Operation Bitcoin in EL SALVADOR: the DOWNSIDE - VisualPolitik EN
August 10, 2021
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El Salvador has become the first country in the world to adopt Bitcoin as an official currency. Nayib Bukele, already a rockstar of Latin American politics, has become the muse of crypto lovers. Many would think that Bitcoin could be the solution to the devaluations so typical of Latin American currencies.
The problem is... El Salvador has the US dollar as its official currency. That is, devaluations and inflation are not one of its problems. So the question is, what real interest does Nayib Bukele have in adopting Bitcoin as an official currency? To what extent is this going to help El Salvador's economy? Is there fine print in this law? Could El Salvador really become the mecca of cryptocurrencies? In this video we tell you about it.
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