El Salvador is gonna collapse. There is a reason not a single wealthy country in the world has adopted Bitcoin yet. The president of El Salvador is a young geek who wanted to go in the history books as the biggest/greatest leaders the country ever had. He just fucked everyone in El Salvador lmfao by publicly admitting to be in BTC. Clearly doesn't know how the Crypto world works. Clearly an Elon Musk wannabe, and when Elon left, he was still in it hoping for the best because he's a president and he can't just back out of the BTC deal anymore. My man got jebaited.
How long have you been in the market and how much experience do you have in this market that you jump to the conclusion that they will fail? I don't follow much of the country of El Salvador. But as a long-term investor, I know that to be successful with bitcoin, for bitcoin to be profitable for us, we need to hold it for a long time. El Salvador has only been accepting bitcoin for over a year, and in the past 1 year, they have also achieved some remarkable achievements, time is too short of saying whether they failed or succeeded.
Mate are u from El Salvador? If u were, u would hate him too. I am just saying the president is a retard for buying so much BTC when the country is a 3rd world country. They don't need that much BTC, lmfao he's just gambling. He's a wannabe Elon Musk fan like I said.
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How long have you been in the market and how much experience do you have in this market that you jump to the conclusion that they will fail?
You always find this kind of people in the crypto industry because of their hate of bitcoins, they will not gonna cease to look for its cons and disadvantage but they have failed because there wasn't anything they can find. that's why the last card they used is climate change and they said it causes by the crypto miners. These guys are way too hard on themselves because instead of accepting the fact that bitcoins can help countries like El Salvador, they are against it and always talk as if they know everything about the economy and global warming.
I wish you were a resident of El Salvador (:
Btw, I am a BTC believer, so don't come here and say I am anti BTC lmao. I've been in Crypto for a long time, unlike some of you who came here in 2017 when the pump happened :laughs:
Maybe he is pretty risky investing a lot in bitcoin, but he hasn't failed because he hasn't sold any bitcoins yet. El Salvador is a 3rd world country, and they don't have their own currency, they use USD, and during those years, they faced many difficulties. If continuing like this is also not the solution and they accepted the challenge with bitcoin, I think it's worth a try.
Since El Salvador accepted bitcoin, their tourism industry has recovered strongly from the pandemic and is now developing very well, so it can be said that bitcoin has not brought them too much success, but there have been positive changes. We must wait and see what happens next instead of jumping to conclusions that they have failed.