Quote from: int03h on September 07, 2021, 03:12:37 PM

Quote from: Pouvoirp on September 07, 2021, 10:24:46 AM

-El Salvador has just bought 200 new sets of bitcoins.
-Making it their official medium of financial exchange
- They now hold a total of 400 BTC.
- I wish other countries would adopt this method of transaction.
- They made sanctions on businesses that don't use chivo wallet and refuse to use BTC as a medium of financial transaction

We have to wait for the economic optimism of El Salvador after they adopt the policy of using Bitcoin for payment. At least 5 years to observe.
Bitcoin is just a payment unit and it fluctuates widely. Businesses that hold Bitcoin may be at a disadvantage because of the price drop.

Yes in order for the researchers to conclude a solid statement. So far what they need to look out first is the problems that may occur in the long run like, stability of its app, how to tax it, do all parts of the country manages to adopt and many more. But this is a great kick starter for other countries if they are going to use btc as their currency.