El Salvador’s use of Bitcoin as legal tender is a milestone in the crypto world. This decision will quickly introduce other cryptocurrencies related economic activities into the country, giving it a first-mover advantage in the crypto world. And El Salvador’s bold attempt has brought Bitcoin an excellent opportunity to prove it.
After El Salvador proposed the bill to adopt Bitcoin as legal currency, Panamanian Congressman Gabriel Silva tweeted that Panama cannot be left behind. If Panama wants to become a true center of technology and entrepreneurship, we must support cryptocurrency and Prepare a proposal for parliament. The President of Colombia shown a fanatical interest in cryptocurrencies, the Paraguay official said that our country needs to move forward hand in hand with the new generation. Our time has come we started an important project, Paraguay is really taking off in the face of the world of innovation!”
https://medium.com/cryptocurrencies-ups-and-down/bitcoin-will-become-the-reserve-currency-for-every-country-c5a372a989c4This is without a doubt interesting, for a long time the US and China have being the two epicenters of this market but suddenly out of nowhere thanks to the great vision of their leaders Latin America is making huge progress in a short amount of time, I think however it is too soon for what you propose, just this bull run was the bull run of institutional investors, however the next one I think is going to be the one where we see governments buying bitcoin as a reserve currency and with their almost unlimited stashes then this could make the price of bitcoin to skyrocket.