Generally speaking, I am always skeptical of central banks adopting Bitcoin - Fiat currencies are such an attractive option for CBs.
However, given that developing nations are realizing the painful and forever-losing position they're in when their currency is subject to the fiscal policies of global superpowers, Bitcoin starts to looks more attractive.
Interested to see where this leads. I doubt Bukele would have made this announcement if he didn't expect good news to follow.
Side note: Developing nations are adopting Bitcoin faster than any other cohort ().
agree. most developing nations central bankers are equally skeptical of G7 currencies since they are constantly being threatened by the dollar and this might finally be their chance to push back
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