When the states begin to accumulate bitcoins in their foreign currency reserves, significant changes will occur. Bitcoin’s market capitalization is still too small to be considered an asset suitable for these purposes. The emergence of the first state to officially add bitcoin to its reserves is likely to encourage other countries to do the same. Thus, in accordance with this model, Bitcoin will face a few more cycles with rapid ups and downs. The result will be price stabilization as well as the reduced volatility and legislative regulation of cryptocurrencies.
What are the outcomes of adopting crypto by governments in the future?
Cite this page
References
Academic.Tips. (2022) 'What are the outcomes of adopting crypto by governments in the future'. 31 January.
Reference
Academic.Tips. (2022, January 31). What are the outcomes of adopting crypto by governments in the future? https://academic.tips/question/what-are-the-outcomes-of-adopting-crypto-by-governments-in-the-future/
References
Academic.Tips. 2022. "What are the outcomes of adopting crypto by governments in the future?" January 31, 2022. https://academic.tips/question/what-are-the-outcomes-of-adopting-crypto-by-governments-in-the-future/.
1. Academic.Tips. "What are the outcomes of adopting crypto by governments in the future?" January 31, 2022. https://academic.tips/question/what-are-the-outcomes-of-adopting-crypto-by-governments-in-the-future/.
Bibliography
Academic.Tips. "What are the outcomes of adopting crypto by governments in the future?" January 31, 2022. https://academic.tips/question/what-are-the-outcomes-of-adopting-crypto-by-governments-in-the-future/.
Work Cited
"What are the outcomes of adopting crypto by governments in the future?" Academic.Tips, 31 Jan. 2022, academic.tips/question/what-are-the-outcomes-of-adopting-crypto-by-governments-in-the-future/.