With all that has happened do you think El Salvador made the Right or Wrong choice in investing in Bitcoin?
In my opinion, I would say that on the 7th of September 2021, El Salvador and President Nayib Bukele did not only make history as the first country or nation in the world to adopt Bitcoin as legal tender, they also made the best investment decision ever because investing in Bitcoin has put the Latin America country on the map and in the eyes of everyone in the world because you can not talk about Bitcoin adoption today without you mentioning El Salvador, it is not just possible which is why they because the number one enemy of the powers that be in the world speaking about Governments, Central Banks, International Monetary Fund (IMF), who expected them to fail because of their Bitcoin adoption.
But when they did not fail the International Monetary Fund (IMF) tried to bully them but that did not work as El Salvador and President Nayib Bukele turned them down on their offer to reward them if they went back on their word of adopting Bitcoin as legal tender alongside the united states dollar (USD), El Salvador also put them in their place when they made them know that the International Monetary Fund (IMF) can not and will not tell them what to do in their own country and despite all odds the have paid off their $800 million 2023 bond debt with interest, in my opinion El Salvador is doing very well and they will stand as a symbol that will influence or make other nations or country to adopt Bitcoin as legal tender in the future.
The dominoes Bitcoin adoption as legal tender has already began as Central African Republic becomes the second country to adopt Bitcoin as legal tender sometime last year and this year i read in a news article that Panama might become the third country to adopt Bitcoin as legal tender. El Salvador's bet on Bitcoin brought them great fame and tourism to the nation.
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