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It depends on the rules of your country. Most countries haven’t banned Bitcoin, but several few have (e.g., China). You can view the legal status of Bitcoin here. Your bitcoins

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Bitcoin dominance is the ratio between Bitcoin’s market cap and the total capitalisation of the entire cryptocurrency market. The ratio measures BTC coins’ value relative to other cryptocurrencies, which helps investors make financing decisions. AI, EVs, Fed, consumers, election: Investor Guide highlights Bitcoin can be exchanged for cash just like any asset. There are numerous cryptocurrency exchanges online where people can do this but transactions can also be carried out in person or over any communications platform, allowing even small businesses to accept bitcoin. There is no official mechanism built into bitcoin to convert to another currency.

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