2min chapter

Decoder with Nilay Patel cover image

Is there a future for Bitcoin? An investor and a skeptic make their case

Decoder with Nilay Patel

CHAPTER

Why Bit Coin Is a Better Currency Than the Dollar

In countries like venzouela, the dollar is a unit of account. Everything'll be priced in dollars. So bit coin comes in and his used for transactional purposes there. There are lots of benefits of bit coin as a currency compared to unstable currencies that we currently back sompwith a dollar. It might float in a volatile way against the dollar, but compared to a mismanaged currency in an unstable country, it might be a much better bet to clear some of those repeated transactions.

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