Bitcoin Becoming Legal Tender El Salvador Matters

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



In 21 days, El Salvador will officially become the first country in the world to adopt bitcoin as legal tender. Even though it is only a tiny country with a small gross domestic product (GDP), the first step is always the hardest to be taken, and a domino effect might bring more prominent players to the game in the years to come. After hyperbitcoinization, this will have been, in hindsight, the turning point.

As a blog post perfectly puts it, “a domino effect is a beautiful representation of Social, Economical, and Geopolitical events that happen one after another.” El Salvador is the first domino, and many more are likely to come. Once seen only as a far-fetched reality, having a country recognize bitcoin for what it is, a currency, is closer than ever. And it might turn out to be the small push others needed.



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