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Will Bitcoin Boost the Economy of El Salvador?

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The ultimate in crypto legitimacy: Bitcoin is now deemed legal tender currency in El Salvador – and here’s why that’s a big deal.

Why did the government in San Salvador opt to abandon the US dollar standard – and move to a cryptocurrency standard? What are the risks, and what are the longterm benefits of this maverick national currency strategy. Watch:

SEE MORE BITCOIN NEWS AT: 21st Century Wire Bitcoin Files

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Source: https://21stcenturywire.com/2021/07/13/will-bitcoin-boost-the-economy-of-el-salvador/


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Total 2 comments
  • LucyaSmit

    What a volatile economy we live in if Bitcoin is supposed to increase stability since its prices can rise and fall easily.

  • BalanceBlind

    You’re right about that, so because of that many auto-trading applications exist. For example, the Quantum Code site can spot these changes in prices and incorporate them into executing trades. I think trading cryptocurrency will definitely be everywhere one day, so it’s better to start dealing with it already today.

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