At present, El Salvador and the Central African Republic (CAR) are the only two countries in the world where Bitcoin functions as a legal currency.
How many more will classify Bitcoin as legal tender in 2024?
1,000🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ132 | |
| 2 | Ṁ118 | |
| 3 | Ṁ104 | |
| 4 | Ṁ103 | |
| 5 | Ṁ89 |
People are also trading
currently 78% by 2030, but 0 in 2024? something doesn’t add up
https://manifold.markets/itsTomekK/will-any-new-country-adopt-bitcoin?r=bWlzdGVyc3BsaWNl
@mistersplice adds up perfectly. If there is only 23% chance that a single country adopts Bitcoin per year, after 6 years there is 78% that at least one does. In fact, that would imply approximately 67% after 1.5 years, pretty close match to this market here. 3 countries is wildly overrated though.
I think the hype around crypto very abruptly died off in 2023. VC investments in crypto are down 98% (!!!) from last year. Therefore, there is 0 point for a country to do the crypto hustle. It will obviously not be used practically as a legal tender, as numerous testimonials confirm nobody actually uses it in El Salvador. The only point in such a move is to attract FDI, but that is unlikely to work in 2023.
@PeterBuyukliev Bitcoin is the important discovery. 99% of the other tokens are a waste of time and effort. It’s not a myspace/facebook situation, it’s more like the internet. Do you think it’s possible for someone to create another internet that will absorb all the traffic from the current one?