This is another example of Trump's influence in action. I always believed that once a global superpower embraced Bitcoin, other nations would follow suit, leading to Bitcoin becoming a household name worldwide. The Moroccan government deserves credit for acknowledging its previous stance may have been misguided. While Bitcoin is not yet legal in Morocco, I’m confident an official announcement recognizing its legality is coming soon. I just hope the forthcoming regulations will be of benefits to both Moroccan Bitcoin enthusiasts and the government
The world government work in common, and a greater power controls more influence on different nation's decisions. For the US government to consider holding Bitcoin, then other countries that disallowed crypto or btc when US was against it, will switch to follow the new decisions.
They're watching the market and notes down all the profits they would have made if Bitcoin was allowed in the country. Just like Elsavador is enjoying the market bullish run, and still stacking.
Usually they follow what US government implement and since they see that Trump administration is supporting bitcoin then maybe this make those official to decide to legalize the usage or transaction of bitcoin on their country again. This is another great development happen again with bitcoin since what Morocco do could provably strengthen the dominance of bitcoin.
If they just follow what El Salvador did for sure they are enjoying this moment where their investment grows more bigger. But they choose to be skeptical and now they are newly doing a fresh start then maybe they need many years to pass before they can see the result of their possible investment if they plan to spend some amount on bitcoin.