Post
Topic
Board Economics
Re: BTC is helping out Cubans and Venezuelans
by
oHnK
on 06/09/2021, 15:31:12 UTC
Not Cubans, they're a communist country so I don't think that they're going to benefit too much with bitcoin plus they wouldn't have any use of it if they have one because they probably rely on P2P and I am pretty sure that there's not a lot of people there that have money to buy their crypto.

Well we cannot really say that since we don't know more deeper about their situation but we cannot disclose that they can't afford to buy bitcoins as they still have works and businesses so for sure they can afford to buy at any amount they can spend with it. And since there's a news spreading about Cuba is thinking about legalizing bitcoin then for sure their government is now looking for possibilities and how they can get benefit for adopting it, maybe in next following months we can see their decision so let see what will happen to it as for sure they are now monitoring on the progress of El Salvador after they accept bitcoin as their Legal tender.
Cuba is very serious about its plans to legalize Bitcoin as a legal tender.  Like El Salvador, which first made it a legal tender in the country.  Currently, the people of El Salvador must have made a very large profit especially because the market has returned to its stable position.  If 2 months ago they had Bitcoin in their hands then today the value of BTC they have held will increase very high.  Is there any money in this world that appreciates more than Bitcoin.  Even the USD alone is not that strong.