El Salvador has become the world's first country to make Bitcoin a legal tender, effectively allowing it to establish an exchange rate between it and the U.S. dollar in the market. Lawmakers approved the bill 62 to 22. Thoughts? Good or Bad?
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3 Comments
Jeff H.
3 years ago
They just added it as a legal tender. They still use the US dollar.
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Cryys
3 years ago
Hasn't Bitcoin devalued 50%? I wouldn't put my whole country on crypto
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Jeff H.
3 years ago
Theory, good. How it will flesh out practically, who knows. Crypto volatility is still too scary. Store owners who accept would have to be so diligent about keeping prices accurate, daily at a minimum.
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