50 sats \ 2 replies \ @Bell_curve 14 Jun \ parent \ on: Bitcoin is a Tradfi Asset now bitcoin
I don’t expect any country to make bitcoin only legal tender.
I think El Salvador will be the model for nations adopting bitcoin. Bitcoin and their fiat currency as legal tender because bitcoin is not a feasible medium of exchange right now.
El Salvador has no central bank. They are a dollar economy. This is better than having their own currency.
Emerging markets should ditch their own currency and adopt dollars or euro which will facilitate bitcoin adoption in the future
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21 sats \ 1 reply \ @grayruby OP 14 Jun
They would probably do the bitcoin and stablecoins. You are right.
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50 sats \ 0 replies \ @Bell_curve 14 Jun
We see this in Latin America which is why Aqua wallet is popular there
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