So I guess we all know about El Salvador making Bitcoin a legal tender, which means, that people can buy and sell things and services which are denominated in both national and bitcoin currencies.
Now El Salvador might be an outlier for now, but in public space, there are speculations that with high certainty predict that the Bank of England is going to purchase Bitcoin before its price going to reach one million per btc.
They might just be running out of time, jokes aside, people who are interested in global markets, know that regions like Latin America, Africa, and in some cases middle east have a history of suffering horrible inflation, which makes me ask a question if they do not have a stable currency is there anything that can be done, to protect their people from poverty, crime and financial mayhem?
Maybe El Salvador's example will be the first step towards nation-states using bitcoin as a tool to help them alleviate stress caused by crashing currency prices and the list of the countries is growing by the day.
These are just my thoughts about what might happen, so don't take it as financial advice, however, I like to think about it from the perspective of game theory.
