Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender!
by
romero121
on 27/05/2022, 23:12:45 UTC

Gonzalez indicated that Bukele’s strategy has already proven to be successful in terms of socioeconomic impact according to Cointelegraph.
Everytime the adoption of bitcoin by El Salvador is seen in a way that it creates economic downturn to the nation. With the recent briefing people could've understood what really happening with bitcoin. Though the El Salvador government continue to buy bitcoin, they've made contributions to the society out of the profit from the people's money invested on bitcoin. For a grown country this looks simple, but for a nation that is getting built it is a big thing. Finally Gonzalez mentioned about CBDCs need to coexist with bitcoin and countries into development of their own CBDC is the beginning of their entry into digital economy.