Re:El Salvador abandons Bitcoin as legal tender after failed...
by npoc on Wednesday February 05, 2025 @07:53AM
(#42947817)
Bitcoiners understand it well. They realise that in order to stabilise in value and become a unit of account, it has to grow close to it's ultimate potential as a store of value first. Which in the case of bitcoin is potentially well over $100T market cap.
This is why El Salvador is likely willing to back down in the currency aspect for now and focus onto accumulating and holding bitcoin reserves.
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