Question #389 ·
How does increasing merchant acceptance of Bitcoin by around 18,000 businesses support its utility and stability?
- It expands real use cases boosting demand and helping reduce price volatility. Right answer
- It increases transaction censorship risk by concentrating payment routes through merchant platforms.
- It allows businesses to control Bitcoin protocol governance improving network security overall.
- It enables Bitcoin to legally replace national currencies with complete government endorsement.
Why is this the correct answer?
This is correct because as more merchants accept Bitcoin, its real-world utility grows. Increased use in everyday transactions drives steady demand, which can help smooth out extreme price swings. Beginners should know wider acceptance supports a more stable and practical ecosystem, encouraging long-term adoption and potentially reducing volatility.