I don't think so,
The bitcoin is way too volatile to really transfer your money to
the bitcoin needs stabilize and become a mature coin in order be adopted by developing countries.
that will happen only after the western world will adopt it.
I wouldn't recommend anyone in Cyprus, Argentina and ect... to transfer their savings to bitcoin, as well as any western investor. Only as a small portion of a well diversified portfolio
Ohad
edited :
Oh, unless you mean drug-dealing
The bitcoin is way too volatile to really transfer your money to
the bitcoin needs stabilize and become a mature coin in order be adopted by developing countries.
that will happen only after the western world will adopt it.
I wouldn't recommend anyone in Cyprus, Argentina and ect... to transfer their savings to bitcoin, as well as any western investor. Only as a small portion of a well diversified portfolio
Ohad
edited :
Oh, unless you mean drug-dealing
REally? then you need to understand that in Argentina, there's a 25-30% inflation. So what you make now, it's worth 25-30% less in a year. Bitcoin on the other hand, is a deflationary currency, more than 500% in the past 4 months, so... I wouldn't make recommendations if you don't understand economics. You are misguiding other people.
