Bitcoin and other cryptocurrencies could offer good alternatives to fiat in areas where fiat is inadequately supplied & there are problems of inflation with supply mismanagement of fiat. An example of these areas is sub-Sahara African countries.
Bitcoin as Money
However, Cryptocurrencies may not be as successful in areas like United States where the U.S. dollar is stable & transaction costs are already low. Goldman Sachs said in an internal report titled “Bitcoin as Money” published on Wednesday by the bank’s strategists Zach Pandl & Charles Himmelberg
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