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[sh199]

In a conference in Miami " Bitcoin 2021" The President of El Salvador Nayib Bukele declared that he would assign a bill to the country's congress to admit Bitcoin as a legal tender. What do you think about the statement? If it permits Bitcoin as a legal tender, can it help to change the country's economy?

 

[ElPaule]

Besides being the president of el Salvator, this guy is a fantastic businessman and I am sure he already has a plan how his business could benefit from that change of legislation. I think it's a big move and I really hope this leads as example for other nations. The biggest challenge for crypto, besides the strong volatility is the non existence of support in local governments. I hope this changes- then we really looking forward to some roaring twenties

 

[Razor1911]

Besides being the president of el Salvator, this guy is a fantastic businessman and I am sure he already has a plan how his business could benefit from that change of legislation. I think it's a big move and I really hope this leads as example for other nations. The biggest challenge for crypto, besides the strong volatility is the non existence of support in local governments. I hope this changes- then we really looking forward to some roaring twenties

Its a big achievement for bitcoin and it's investors. As El Salvador has become the first sovereign country to accept bitcoin as legal tender. I hope we will have many more to come afterwards.

 

[Josemendez]

The international monetary fund has made it clear to the government of El Salvador that they are not in support of bitcoin as a legal tender

 

[Razor1911]

The international monetary fund has made it clear to the government of El Salvador that they are not in support of bitcoin as a legal tender

That came contrary to the action taken by the El Salvador. Imf is fully against from the beginning, and now it has taken a ugly turn. Even they have announced that they will not give any support to El Salvador for the implementation of Bitcoin.

 

[Josemendez]

That came contrary to the action taken by the El Salvador. Imf is fully against from the beginning, and now it has taken a ugly turn. Even they have announced that they will not give any support to El Salvador for the implementation of Bitcoin.

I also read that regulators within the country are not also in support of bitcoin as a legal tender. There are many uncertainty about what will happen next.

 

[mhmgs19]

After the free fall of world economy & dollar, Crypto digital currency will lead the world. Globalists/Illuminati (Free masons) planned a 'global reset' to switch over one world economy, one world government, one world leader & one world religion. Their agenda started with Corona virus pandemic. Cashless society is a reality.

 

[Wisdom01]

think the president is really doing all he could to make bitcoin have more useage and improve its activities in the country , so they can get more revenue , because they have even created a bitcoin ATM and this development might make their country develop to the fullest

 

[Josemendez]

think the president is really doing all he could to make bitcoin have more useage and improve its activities in the country , so they can get more revenue , because they have even created a bitcoin ATM and this development might make their country develop to the fullest

Sure. If they are just adopting bitcoin then it won't cause more trouble for them but making it a legal tender is something that is causing turmoil in the world.

 

[Wisdom01]

Sure. If they are just adopting bitcoin then it won't cause more trouble for them but making it a legal tender is something that is causing turmoil in the world.

The world might be surprised about the way the country made it a legal tender, but I seems they are actually moving in the right direction because more foreign firms would like to invest in the country

 

[Josemendez]

The world might be surprised about the way the country made it a legal tender, but I seems they are actually moving in the right direction because more foreign firms would like to invest in the country

Well , we cannot make this assumption because there is more about having bitcoin as a legal tender especially when the international monetary fund is against it

 

[SCAMEXPOSER]

Let us be positive about their decision while we keep watching the situation because if they succeed or are able to sustain it they will make a world record.

 

[Josemendez]

Let us be positive about their decision while we keep watching the situation because if they succeed or are able to sustain it they will make a world record.

Ofcourse , they are the first country to make bitcoin a legal tender and this will affect their economy for sometime before it stabilize

 

[SCAMEXPOSER]

Ofcourse , they are the first country to make bitcoin a legal tender and this will affect their economy for sometime before it stabilize

Yeah and it is on record already we are only watching on they will manage it for other countries to join the El-Salvador model.

 

[Josemendez]

Yeah and it is on record already we are only watching on they will manage it for other countries to join the El-Salvador model.

I read this morning that there was ongoing tweet hashtag in Twitter where Americans are demanding to be paid in bitcoin. I sense more countries joining them soon

 

[Wisdom01]

I read this morning that there was ongoing tweet hashtag in Twitter where Americans are demanding to be paid in bitcoin. I sense more countries joining them soon

This is really a good news because it seems the Americans are pressurising the government for more adoption and its a good innovation to me

 

[SCAMEXPOSER]

I read this morning that there was ongoing tweet hashtag in Twitter where Americans are demanding to be paid in bitcoin. I sense more countries joining them soon

If this move become a fruitful one it obvious that the American government may take that into consideration Which could be passed into law .

 

[Wisdom01]

If this move become a fruitful one it obvious that the American government may take that into consideration Which could be passed into law .

The only thing is that America form of democracy is different from theirs ,they might as well start little testing and others before they obviouly consider passing it into law

 

[Josemendez]

If this move become a fruitful one it obvious that the American government may take that into consideration Which could be passed into law .

Sure but even if the protest continues , I don't see American doing so because their Fiat currency is strong in the world , they won't want to reduce it's glory by adopting bitcoin

 

[SCAMEXPOSER]

Sure but even if the protest continues , I don't see American doing so because their Fiat currency is strong in the world , they won't want to reduce it's glory by adopting bitcoin

Well , as you can see that the continuous printing of their Currency is beginning to affect the value so even they didn't accept it as legal tender they may use it to pay salaries.