Bitcoin is being considered to be one of the most secured and decentralized cryptoasset and it possesses that much power of changing the world and make it more and more better. Bitcoin has also been found of helping organizations like that of the Red Cross in terms of making some transfer of funds in the most easiest way it can be possible. Several of the benefits are also being provided like that of immunity during the period of hyperinflation and thus Bitcoin is being found to be accepted in all parts of the world. not only this, many of the Bitcoin ATMs are also being installed in many of the locations like that of US, Singapore, France and many more. But the role being played by Bitcoin does vary across countries. People who are residing in some of the developing countries are being found to prefer Bitcoin in their everyday mode of transaction ("Digital currencies: Five big implications for central banks", 2019).