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 (https://www.lynalden.com/wp-content/uploads/digital-alchemy-crypto-adoption-index.png).
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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