Wow, this is amazing news! 🇸🇻 I’m new to Bitcoin and curious — what do you think will be the long-term effects of El Salvador adopting Bitcoin as legal tender? Are there any risks or benefits I should learn about?
El Salvador adopted Bitcoin as legal tender in 2021, and since then they have been depositing one Bitcoin every day for long-term holding. You might think that if Bitcoin is risky, why would people hold Bitcoin for a long time? Bitcoin has a much lower risk, which is why many countries and large companies are accepting Bitcoin for long-term holding. This is what I like best.
In El Salvador, they have been able to deposit a total of 6216 Bitcoins by collecting one Bitcoin every day. In this way, they will hold more for a long time in the future. Bitcoin plays the most role in making the country economically self-sufficient. That is why Bitcoin is so popular all over the world and people are eager to hold it.