I think the bitcoin market may gain legitimacy in the coming days. I researched this for a few days and then I will tell you as my thesis. For this, I then conducted a survey focusing on the banking system, remittance economic development, technology, etc. of that country. Here I have used the information obtained from the big magazines as a reference.Newspapers such as CNN, BBC, ND TV, Daily Star, etc. have repeatedly said about this. And my idea is that the market price of Bitcoin has not decreased at present but the market price has decreased. The reason for this seems to be that people will collect a lot when its price goes down. And the publicity campaign will increase tremendously.

Countries that can introduce bitcoin.

There are many countries that have legalized Bitcoin. Again many have not legalized but officially use bitcoin in some cases. Which is forbidden to use by the common people. In this case, we can talk about Iran. Again, countries like India and El Salvador are leaning towards bitcoin day by day.

India

• Bloomberg wrote in one of their newspapers that when crypto currencies were legalized in an Indian court order, investors were seen cheering among them. About one crorer of them have invested here in a very short time. I think it is normal to see more growth in the future.Indian analysts believe that this has ushered in a new era. I think it's not just Indian, it's a great start for Bitcoin. Because Bitcoin will now dominate the Indian market. Indian courts have not only recognized Bitcoin but also other digital currencies in circulation.

India Today, Hindustan Times and Anandabazar news are also said.They gave the same headline

El Salvador

The BBC and Al Jazeera's headlined in one of their newspapers why El Salvador is legalizing Bitcoin ??But when I found out about Salvador on the net, it became clear to me. The reasons I think are like this-

• When a person sends remittances from abroad to his own country. In this case, they use any institution or bank as an intermediary. As a result, a certain amount of money has to be paid to the banks of both the countries. But in case of using BTC, you don't have to pay this. Basically, there is no middleman in Bitcoin.

• Since the currencies of low income countries are very weak, they have to face various problems. But if BTC increases, their currency will also become more stable.

Iran

We know that Iran is a conservative country. But they also uses crypto currencies like Bitcoin. Iran used BTC extensively. Through this they maintained import and export with different countries. But a few days ago they suspended BTC. But Why??

• They have shown load shedding as a reason to suspend for four months. Yes it is true that all the technologies used to use Bitcoin require a lot of electricity.

• Rouhani said the main reason for the load shedding was that the country's hydropower projects were not getting enough water due to the drought. However, he also said that cryptocurrency mining in the country, 85% per cent of which is illegal, uses about two gigawatts of electricity per day.

Bangladesh

"The Daily Star " make there headline Digital Bangladesh needs Digital Currency.

I think digital currency here means bitcoin and popular currency like BTC here.Although the government of Bangladesh has not yet validated Bitcoin. There is a lot as a reason. And I think the government has made the right decision. Maybe they will make the right decision at the right time.

The popularity of Bitcoin

What else can I say about the popularity of Bitcoin ?? You all know that. The popularity of BTC has grown so much that different countries are thinking of creating digital currencies. In this case, China, Russia and India are ahead of all. Last month, China announced the introduction of the digital Chinese yuan in their markets. India also talks about digital rupee with them. But the reality is completely different. The Chinese government has completely banned bitcoin in their country.

However I don't think any cryptocurrency can go around Bitcoin. Because the popularity of BTC has already skyrocketed. Its fidelity and much more. So let's see who is ahead in the next world.

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