Salvador and Bitcoin

[Sincerem]

The economical conditions of El Salvador have changed a lot after Bitcoin crashed and it may take a lots of time for it to recover to some extent. The good thing is that El Salvador never relied entirely on bitcoin.

Even if they were not relying on cryptocurrency to that extent , I believe the effect of cryptocurrency as the value as reduced will affect the country the most because according to information on news they have a lot of accumulated cryptocurrency in their storehouse.

 

[GoldenLady]

As much as I like the advantages of Bitcoin, I feel this is too risky especially with the funds of a country. It is a double edged sword and we can only wait to see the outcome.

 

[Smiles20]

I believe that a lot of people are missing it because the most important thing is not bitcoin but instead you should understand blockchain technology and how it can help you.