Post
Topic
Board Bitcoin Discussion
Re: El Salvador amidst its cryptocurrency adoption
by
pooya87
on 25/05/2022, 08:14:30 UTC
El Salvador already adopted cryptocurrency as an official currency in the last eight months.
Wrong.
They accepted bitcoin as legal tender not cryptocurrency.

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Now the lingering part of this still falls back to the market dip going on presently in cryptocurrency.
Cryptocurrencies, most commonly referred to altcoins or shitcoins have always been dumping. So there is nothing new here.

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As the market is falling now, does that mean El Salvador will fall too? Many shades have been thrown on this matter. What happens to El Salvador if the market falls!!
Bitcoin is legal tender in El Salvador, that doesn't mean the life of every person or the whole country's economy depends on bitcoin! I honestly don't know where these silly ideas come from that the livelihood of the country depends on bitcoin just because they adopted it!

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Since El-Salvador has made cryptocurrencies an official currency,
You have some false information and you keep repeating it too! Cheesy

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the country now wants more governments to follow suit. They encouraged 44 countries to embrace cryptocurrencies. Countries across Africa, Asia and Latin America.
Wrong.
Just because there was a get together of multiple countries discussing economics and a lot of other matters and the host country has adopted bitcoin as legal tender doesn't mean they are encouraging others to do so.