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Will El Salvador survive with making Bitcoin a legal tender ?

  • Thread starter Thread starter Josemendez
  • Start date Start date
Well they have reasons why they are doing this, but for me I don't just see it as a nice idea of using a volatile assets as a legal mode for payment of goods and services, as long as they are comfortable with that and the citizen of the country are not protesting against it , there is no problem.
 
They can survive perfectly , but it is not really easy for a government to operate when they make cryptocurrency a legal tender because cryptocurrency is volatile. For me I can't use such for any serious business
 
That's was a very risky gamble that the country took on, especially when other giants like China and US are at odds with cryptocurrency.

But if Bitcoin later becomes accepted worldwide officially, that will pay off greatly.
 
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