Generally, in my own view this News could trigger a shift in the mindset of people to start thinking pricing things in value of Bitcoin rather than in dollar.
But, it has been said that they hate btc and its volatility in its price so therefore people will avoid this idea rather than using it to price their goods but there are still solid btc believers that can do this. Usually these things can start to happen when a country start to make btc as a legal tender.
How would you feel if you have (BTC),goods and services other asset are no longer priced in US dollar (fiat) and eventually priced in BTC ?
Share your thoughts.
I feel good of course because if I have a btc, it also means that I am a btc enthusiast. I will like it more better if the world turn to btc instead of usd/fiat and other local currencies. Pricing things in bitcoin rather than in u.s dollar could mean a good thing for btc of course because that means that the end of u.s dollar is near. It also means that btc is soon to be made as a legal tender.
Even if we look forward to bitcoin being used as a legal means of payment, of course we will also have risks too.
When a bitcoin has a high value price, of course we feel pleasure because we get big profits, but if the price is cheap as it is today, of course they will find it difficult to find other bitcoins to cover their losses.
And it is very different from the role of the dollar or other fiat money which does not have a drastic decline like the dollar, rising and falling prices can still be reached and different from the decline in bitcoin prices at any time.