Just imagine: you go to buy a snack and pay with Bitcoin or Dogecoin! Sounds like something out of a science fiction movie, right? But if Trump and Elon Musk decide to turn these cryptocurrencies into official money, the whole world could turn upside down.
Bitcoin: From Nerd to Hollywood Star
Bitcoin, which is already the “pop star” of cryptocurrencies, could become even more famous (and expensive!). If the US government says “we accept Bitcoins”, the price could rise faster than a SpaceX rocket. Have you ever thought about paying a hundred thousand dollars for ONE single Bitcoin?
Dogecoin: From joke to king of jokes
And Dogecoin, which started out as a meme, was about to become a serious thing. With Elon Musk acting as the "godfather" of the currency, it could grow beyond school gossip. However, as always, there could be some turbulence. After all, cryptocurrencies are not very stable. You know that friend who changes their mood all the time? Well, the crypto market is like that.
But calm down, there are problems too!
For this to become a reality, the government would have to change practically EVERYTHING in the financial system. Banks, taxes, purchases... it would be a mess! Not to mention that cryptocurrencies are still somewhat unpredictable. So, you could make or lose money in the blink of an eye.
Now, the question that everyone wants to know: If cryptos became official money, would you like to be “rich” in Dogecoins or would you prefer to keep your dollar bills?