Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
romero121
on 07/07/2023, 22:50:21 UTC
El Salvador has an insurmountable first mover advantage as #Bitcoin    Country

Few others will be able to compete and so will turn, in desperation, to the 25,000 altcoins but those will only leave ruin behind . . . as the Mayor of Miami discovered

Those who have been crushed by coins other than Bitcoin will surely return to Bitcoin once they know that the competition they created is futile. El Salvador is not only the first mover in terms of Bitcoin adoption, but El Salvador can also be used as the first example for other countries in terms of adopting Bitcoin and that has also been proven now. So it would be a waste if those who like coins other than Bitcoin create a competition that they will also lose in the end.
The success adopting other coins is very small and not every country watch it. Bitcoin being the legal tender is watched by the whole world and El Salvador serves as a standard for the same. St. Kitts and Nevis, a small caribbean nation planned adoption of bitcoin cash and the plan have been dropped. More and more countries were on the list, but not many have got the courage to take the plan to real-time action plan same as El Salvador. The real growth and the changes amidst the inflation around the world seems good in El Salvador.