Post
Topic
Board Bitcoin Discussion
Re: Can small countries in accepting bitcoin as legal transaction?
by
macson
on 29/05/2024, 21:02:57 UTC
we know to be the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022, but can other small countries follow in El Salvador's footsteps and what are the country's challenges in this regard? This might be a very interesting discussion to see that so many people from small countries are interested in cryptocurrency, more specifically Bitcoin
Of course it is possible, all countries even small countries, can follow El Salvador's steps to buy Bitcoin using the DCA method, but this is not easy to do, especially as each country has different political conditions. The political conditions in El Salvador are definitely very peaceful so the policy is safe for buying 1 bitcoin every month is approved but this doesn't necessarily happen in other countries, so the political conditions of each country play a big role in investing in bitcoin.