Re:Bitcoin’s first day as El Salvador’s legal tender
by Whirl on Wednesday September 08, 2021 @08:16AM
(#28455959)
If you want to import anything at all you need foreign currency. One of the ways you can do this is by exporting goods, of course, but you could also sell some of your local currency in exchange for dollars or whatever. Bitcoin volatility makes this harder. Also I’m guessing that volatility makes it hard to get foreign currency loans collateralized by BTC
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