South African countries, Venezuela & El Salvador and others are adopting Bitcoin as an everyday currency for whatever reasons - Inflation, corruption destroying nation's currency etc.
It doesn't seem right that if a family has their money in bitcoin and can afford their rent and bills one week and the next week some western US bank or 'influencer' decides to dump their holdings or cause FUD and cause a 20% drop and then that family cant pay their rent or have enough for all their food shopping the next week right?
Just seems wrong to me the influence some people have and how it's affecting 'normal' people's lives who aren't necessarily using bitcoin as a speculative investment.
Paraguay's Congressman Carlitos Rejala has announced that he will propose a bill that would allow Paraguay to adopt Bitcoin as legal tender. He is working with local actors to make Paraguay a hub for investments in cryptocurrencies. The bill is expected to be presented in July. Paraguay could become a haven for Bitcoin miners.