Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Adoption In El Salvador Seems To Be Failing
by
Finestream
on 11/07/2022, 21:13:23 UTC
I see this article recently https://markettimes.co.uk/cryptocurrencies/bitcoin-adoption-in-el-salvador-seems-to-be-failing/ what do you think about it? I think Bukele knows the potential of the Bitcoin. The problem is that people wants to be billionaire investing $1000 one day and waiting to get 100,000,000 in a week from earnings of Bitcoin. We need to remember that bitcoin only gonna be 21,000.000
There's always a process if we start entering bitcoin investment, and that is we have to endure first the price volatility and see our investments falling in prices, but eventually they will also grow if the market has stabilized. With regards to El Salvador, we can't expect for them to succeed quickly from bitcoin adoption because they are still new to it. If after 3-5 years the result is still the same, then that's the time we can conclude that Bukele was a failure in his bitcoin propaganda. Also, in a market that is experiencing a long term bearish market, no one gets succeeded easily.