Re: El Salvador will be the richest country in the world in 8 years?
I doubt it.
Bitcoin is a good investment in the long term but for a country to become rich takes more than speculation in those quantities of Bitcoin El Salvador holds.
El Salvador, would need employ creator, education, destroy corruption and the criminal associations, in short being efficient.
Still have the faith that the future earnings for this Bitcoin holdings will be used to fund the processes necessary to reach a state of well being for people in El Salvador.
Bitcoin is a good investment in the long term but for a country to become rich takes more than speculation in those quantities of Bitcoin El Salvador holds.
El Salvador, would need employ creator, education, destroy corruption and the criminal associations, in short being efficient.
Still have the faith that the future earnings for this Bitcoin holdings will be used to fund the processes necessary to reach a state of well being for people in El Salvador.
El Salvador would not only need to keep investing in Bitcoin to become rich, but it would also need fresh new ideas that would help attract tourists into it. The "Bitcoin City" plan might work if it goes full speed ahead. The more tourists spend money (preferably Bitcoin) in El Salvador, the higher the odds of the government becoming rich will be. That is if Bukele stays in power. If a political rival takes El Salvador president's place, then everything would be nothing but lost. No one knows what the future holds for both Bitcoin and El Salvador, so we can only hope for the best. Just my opinion
