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And if you need to spend it from day to day it's both inconvenient and often worth a fair bit less than the day before. It's increased float price vs. USD over
by ineedasername 5y ago
And if you need to spend it from day to day it's both inconvenient and often worth a fair bit less than the day before. It's increased float price vs. USD over the years may make it a reasonable investment for those with a tolerance for high risk. Not so much for a population where the median annual income is about $4,000 and the average person is probably living close enough to the bottom of Maslow's hierarchy that they can't just sit back and HODL when BTC prices go into hibernation for a year.
If there's a place in the world that would currently be a good test bed for a country to make BTC legal tender, it's not El Salvador. Its population simply isn't in a position take much of a risk moving from hard currency like the USD to a volatile asset class.