El Salvador and the Central African Republic are the only countries that accept Bitcoin (BTC) as legal tender. El Salvador’s crypto treasury is at $58 million in profit, according to the Nayib Bukele Portfolio Tracker website. The World Bank said the country’s economy has shown signs of recovery since 2021, thanks to factors such as public investment and tourism.

Bitcoin’s adoption as a means of payment in other countries could have significant and unpredictable effects, according to investment researcher Lyn Alden. Alden said the current debt-based monetary system is incompatible with Bitcoin and that the financial system needs to be restructured.

Bitcoin’s adoption as a mainstream means of payment could have complex economic effects, according to Alice Liu. Liu said Bitcoin’s fixed supply could help control inflation in the long term, but volatility and infrastructure issues could pose challenges.

How do you think Bitcoin’s adoption as legal tender would affect economies? We’re waiting for your comments!