" It is worth mentioning that the politician failed to provide details on whether Liechtenstein intends to embrace BTC as a legal tender, similar to what El Salvador and the Central African Republic did in 2021 and 2022, respectively."
It should only be noted that
Bitcoin is no longer legal tender in the CAR, so that experiment did not end well in one of the poorest countries in the world, where only about 10% of the population has access to the internet.
The adoption of Bitcoin in Liechtenstein is a positive move that could potentially impact Bitcoin's price positively. It's encouraging to hear news of small countries in the EU taking the initiative to adopt Bitcoin as a local currency.
I already wrote that this micro-state is not part of the European Union (EU) and I don't know if it's a misconception or if that abbreviation is used incorrectly when someone thinks of Europe. However, it should be emphasized that Liechtenstein is part of the EEA (European Economic Area), which means that they are part of the EU market.
I'm confident that sooner or later Bitcoin will become a major global currency.
Do you think that the world powers will just allow this and endanger their national currencies? Bitcoin is already a global currency and it is not at all necessary for any country to declare it as legal tender in order for it to be successful. You only have to look at the examples of countries like Switzerland, the Netherlands, or perhaps the island of Boracay in the Philippines, but also at many other examples where people use Bitcoin without the government of those countries having a positive opinion about it - it is a means of payment, and when people pay for services and products, the state collects taxes, which is a win-win situation.
