I consider that the way forward for Bitcoin shall be written in El Salvador. That’s the reason now we have devoted a 4-parter to Bitcoin in El Salvador previously. If Bitcoin is a hit for El Salvador’s individuals, many different international locations will observe their lead.
The stakes at the moment are very excessive with Bitcoin turning into a not insignificant participant in world geopolitics.
If Bitcoin turns into even considered one of many world reserve currencies, will probably be a disruptive menace to the “powers that be” in America, Europe and China.
So we are able to count on a variety of Bitcoin-is-dead narratives, however that’s previous information to those that have been on this house some time as we are able to paper our partitions with Bitcoin epitaphs.
One of many first hurdles for El Salvador is their Bitcoin Bond, getting a lot of detrimental press at launch time, with doubts forged as a consequence of timing of the launch throughout the darkish days of the warfare in Ukraine.
The federal government of El Salvador has reportedly determined to postpone the difficulty of a Bitcoin- (BTC)-backed “Volcano Bond”.
The BTC value went up throughout the identical days indicating that on this market cycle what occurs in El Salvador will not be driving the worth. I believe will probably be totally different within the subsequent market cycle – watch this house.
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