Yeah but with the current move by El-Salvador, cryptocurrencies are now legalized there as a Legal tender, other countries are looking up to how they will sustain.
Exactly, so the bias that comes with the fact that crypto isn't a legal tender is starting to fizzle out and more and more population is starting to recognize it.
Exactly, so the bias that comes with the fact that crypto isn't a legal tender is starting to fizzle out and more and more population is starting to recognize it.
Most likely that we can really see it is having is it way as a legal tender yet because only El-Salvador has taking that move but when more countries move in that direction we could say that.
I was mainly using bitcoin as a currency until the end of 2020. I used to make payment through Bitcoin or convert it to fiat currency and use it to pay my bills. But since the beginning of this year, I am using Bitcoin and other crypto currencies as an asset to build wealth.
Cryptocurrency is both a currency and an asset. There are places where you can use cryptocurrency as a legal tender to buy a product or service. But these places are few because cryptocurrency is not widely accepted yet.
For now it is mostly an asset to a lot of people because of the investments opportunity it presents.
