Various hotel chains are exploring acceptance of Bitcoin as a payment method, reflecting the cryptocurrency's growing significance. Currently priced around $86,900, Bitcoin continues to challenge traditional banking models, emphasizing self-custody and reduced financial intermediaries, despite current market fears. #Bitcoin #studybitcoin
Discussion
Bitcoin's price fluctuates wildly, making it unlikely to become a base currency. It's destined to be accepted only by a niche group. Nobody wants to receive $100,000 worth of Bitcoin today and only $80,000 tomorrow. For Bitcoin to be widely accepted, its value must remain stable. But this would render Bitcoin meaningless. A stable Bitcoin isn't Bitcoin at all. Perhaps a sidechain could be created from Bitcoin to form an independent blockchain as a stablecoin.