Post
Topic
Board Bitcoin Discussion
Re: El Salvador will be the richest country in the world in 8 years?
by
Aanuoluwatofunmi
on 18/10/2022, 11:25:15 UTC
Yes El Salvador made a good investment, but with current market conditions, I belive it will take some time for those investments to mature.

That's why El-Savador continue with it holdings and yet keep buying, if you could recall the few buy it make some months back yet on this dip, the thing is that all investment need maturation time, but the people won't just allow the appropriate right time to fall in because if eagerness to make profits, El-Savador is already paying some part of its debt through many opportunities it has realized through bitcoin adoption, so aside thier investment, there are also other incentives that serves as benefit that El-Savador enjoys through the adoption.

One thing I am sure the crypto friendly environment will going to greatly boost the economy.

El-Savador is bitcoin friendly and its economy is already yielding a positive return through that, they are the first bitcoin tourist country and bitcoin legal adoption.

if Nayib Bukele stays in power and the government spends its money wisely. If things go wrong, then don't expect to see any improvement in the Latin American country anytime soon

I want to believe bitcoin adoption in El-Savador isn't a child's play as many could have thought, this is an implementation and should any government comes in after Bukele they will also respect the endorsement for bitcoin serving as legal tender, it does not take an inch away from the economy of El-Savador, rather contributed in diverse ways and make history for a lifetime legacy on bitcoin adoption.