Bitcoin Makes El Salvador a Rich Country

[Suba]

Since September 2021, El Salvador has implemented Bitcoin as legal tender, the price of Bitcoin at that time was $43k.

Although at the beginning of the implementation of Bitcoin as legal tender, it was widely opposed and criticized by big countries, world institutions and many parties, the precedent of El Salvador "Nayib Bukele" remained firm in his stance, even since November 16, 2022 he announced to buy 1 Bitcoin every day and until now the country of El Salvador has had more than 2500 Bitcoins. The current price of Bitcoin is $59k, while the supply of Bitcoin is decreasing, the price will tend to always increase. If it is predicted that the price of Bitcoin can reach $100k in 2025, the country of El Salvador will be able to pay off all its debts. What do you think?

 

[Starmix]

Wow the government of El Salvador is a smart government. There is no doubt that in 2025 this country can pay its debts. I will inquire the bitcoin holders in my country if there are many bitcoin investors in the Philippines.

 

[Suba]

Currently crypto is allowed in the Philippines, although it is not used as a legal tender, but we can buy and sell or store it, and of course there are many crypto investors in the Philippines.

 

[SilverLance]

El Salvador could harness this digital asset to address its debt and improve overall economy, paving the way for a prosperous future for its citizens. Hope remains high for what lies ahead.

 

[Starmix]

Currently crypto is allowed in the Philippines, although it is not used as a legal tender, but we can buy and sell or store it, and of course there are many crypto investors in the Philippines.

That is right, crypto is allowed in the Philippines. It has never been banned by the government. There are many crypto investors in my country mostly millionaires.

 

[Stardom22]

When the bitcoin prices goes by as the predictions, l too would be beneficial to that case scenario for that matter.

 

[SilverLance]

I say if bitcoin prices do indeed follow the predictions and increase, then it would be a positive outcome for anyone who holds or invests in bitcoin.

 

[Webster]

El Salvador could harness this digital asset to address its debt and improve overall economy, paving the way for a prosperous future for its citizens. Hope remains high for what lies ahead.

Agreed; it might also help alleviate things enough to where El Salvadorans don't have to make the migratory trek across Central America and then Mexico to the U.S.