I consider that the way forward for Bitcoin will likely be written in El Salvador. That’s the reason we now have devoted a 4-parter to Bitcoin in El Salvador prior to now. If Bitcoin is successful for El Salvador’s individuals, many different international locations will observe their lead.
The stakes at the moment are very excessive with Bitcoin changing into a not insignificant participant in world geopolitics.
If Bitcoin turns into even one in every of many world reserve currencies, it is going to be a disruptive menace to the “powers that be” in America, Europe and China.
So we are able to anticipate a variety of Bitcoin-is-dead narratives, however that’s outdated information to those that have been on this area some time as we are able to paper our partitions with Bitcoin epitaphs.
One of many first hurdles for El Salvador is their Bitcoin Bond, getting a lot of destructive press at launch time, with doubts solid on account of timing of the launch through the darkish days of the struggle in Ukraine.
The federal government of El Salvador has reportedly determined to postpone the problem of a Bitcoin- (BTC)-backed “Volcano Bond”.
The BTC value went up throughout the identical days indicating that on this market cycle what occurs in El Salvador isn’t driving the value. I believe it is going to be completely different within the subsequent market cycle – watch this area.
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