El Salvador adopting Bitcoin as legal tender has been a huge blessing to them, despite all odds

Two (2) years plus ago El Salvador made the best decision ever when they adopted Bitcoin as legal tender and invested in it as well, the crypto market and citizens of El Salvador did not react to the news well of their country adopting Bitcoin a digital currency as legal tender, the crypto market crashed instead of pumping in that month of September 2021, the citizens had a notion wild posters and even destroyed Bitcoin ATMs that where already installed. Now, fast forward to a few years after El Salvador adopted Bitcoin, made it Legal tender alongside the United States Dollar (USD), and invested in Bitcoin.

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Bitcoin has now become a huge blessing to them, despite all odds like the bullying by the International Monetary Fund (IMF) that they should go back on the word of adopting Bitcoin as a legal tender and some mainstream platforms that are against and have FUDed El Salvador and Crypto in the past, who mentioned that El Salvador adopting and investing in Bitcoin will make them default on their $800 million bond debt, which earlier this year, they paid off their $800 million bond debt and interest in full. According to Santander Bank research to institutional investors profile El Salvador's booming economy thanks to Bitcoin , falling crime, and increasing tourism. El Salvador is having the last laugh now.

I would say that El Salvador's good leadership and Bitcoin adoption are the bedrock of the country's economic success. And we are not in a bull run yet, I wish more countries would take their lead. El Salvador's economy will perform amazingly well in the next Bull run, which might be very as Bitcoin Halving is almost here. El Salvador president Nayib Bukele is steering the country in the right direction.

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hiro.guita 8 months ago

Post voted 100% for the hiro.guita project. Keep up the good work.

New manual curation account for Leofinance and Cent

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1 vote

pizzabot 8 months ago

PIZZA!

$PIZZA slices delivered:
@bhattg_(5/10) tipped @onwugbenuvictor

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bhattg 8 months ago

Aha this is really good thing,people all over the world are adopting block chain technology which is really a good thing. I hope our government will reduce the ctyptocurrency tax from 30 % is a huge amount. Yes still people are investing but still there is a fear. Thanks for sharing.

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onwugbenuvictor 8 months ago

Thanks for reading, I hope your government will reduce the TAX on crypto too. I guess are from India?

you are welcome, yes hope so, let's see what happens. yes, I am from India.

!giphy welcome

!PIZZA

hivegifbot 8 months ago

Via Tenor

takhar 8 months ago

They're definitely having the last laugh now as Bitcoin has immensely help their economy and in a way, shifts things for the better. More countries should follow suit and experiment with it.

I hope more countries see their progress and follow suit because it is one to be commended.