Post
Topic
Board Bitcoin Discussion
Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method.
by
_BlackStar
on 07/12/2022, 12:50:11 UTC
I don't think the current adoption of Bitcoin in Brazil have easily have impact in current market price of BTC but with time I believe much will happen.
That is good news for bitcoin and its users around the world. I believe the adoption of bitcoin as a means of payment will continue to increase over time, and will spread and continue to be adopted into even small businesses.

A positive impact on price is to be expected due to this adoption, but right now I don't think the impact will be immediate. As you can imagine, prices will have an impact from time to time and the market will continue to strengthen as investors recover and the world economy conditions. I expected the bitcoin price to be bullish, but it should take a long time after the FTX crash.