That's right doesn't want to trust all the country's money with Bitcoin and I think he needs commendation for what he did. He has made other countries emulated what he did. We have country like CAR that has also adopted crypto.
Exactly and if we look to the future if the investment works it will make many other countries look at Bitcoin differently and want to adopt it even as a means of payment, so we only need one more bull run for many things to change ...
In addition to this Nayib Bukele is striving in different projects related to bitcoin for his country and to attract bitcoin investors also to the country, so El Salvador can really become a paradise for bitcoiners
I remember a project that he wanted to build named Bitcoin City. He also gave all the citizens some bitcoins and enlightened the peasant farmers. No wonder all these actions attracted and still attracting more investors to his country.
exact the Bitcoin City project is, although it is not yet developed or has much left is a very good idea to continue increasing adoption in the country also already have finished plans of what will ultimately be the city
Out of the two countries that we have that have legalized Bitcoin, the first one is El Salvador. In fact, the second country which happened to be Central African Republic, was motivated by the activities of the El Salvador.
The main thing is that they really succeed at the proper level. So that the volatility of bitcoin does not negatively affect the economy of these countries. And so basically it should have a positive impact on the cryptocurrency world.
It does have. In fact, there is unending list of countries that want to adopt cryptocurrency. This is made possible because El Salvador has made it possible for countries to see much investment in cryptocurrency.
Well, if it happens faster. Then the recognition of cryptocurrency will be more extensive at the state level.
In my opinion, the states that are starting to accept cryptocurrencies as a means of payment simply have no other choice but to cope with the collapse in the economy.
Yes, I believe the same as you, there are countries that are really accepting cryptocurrencies as a means of exchange because they are being excluded from the SWIFT system. I think that, as you say, they have few options left, but hey, at least they will know that cryptocurrencies are not as bad as others say
For one thing, the popularization of cryptocurrencies will reach a new level.
Yes, I think so, even if governments are the only ones interested in exchanging with them, that is already good news, better than thinking that cryptocurrencies are only for illegal transactions and that they should certainly be prohibited.
Here, too, the moment is rather slippery! They are trying to ban them not because of the use of harm to the environment, but because they cannot yet control them. And cryptocurrencies in some way compete with fiat. That is precisely what harm is done.
Exactly, although if it stabilizes, it would lose the investment factor that attracts so many, but well, other good things would come, such as the acceptance and widespread use of these i think
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