As we all should know by now, El Salvador and the Central African Republic (CAR) are the only two countries in the world where Bitcoin functions as a legal currency.Despite free bitcoin and discounted gasoline offered to those downloading and using the cryptocurrency app(Chivo wallet for bitcon), download have stalled and use of bitcoin for daily life is not widespread in this countries.
I think this was a wrong move by the EL salvador President back in 2021, yes making Bitcoin legal tender could have posed the potential economic boost needed by the country but giving from money to persons who have no ideas what to do with it will never support economic growth.it will just be wrongly spent and misused.i will drop a list of countries that may accept bitcoin as legal tender,
Russia, Ukraine and USA, following when the war ends Ukraine is likely to accept bitcoin as a mean of rebuilding thier economic faster, this can also cause US and Russia to take action.
Venezuela is in a terrible state now and could take the unexpected step.
and Saint Kitts and Nevis which is a near Caribbean to El salvador, depending if Salvador fortunes change Guatemala, and Honduras may follow.
I'm not really sure if we can tell if the government of El Salvador moved was wrong to make Bitcoin legal tender, this topic has been discussed so many times here already. Maybe if we have some members here from El Salvador that can tell us what is really happening to their country as far as Bitcoin adoption goes, then maybe we will have a good (or bad?) idea.
And maybe it's best to follow this thread regarding this topic,
El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻.I'm sorry it seems your post though bring negative connotation about
BTC.