"If we don't legislate on bitcoin, down the road someone will come along and ban it."
This year's event held in Panama brought together legislators and government representatives in a panel that addressed "the road to crypto-friendly countries and the role of regulations in them." As examples and references, local stores in countries such as Venezuela that already accept cryptocurrencies as a means of payment, Binance that does p2p business with cryptocurrencies and Exeno, an online store mediated by cryptocurrencies, are taken as examples and references. The speakers on bitcoin regulation who participated in the second day of the sixth edition of the Blockchain Summit Latam 2022, agreed that it is necessary to legislate to establish clear rules in the cryptocurrency ecosystem, even if governments are friendly to cryptoassets.
Bitcoin is more scarce, secure, transferable, and defensible than gold is. Bitcoin completely replacing gold as a store of value is only a matter of time in my opinion.