Dubai has to be the next top contender for making Bitcoin legal tender. Here are a few reasons I could think of as to why.
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Their currency is stuck pegged to the US dollar which with inflation rising is horrible for them, they need an alternative to use along side their existing currency.
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They have no capital gains tax or income taxes so no friction in terms of adopting Bitcoin. They are not losing any tax revenue by making it legal tender.
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Dubai loves PR and marketing itself and this would be the best PR stunt they could possibly do. The entire world would be talking about them.
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Their population is 95% immigrant expats, and of those expats most send remittances home to their families overseas, Bitcoin would make remitting money far easier for their residents and their residents families.
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Dubai is a tourism based economy so allowing tourists to travel there without having to worry about cash or travel cards or currency exchange desks or credit cards would make life easier for tourists who would need nothing but a lightning wallet to be able to pay for everything in the country.
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Dubai has proclaimed themselves as being the city of the world so they should then adopt the worlds one truly global currency.
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They have an efficient government that could roll out lightning wallet support for merchants and residents extremely fast.
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Dubai wants to be the worlds most futuristic city so they should therefore adopt the worlds most futuristic currency.
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Making Bitcoin legal tender would attract the worlds fintech entrepreneurs and they want Dubai to become a technology hub where businesses headqarter their operations.
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Their Sovereign Wealth Fund already invests in Bitcoin and the crypto ecosystem.
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Solar powered miners in the middle of the desert with sun 360 days of the year could be a fantastic revenue generator for their government.
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Dubai has ubiquitous usage of wifi and 4G data everywhere and every single resident has a smartphone so there's no technological barrier to adoption.
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Bitcoin as legal tender would attract the crypto rich crowd looking for a pro Bitcoin country to live in, and Dubai always wants more wealthy residents to move there.
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Dubai has a culture that loves Gold meaning they have a culture that truly appreciates sound money principles, so bitcoin fits in perfectly with their existing cultural ideals.
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Dubai has a small and extremely efficient government which they are always
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My personal list:
- May: Best girl + Best starter + Meta-relevant unit. A perfect trifecta to secure the top spot.
- Maybun: Yes, best girl (again) in bunny suit and another Mega to assert dominance to Brendan (poor guy).
- SS Lusamine: Waifu.
- SS Cynthia: Same reason as above.
- Anni N: Good Unovan guy with one of my fav legendary.
Honorable mentions: Archie/Maxie, Pal Serena, SC! Diantha, Lear.
Based on recent news from INOVIO everything is headed in this direction IMHO.....Its all about the T cells....longevity and durability.....safety.....ease of shipping and storage....Three commercialized vaccines/medicines in 2022.....INO 4800/4802.....MERS/Lassa fever Vaccines.....VGX 3100 for HPV/Cervical Cancer in last quarter 2022.....Major partnerships.....CEPI and GAVI funding$$$$$.....End of year tax selling and sector is down.....Now is time to buy and hold!!!!!!!!.....15 bagger next year IMHO......LONG AND STRONG....Solidarity!
