3 ms·
They'll transact with Bitcoin given two conditions: 1. They know that resistance is futile. You can't stop it (or at least one party acting alone can't stop it)
by csomar 4y ago
They'll transact with Bitcoin given two conditions: 1. They know that resistance is futile. You can't stop it (or at least one party acting alone can't stop it) and 2. Crypto is liquid enough across many markets.
People (and government) will use the path of least resistance. Crypto is pretty liquid in many parts of the world now. You can P2P from crypto to your bank account and $10K is pretty feasible. However, $1Bn is not (outside the US and maybe EU). Once the liquidity is high enough, point 2 becomes possible. Point 1 always was.