In the country where Bitcoin is legal tender, no one is using it for its hailed use case. Only 1.34% of remittances are in Bitcoin. Bitcoin doesn’t work.

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by PipeGeneralCnD

Imagine you are a furniture company with 5% margins. You sell your biggest inventory of the year. Next day bitcoin is down 7%. You are bankrupt.

Bitcoin forces every single business to be a speculator. They can’t focus on what they do best. That is why the USD has been so successful. The least volatile currency in human history, allowing businesses to focus on business and not currency swings.

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Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.

 

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