According to CoinmarketCap’s most recent survey, the United States and India are now among the top ten countries that potentially recognize Bitcoin as legal cash.
Following the rewriting of Bitcoin’s history last month, when El Salvador became the first country to recognize Bitcoins as legal cash, there are growing predictions over which government will be the next.
As a result of this circumstance, the most prominent crypto website for tracking cryptocurrency values has chosen to survey all users to see which countries they believe are hot favorites and follow in El Salvador’s footsteps.
It’s no surprise that South American countries came first, particularly Paraguay, which, as Carlitos R., congressman and National Deputy of Paraguay, explained, wants to work hand in hand with the next generation and is open to a situation similar to El Salvador.
In two situations, though, the survey’s findings were shocking. India, in particular, was placed fifth, even though it still lacks a standard regulatory framework, and the question of outlawing the usage of cryptocurrencies remains unresolved.
The second scenario is the United States, which came in the seventh position with almost 8,000 votes, which is equally surprising. If you pay attention to US authorities, you will note that their views on cryptocurrencies are often contradictory.
Even if the final question was posed to crypto aficionados, it’s still interesting to hear what genuine users of digital names had to say. This group primarily consists of interested in cryptocurrencies because they are looking to the future, so their opinion is quite valuable.