Post
Topic
Board Bitcoin Discussion
Re: How Influential El Salvador Is?
by
Zoomic
on 04/01/2025, 18:46:34 UTC
We often talk about El Salvador in this forum and we praise all the progress they are making but the truth is they are not as nearly as influential as the USA. Can you imagine the effects if it was the US that made bitcoin as their legal tender? The reactions would be a lot bigger than the reaction of that from El Salvador.
The USA is a power country, the reaction would definitely be different if it was The US who bought bitcoins and not El Salvador. The US has lots of direct and indirect influence on many countries so the reactions will definitely be different, just like we are getting now from just electing a pro bitcoin president into office. It doesn't in any way mean that El Salvador are in losses or that they currently in regrets. They just don't have that much influence of many countries just like the US. So, comparing them to the US in terms of influence is not really neccessary. I commend the confidence they have in bitcoin and people won't stop mentioning El Salvador as one of the first countries bold enough to adopt bitcoin.

The intention of every investor is to buy at a cheap rate and sell at a higher rate. El Salvador has invested in bitcoin, one day they will definitely sell at a higher rate to collect good profits. When this happens, bitcoin won't die off or multiply more than 21 million, its price will only fall which will still be an opportunity for lots of us to buy again.