I'm sure I'm not the only one who's noticed the moves by the US first, the White House crypto summit, and now adding Bitcoin and some other altcoins to their reserves.
Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming.
This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
El Salvador has adopted it a long time ago but it is not a tier 1 country so maybe that's why you ignored it. And USA is the world most powerful country (at least, that's what they said) and everyone else follow their footsteps therefore until they have not allowed it, other countries won't allow it. The example is right in front of us, as you said it is being adopted in Brazil and here in my country crypto has been made legal again.
This time I think it won't be declared illegal again, as it has been declared illegal again. This is not good that these countries are following USA, but I think they have to because most of these countries follow because they took loan from IMF.