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?
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El Salvador is a country led by nayib and all bitcoin investment decisions there is the result of mutual agreement
because it was a joint decision then I don't see El Salvador changing their rules and becoming a country that abandons bitcoin
El Salvador will continue to survive..I'm sure of it
They will survive because they are supporting bitcoin and considers it as an investment, imagine a country that has buying power as they regulate bitcoin and they allow their people to use bitcoin as a legal tender, that's very positive as the government would benefit from the taxes they collected.
Its effect is very deep, this country is not like an investor who buys bitcoin and waits until the price will rise, in their case, they could influence the market as they are going a real adoption which brings positive results not only in their country but on the entire ecosystem.
Knowing bitcoin has a high chance of recovering back fast if the price dump and can also multiply the invested amount when the market is in good shape for sure El salvador will survive on their recent adoption. For sure many country are figure out on what will happen to El Salvador but once they see the economy of the said country will be more alive due to the help of bitcoin. But although its not a surprise if there's a citizen will became a loser knowing many Fuds are spreading to the market but this is only a normal case so hopefully they will not get discourage once the situation came and think about bouncing back again when everything is in good situation.