MultiversX Tracker is Live!

Argument against Bitcoin adoption from a PhD Econ Student

Bitcoin Reddit

More / Bitcoin Reddit 81 Views

Hi all,

I was talking to a PhD Econ student about Bitcoin. He agreed the technology was amazing and agreed that Bitcoin was a useful, valuable, asset...not too many disagreements there.

However, he said he doesn't believe Bitcoin will ever be a widely adopted currency around the world because there are no "guns" backing it up. At the end of the day, there will not be a government mandate or military enforcing the use of Bitcoin, and therefore, it will not become widely used as a currently (in the USA or in general).

We didn't get to finish our conversation, but I didn't immediately have a rebuttal to this claim.

I'm interested to see what you all think? Can Bitcoin because a widely used currency even without big government backing?

Thanks for reading!

submitted by /u/Visible_Frame_5929
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments