'The dollar is no longer relevant; Bitcoin is the currency of the future,' argues President Nayib Bukele of El Salvador.
In a recent interview with the BBC, El Salvador's President Nayib Bukele declared that Bitcoin represents the "real revolution" taking place in our world right now, and that the days of "fiat currency" are drawing to a close. Then he went on to say that El Salvador was the spark that ignited the actual revolution. With the adoption of Bitcoin as legal tender in September, El Salvador became the world's first country to do so.
I'm interested in hearing your thoughts on the matter. What types of changes do you expect to take place?
It is still relevant even how a fanatic I am with bitcoin, there's the fact that we still need dollar and any of our fiat money. There's still lack of adoption for bitcoin and most of us just want to hold it so there's really a need for a currency to be used.
But we don't know what's going to happen for the next years once the USD collapses, will there be another currency to be at the top such as Chinese Yuan?