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RE: Ohio is First to Accept Bitcoin for Business Tax Payments
It's especially useful when economies fail and fiat becomes near-worthless, as people in Venezuela and elsewhere have jumped into crypto.
Yup, just last month, the Venezuelan bolivar fell 3 times more than the Bitcoin in the last year. So... you know... I'm a hodler.
On the other hand, the more the adoption increases, the more the value of the BTC increases, perhaps not reflected in the prices now, but sooner or later it will do so.
yeah, you know how true it is for crypto to be of benefit ;)
I never thought about it before, but HODL is literal for Venezuelans with Bitcoin.
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HODL is literal for anyone who fully relies on cryptos, only that in Venezuela there are also economic incentives for that to happen. ;)