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Within Bitcoin, the word on everyone’s lips is “El Salvador.” President Nayib Bukele formally announced that he would send a bill to parliament to make BTC legal tender. Should it succeed, El Salvador would be the first nation on Earth to do so, effectively adopting something akin to a “Bitcoin standard.”
Now a politician from Paraguay (Carlitos Rejala) has posted a laser eyes photo and promised a Bitcoin announcement this week. Just as we saw MicroStrategy start the domino effect for public companies, El Salvador will likely be a catalyst for other countries.
For Caitlin Long, founder and CEO of Avanti Bank, there may be bigger forces at play. “Bitcoin is hacking dictatorships, just like it’s hacking big tech. Bitcoin doesn’t care WHY El Salvador’s president wants to make BTC legal tender – it doesn’t matter. Bitcoin already put Jack (Dorsey) on defense about Twitter censorship (he announced a decentralized version is coming).”
In other trending Bitcoin News today: You Will Never Have To Sell Your Bitcoin, According to Tyler Winklevoss – Here’s Why! Gemini CEO and Bitcoin billionaire Tyler Winklevoss is telling investors that there will come a time when Bitcoin holders will not have to sell their BTC holdings, ever.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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