El Salvador is already one of the people that big investors talk about, because he has strong principles against the large number of bitcoin adopters after he legalized bitcoin as a legal medium of exchange in his country. while the market conditions are fluctuating, will he be influenced to sell or will he continue to survive? current issue!
What do you think about El Salvador amid price fluctuations?
Legalization carried out by the State cannot be separated from the results of an in-depth study, so that the impact of the legalization of bitcoin does not have an impact on the financial sector, government and culture, on the other hand there are good impacts and opportunities for countries that do it, the fluctuation conditions that occur when this, has not provided an answer from selling or holding bitcoins. This is because countries that have started legalizing bitcoin as a medium of exchange have become big investors to hold existing bitcoins, so that these conditions will continue to be used and utilized in the future.
I think before deciding to legalize bitcoin, of course the government of el salvador has conducted an assessment of the benefits and disadvantages they can get, but in my opinion, but the chaos that is happening in el salvador right now is probably only because of the lack of education from the government for some el salvador residents who do not understand blockchain or bitcoin technology, but gradually people will be able to and get used to using bitcoin later. Reportedly even now the government of El Salvador is starting to mine bitcoin in an extraordinary way, namely by using the thermal energy of volcano, if this is successful it will certainly make the foreign exchange income of El Salvador even bigger.