concept and significance of Bitcoin is not fully understood  by these bodies in order to legalize it.

Maybe some part of the country and in my own homeland bitcoin is not legit currency because,of there so many reason and one of them thats they afraid to be used this in illegal activities like mony laundering or funds for high crimes etc,while the other reason that there country is lack of technology ,even those belong in the poorest country and one example of them is africa,and how they implement  regulation if this crypto technology not will exist into there country.

[dekafee79]

Bitcoin isn't a legit currency as of now because it is required by the Bureau of Engraving and Printing (BEP) and other authoritative bodies and governments to come to terms with the operations of Bitcoin. Here is the case, the real positive concept and significance of Bitcoin is not fully understood  by these bodies in order to legalize it.

I think The goverment afraid to legitimate crypto currency, because They are cannt controll crypto over and Crypto be used illegal activities.

[dominoes]

Normally because bitcoin is not subjected to engage the operation of government. It will become legit currency once government and bitcoin team realized that they need each other to make the world connected.

[trofim21]

this is a temporary bitcoin is not legal, but soon it will be recognized worldwide, and its price will be adjusted

[Nur sarimbit]

because a lot of people who still do not know the digital world bitcoin gan. and there are still many people who can not use digital tools. because of their stupidity who had never learned how to get me to invest in bitcoin

[altcoingamer]

Its just too slow and expensive for small transactions..   I don't see anything so volatile with high fees ever being a legit answer for things like coffee or gum.  Even as a digital commodity only it can be 6 figures quite easily.

[Najma zahra505]

because bitcoin is a digital currency that not everyone knows about digital money at this time, in a new country some are using it, because as I know ... many also don't understand digital technology, what else is bitcoin money.

[Mbah Jenggot]

Bitcoin isn't a legit currency as of now because it is required by the Bureau of Engraving and Printing (BEP) and other authoritative bodies and governments to come to terms with the operations of Bitcoin. Here is the case, the real positive concept and significance of Bitcoin is not fully understood  by these bodies in order to legalize it.

Bitcoin is digital currency, Many people dont have knowledge about that..Maybe in yhe comung future, It will happen.

[Ryanpogz]

Bitcoin Not a ‘Legitimate’ Currency, But a Trusted Digital Currency. That's what I believe, proven and tested.

[Dreamer02]

It is because the price of bitcoin is unstable, bitcoin is a digital currencies means price change time to time, that make sense.

[Domithra]

This cannot be generalized as Bitcoin is legitimate in some countries whereas other countries remain neutral about it. Only a few countries have declared their stands against Bitcoin. However, the only reason pulling out these few countries is that Bitcoin offers anonymous transactions, hence can be used to fund terrorism and involve in money laundering.

[Mocosolawatan]

probably because bitcoin is not yet available in all countries and there are still many lay people who have not been able to and have not known the investment in bitcoin gan

[Wong keras]

because bitcoin currency has not yet been inaugurated in big countries, but the next year the progress will be more advanced, I believe the bitcoin currency will be recognized by the big country.

[Habagat]

Bitcoin isn't a legit currency as of now because it is required by the Bureau of Engraving and Printing (BEP) and other authoritative bodies and governments to come to terms with the operations of Bitcoin. Here is the case, the real positive concept and significance of Bitcoin is not fully understood  by these bodies in order to legalize it.

In simple terms until it gets a centralized state it will not be given importance as a legal currency.In my thinking it will get the legal status with some sort of limitations depending upon the government.It is legal ,as everything happens through internet scamming is easier and this makes people term it as not legit one.

[Rivaldi Kunkun]

This is because the bitcoin itself is virtual currency where the physical is not visible, besides bitcoin itself hasn't been able to reach in all walks of life there are still other constraints so that bitcoin hasn't been able to be used as currency legitimate.