MultiversX Tracker is Live!

Issue with adoption by more countries?

Bitcoin Reddit

More / Bitcoin Reddit 194 Views

I was just thinking about how Bitcoin being adopted by more countries will be great for the currency and the price.

Then I realised, as more countries/people adopt it, the price will continue to rise and then this will actually disincentives new countries from buying in.

Say if you are the 10th country to buy in when BTC is €1mil per coin (totally making up figures here), you will have such little buying power compared to countries or whales that bought in early.

Then whales/foreign countries could come in and buy massive amounts of lands or goods in your country.

Does this make sense or am I missing something?

submitted by /u/BJJnoob1990
[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