Bitcoin As Legal Tender In Emerging Countries: An Excursion To Its Historic Significance

A recap on Bitcoin's recent price action and why it is currently range-bound.We have to set Bitcoin into a historic frame to understand its significance for emerging countries and their people as a payment system and store of wealth.Bitcoin could help create trust between people and their institutions to innovate and go on entrepreneurial endeavors.Bitcoin could have perverse effects on emerging countries as they give up some of their monetary sovereignty.