At Bitcoin prices go higher, optimist are having their say in projecting if not advertising the digital currency.
I just read an article about a Bitcoin enthusiast encouraging Argentina to invest in Bitcoin or maybe he actually meant Blockchain technology.
The man is venture capitalist called Tim Draper.
It is obvious that the government has tacit support for Bitcoin unlike most other governments that are neutral or hostile.
Check this piece I culled from bitcoin.com:
The Argentine government appears not to be concerned by bitcoin, with reports indicating that the vice president of the central bank of Argentina, Lucas Llach, stated that the central bank is “not afraid of bitcoin and likes some of its uses” in August.
- news.bitcoin.com
What do you think would be the effect if and when whole countries start investing in Bitcoin?
When a whole country start to invest on bitcoin, a much higher price of bitcoin for sure will occur, which is a good news for bitcoin enthusiast. And also, it is possible for that certain country to make bitcoin as their local currency. But now is so much volatile, so I still don't know if they will accept bitcoin's volatility. But I guess they won't! So it will still depends to them. But it is not that much important, what more important is if a whole nation invest on bitcoin, the more people will recognize bitcoin.
For now, I can't see any bad effects if it happens, but let's still hope it won't bring any unwanted troubles.
