Bitcoin, El Salvador Geopolitics – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin will be a success in El Salvador, boosting remittances, industry and gains from remuneration. Per capita GDP is likely to double over the next decade as remittances, the energy sector and tourism all grow.

El Salvador made waves in June 2021 by adding bitcoin as a legal tender alongside the U.S. dollar. It was a historic event. The use of bitcoin has the potential to dramatically benefit the small Central American country, but by how much? And what will it look like?

Let’s briefly examine El Salvador’s geopolitical situation and try to predict how bitcoin will affect the following:

Read More

Be the first to comment