I imagine Countries all over the world adopting a national strategy with BTC,
the only challenge would be the scalability of Bitcoin. As the network's user base grows, there's a limitation on the number of transactions processed per second. If Bitcoin were to be widely adopted as a global reserve currency, managing a substantial transaction volume could pose a challenge.
I can imagine small countries like Suriname to adopt a national Bitcoin strategy,
It will be a long time yet before Germany, the U.K or the U.S follow that approach,
if ever.
Perhaps a bit obvious, but the interest in Bitcoin from Suriname’s public officials comes from the growth that El Salvador is experiencing, a country that made Bitcoin legal tender in September 2021.
I think its obvious the effect and influence El Salvador is having on these small nations.
And I think its normal for small nations like this to try and advance their position and
try and get ahead of the larger dominant ones.
The goal is to make the country take a leap in quality in fields traditionally not
associated with the country, such as finance and technology.
Not only that, Santokhi would like to improve the life of his people and the ability of Bitcoin
to store wealth for the future and its potential for financial inclusion are promising for the
smallest country in South America.