Legal Tender

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Questions for Legal Tender (3)
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If a country, like El Salvador, declares Bitcoin as legal tender, how would international institutions such as the IMF and the World Bank react? What are the implications for its international relations?
Updated At
8/19/2025
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Answer
What economic and political challenges would a sovereign nation face if it pegged its legal tender to Bitcoin, similar to a gold standard?
Updated At
8/19/2025
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How does Gresham's Law ('bad money drives out good') manifest in the world of Bitcoin? What does the tendency for people to spend depreciating fiat currency while hoarding appreciating Bitcoin imply for its function as a daily means of payment?
Updated At
8/19/2025