Post
Topic
Board Bitcoin Discussion
Re: My Thoughts on Bitcoin Adoption - I Could Be Wrong, So Let's Discuss!
by
DudeAtWork420
on 07/08/2023, 16:54:23 UTC

  • Educate and Engage: Let's  step out of the comfort zone and educate, give, and promote the entry of new local actors.
Education is always the key to knowledge and information dissemination. When one is educated, they are fully equipped to know the concepts of a given mechanism as the case maybe but in the case of the El-Salvador bitcoin adoption, I believe it was as a result of the decline in bitcoin price that led to their current situation. I could recall that they bought bitcoin when it was high and all of a sudden there was a drastic decline in price which affected their bitcoin reserve and since then it gave the nationals a wrong expression towards bitcoin and the citizens not too inclined are really against bitcoin adoption and that has caused economic crises in their country.

If these people are properly educated I  believe they would come to the benefits of bitcoin in the economy and on the other hand I see the       
El-Salvador situation as a political motivated one to smear the image of their President.