El Salvador remains the epicenter of Bitcoin in Latin America

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(Edited)

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Greetings again my dear friends I hope you are all well, there is no doubt that from the very moment that the Caribbean country of El Salvador decided to give legal course to Bitcoin, it has become the epicenter of Bitcoin in Latin America and we could even say in the world, since the entire financial world has its eyes on what can become El Salvador in relation to Bitcoin, and currently its president Nayib Bukele, has proven to be a ruler of future generation and, above all, of real and very practical solutions.

Undoubtedly, the good governmental management that Bukele has been demonstrating offers an added value to his decision to relate to the Bitcoin market, which is why several countries in the region and the world are watching with great attention the development of the Bitcoin market in El Salvador, and the vast majority of world opinion, at this moment, considers that President Bukele is making the most important economic transformation of his country:

Does this favor the Bitcoin ecosystem?

Undoubtedly yes, we know that at the beginning of the adoption of Bitcoin as a legal currency, many were the criticisms made against this decision, and many still reserve their opinion, however, this has not stopped the project of President Bukele and continues to demonstrate that everything is possible when it is planned and with information management, of course, any financial investment brings with it the intrinsic variable of risk, no financial instrument is saved from this variable.

But, in the case of El Salvador, its president went beyond the interpretation of this variable, since he did not stop to observe only the form of the Bitcoin market, but the background or projection that brings this market in the not too distant future, and for this he is in the process of adoption of this crypto-asset in order to achieve the true economic transformation of El Salvador, for example, has just launched the so-called Bitcoin Association (AsoBitcoin), where private entrepreneurs, governmental and non-governmental entities, as well as academic institutions of this country are grouped.

This makes us think of a great vision of concentration of forces all converging towards the same end, expanding the level of adoption in that country, for example, continue to strengthen activities within the Bitcoin community in the country and reach those unbanked regions which is an excellent option for adoption, but also the purpose of this partnership is to continue offering educational projects related to the cryptocurrency market.

Everything keeps pointing to the target of the target proposed by President Bukele, which is to allow to know even more about the Bitcoin and its useful operation as a payment system, investment and savings of large amounts of printed material, and banking independence, among many other aspects, and so far thanks to his great government management has managed to change the perspective towards the world of investment of cryptocurrencies because when it is done seriously and responsibly everything is possible.

Until another opportunity my dear friends.



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2 comments
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Tourism up, foreign investment up, crime down. More countries, states and cities to follow El Salvador's lead.

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Hello, you are absolutely right. Thanks for commenting. Regards.

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