Bitcoin adopted as legal tender by African country — the second to do so after El Salvador

LTC Eugene Chu I'll stick with our currency's history... not a gambler.
..."The IMF has urged El Salvador to drop bitcoin as legal tender, raising concerns over the risks it poses to financial stability and consumer protection.

Bitcoin is a notoriously volatile asset, which raises questions about its role as a standard method of payment. It was last trading at around $39,686 Thursday, down 6% in the last 24 hours. The cryptocurrency has lost around 42% of its value since an all-time peak above $68,000 in November.

Many Western governments have raised the alarm about the potential use of cryptocurrencies by Russia to evade sanctions amid the country’s invasion of Ukraine."...