Quote from: NeuroticFish on October 05, 2022, 07:31:43 AM

Quote from: bbc.reporter on October 05, 2022, 01:26:17 AM

On El Salvador, I have asked this before, however, I have not gotten an answer. Would it not be more advantageous for El Salvador if they used Jack Mallers' original plan for Strike of using Tether USDT as the currency and bitcoin's network as the medium of transport? I reckon Bukele would have the advantages of the dollar without owning a Federal Reserve money printer hehehe.

Time will tell. Using Bitcoin was a great advertising for El Salvador. If Bitcoin price will go again over the roof, El Salvador can even sell and get some of their problems fixed, or at least boast their performance (it would mean a couple of % of their GDP).
It is a gamble and Bukele is a high roller. But the history shows that those who did bet on Bitcoin were winning and there's a very good chance Bukele will win too.

Agreed that the bull market will return and anyone who invested in bitcoin will have a return on their investment, however, Bukele a highroller? I would not call him that. He is a government official took the risk by using taxpayer's money to speculate on bitcoin hehe.