Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing?
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time.
I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again?
I just hope I'm not wrong this time.
The success of bitcoin doesn't depend on anything, still base on how investors are willing to pour money in the market. It's good to hear that country like El Salvador has fully adopted bitcoin, but one year ago, without them, the price zooms from $3k March 2020 to a new all time high $64k last April. So it shows that it can be very bullish. Just in case you invest right now, what is your goal? The example that I gave above that HODLing at least a year or two might give you a good profits.