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[AudraMiller]

Recently the bill by which bitcoin was legalized in the country of El Salvador was put into action and this is a great thing because this will help the cryptocurrency world to grow, and if successful can also prompt many other countries into legalizing this financial system as well. In a recent news article that was published, it seems that the president of this country, Nayib Bukele, has confirmed that in anticipation of this legalization the country purchased 200 bitcoins. What do you think about this news development? And will this help the bitcoin market recover from the dip that we have been seeing over the last day?

 

[Josemendez]

This is one of the things that will convince the citizens about bitcoin and it's effect on the economy of the country. They are trying not to go against what they established

 

[Niftyicon]

I am more interested in the long term effects of the bitcoin adoption and this is probably Bukele's motive for this adoption. I hope the people can see how positively the economy would be affected by this.

 

[Mariappa45]

I know such kind of bill approval will surely get the people in buying more of BTC, the country's government made everything look easier for the citizens.

 

[Josemendez]

I have watched Bukele closely. He has allies that are well informed in crypto. That's why he answered all questions thrown at him by the critics very well. I am sure he has the long term plan in place.

This is why it is always good to be knowledgeable in whatever thing one is doing so as to be able to fight off critics whenever they come

 

[Wisdom01]

They are truly buying the dip , I think the news of them buying the dip would spread across to get more people to buy the coin and obviously cause an increase in the price more than before

 

[Josemendez]

The very day the adopted Bitcoin was the same day that the price of bitcoin crashed and this is something that made it possible for them to buy the dip

 

[Brain]

People confidence on crypto currency as a whole not just on Bitcoin now is top notch. So I'm already liking the outcome about the acceptance of Bitcoin. Lot of people are understanding how it really works now

 

[Wisdom01]

to me it's good to see that they are purchasing more Bitcoin , because if you check past record Bitcoin have always been increasing interns of demand ,and if they place more concern and interest in Bitcoin it would improve it to a higher level ,let's all see how things would definitely turn out in coming days for Bitcoin I want to see that increase