Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
CryptoHeadlineNews
on 08/07/2023, 06:12:17 UTC
⭐ Merited by JayJuanGee (1)
Fiat is an instrument of operation used by rich countries against poorer ones. This is why most International lending organizations and first-world countries will always discourage developing nations from switching to bitcoin. Some of these developing nations know that they will benefit from Bitcoin but their hands are tied due to external debt and external influence. El Salvador chose to choose to take the risk damning all the consequences and gradually it is becoming clear that the nation made the right decision.
And that brave moved taken by El Salvador has really helped the country economically wise from being a mere country to a major place of tourist visit for all Bitcoin enthusiast & lovers, because looking at the data from I got from two sites (i.e prosperity.com & worlddata.info), I'm made to understand the choose El Salvador made did move the country from being the number 102 richest country in the world as of 2021 to currently the number 97th richest nation in the world in 2023 (i.e 3yrs later), which is actually a good move.