Tuesday, April 20, 2021
Only Bitcoin Market News
Bitcoin Tax Solutions
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Bitcoin (BTC) As National Currency: Five Use Cases Indicated by Analyst PlanB

9 months ago
in Stock
2 min read
Bitcoin (BTC) As National Currency: Five Use Cases Indicated by Analyst PlanB
Share on FacebookShare on Twitter


Contents

  • National Level Use Cases for Flagship Cryptocurrency
  • Government Budgets to Explode with ‘Stock-to-Flow’

Prominent cryptocurrency researcher and analyst PlanB named five types of ‘countries’ that should consider switching to Bitcoin (BTC) as a reserve currency and as an instrument of governmental remittances.

National Level Use Cases for Flagship Cryptocurrency

In a recent tweet, PlanB claimed that some communities (not necessarily nation-states) would better of using Bitcoin (BTC) instead of the U.S. Dollar for a couple of reasons.

First of all, the largest oil producers who would like to hedge the risks from the USD hyperinflation may be interested in Bitcoin (BTC) payments. Then, 1 of 168 poor countries will have a monetary Bitcoin (BTC) market capitalization.

PlanB showcased five situations when Bitcoin (BTC) can be useful for states

Image via Twitter

The countries with hyperinflating currencies may also use Bitcoin (BTC) as an instrument for settlements. Countries under U.S. trading sanctions is one more unexplored field for Bitcoin (BTC) solutions.

Particularly, the countries where The Society for Worldwide Interbank Financial Telecommunication (SWIFT) payments die to extreme draconian sanctions, would enjoy free Bitcoin (BTC) transactions.

Finally, Bitcoin (BTC) may act as a currency for high-tech communities like Silicon Valley for internal and external payments.

Government Budgets to Explode with ‘Stock-to-Flow’

Should some country actually decide to replace its currency with Bitcoin (BTC), its national budget may skyrocket. According to the ‘Stock-to-Flow’ Bitcoin (BTC) price model by Plan B, the price of the king coin may reach $900,000 in its next cycle between 2021 and 2024.

👉 MUST READ
Bitcoin (BTC) Price Expected to ‘Stay Below $55K’ by ‘Stock-to-Flow’ Author and Followersrelated article image

Recently, an army of his supporters include mysterious Bitfinex whale trader Joe007 and vocal Bitcoin (BTC) proponent Max Keiser of Russia Today (RT).

While the former announced that he stopped mocking the ‘Stock-to-Flow’ prediction due to its rising mainstream adoption, the latter called S2F a valid and insightful model, and very useful for understanding of market processes.

article writer image

Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Related articles

Safemoon records 130% rise as Elongate becomes newest currency in Musk tribute

Safemoon records 130% rise as Elongate becomes newest currency in Musk tribute

April 20, 2021
Safemoon records 99% rise as Bitcoin has biggest single day drop for months

Safemoon records 99% rise as Bitcoin has biggest single day drop for months

April 19, 2021

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)





Read more:Bitcoin (BTC) As National Currency: Five Use Cases Indicated by Analyst PlanB

Tags: analystBitcoinbitcoin news todayBTCCasesCurrencyNationalPlanB

Related Posts

Safemoon records 130% rise as Elongate becomes newest currency in Musk tribute

Safemoon records 130% rise as Elongate becomes newest currency in Musk tribute

by Bitcoin Market
April 20, 2021
0

RECORD-BREAKING PRICES CRYPTOCURRENCIES like Bitcoin and Dogecoin are seeing record-breaking prices this week, but what’s the difference between them...

Safemoon records 99% rise as Bitcoin has biggest single day drop for months

Safemoon records 99% rise as Bitcoin has biggest single day drop for months

by Bitcoin Market
April 19, 2021
0

RECORD-BREAKING PRICES CRYPTOCURRENCIES like Bitcoin and Dogecoin are seeing record-breaking prices this week, but what’s the difference between them...

UPDATE 1-Johnson & Johnson has told Canada many times about challenges with COVID-19

FOREX-Dollar pinned near one-month low, Bitcoin steadies near $57k after weekend drop

by Bitcoin Market
April 19, 2021
0

BloombergChina’s $87 Billion Electric-Car Giant Hasn’t Sold a Vehicle Yet(Bloomberg) -- China Evergrande New Energy Vehicle Group Ltd.’s expansive...

Bitcoin suffers flash crash following week of crypto hype

Bitcoin suffers flash crash following week of crypto hype

by Bitcoin Market
April 18, 2021
0

Bitcoin has skyrocketed in value this year as it gained more mainstream acceptance, but the sharp price fall this...

Bitcoin falls 7.7% to $55,408 By Reuters

Bitcoin falls 7.7% to $55,408 By Reuters

by Bitcoin Market
April 18, 2021
0

© Reuters. FILE PHOTO: FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
‘Dogecoin Day’ brings volatility for meme-inspired crypto

‘Dogecoin Day’ brings volatility for meme-inspired crypto

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
‘Dogecoin Day’ brings volatility for meme-inspired crypto

‘Dogecoin Day’ brings volatility for meme-inspired crypto

April 20, 2021
Iconic Funds Receives Approval to Issue and Publicly Offer a Physically Backed

Iconic Funds Receives Approval to Issue and Publicly Offer a Physically Backed

April 20, 2021
Covid-19 live updates: ‘Dramatic deterioration’ in information access due to

Covid-19 live updates: ‘Dramatic deterioration’ in information access due to

April 20, 2021
Introducing Crypto on Venmo

Introducing Crypto on Venmo

April 20, 2021
Cryptocurrency Giant Binance Hires Former Top Bank Regulator

Cryptocurrency Giant Binance Hires Former Top Bank Regulator

April 20, 2021
‘It will be ugly’: Bitcoin bear gives 2 reasons why he thinks the ‘bubble’ is going

‘It will be ugly’: Bitcoin bear gives 2 reasons why he thinks the ‘bubble’ is going

April 20, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$56,679.001.51%
  • bitcoin-cashBitcoin Cash(BCH)$952.602.62%
  • binance-coinBinance Coin(BNB)$581.0414.33%
  • bitcoin-goldBitcoin Gold(BTG)$95.645.85%
  • bitcoin-privateBitcoin Private(BTCP)$0.9218.23%
  • blocktixBlocktix(TIX)$0.012-69.38%