Bitcoin will be Legal Tender in 2 weeks
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
Hopefully some bigger economies will do the same...
Interesting information, and on the other hand we hope the best ,and so it will be. Greetings.
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?