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71 sats \ 3 replies \ @cryotosensei 14 Jun \ on: Bitcoin is a Tradfi Asset now bitcoin
I think it will take more than 5-15 years for Model B to happen. It will be interesting to see how countries roll out CBDCs, as well as which nations will persist in their use of CBDCs n which other countries will pivot to Bitcoin. I think a longer runway is needed for Model B to take flight
My two sats’ worth
I don’t expect any country to make bitcoin only legal tender.
I think El Salvador will be the model for nations adopting bitcoin. Bitcoin and their fiat currency as legal tender because bitcoin is not a feasible medium of exchange right now.
El Salvador has no central bank. They are a dollar economy. This is better than having their own currency.
Emerging markets should ditch their own currency and adopt dollars or euro which will facilitate bitcoin adoption in the future
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They would probably do the bitcoin and stablecoins. You are right.
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We see this in Latin America which is why Aqua wallet is popular there
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