Bitcoin is almost legal tender status in at least one country...
El Salvador is about to make history.
Bitcoin is going to become legal tender in El Salvador in a matter of weeks!
Can you feel the excitement!
(Source: https://twitter.com/BitcoinMagazine/status/1429768722655371265/photo/1)
Once that happens people will be able to legally buy and sell with bitcoin just as easy as the dollar.
My guess is this is a watershed moment and many other countries follow suit, eventually.
Bitcoin is pulling back slightly after touching $50k, but I suspect the pullback will be short lived.
It is great news, but there are many countries in the world with a large number of very old people that this news is not practical for them, it will take a decade or two at the most for 100% of the population to understand the importance of the ageing of the population, and it will take a decade or two for them to understand the importance of the ageing of the population
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Hopefully some bigger economies will do the same...
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Interesting information, and on the other hand we hope the best ,and so it will be. Greetings.
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That is great news. But do you think Cryptocurrency volatility would pose a problem in the world accepting it as a legal tender?
I mean, I don't like FIAT currencies we have today, but are we really ready as a whole to accept crypto as only legal tender?
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