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Nothing. Some amount of money can go back and forth many times to facilitate trade volume much, much larger than the underlying stock. To make Bitcoin-based fin
by globalreset 4y ago
Nothing. Some amount of money can go back and forth many times to facilitate trade volume much, much larger than the underlying stock. To make Bitcoin-based financial system liquid, they need some BTC stock to facilitate payments. If it goes up, down, or sideways it doesn't change all that much.
El Salvador has a tiny amount of Bitcoin in the grand scheme of things, while it still brings savings and other benefits for its people (remittances, payments, tourism, banking for unbanked, etc.)
Sure, BTC/USD rate went down, but what didn't? Even major currencies lost double digits % in relation to USD. Same did you purchasing power of your USD in the US itself, due to internal vs external USD dynamics.
I bet you won't see articles about this subject when FED inevitably has to reverse due to deflationary spiral killing the economy which will cause BTC to go up like a rocket, without all that shitcoin ponzi baggage that is going in flames.
Nayib Bukele has almost 90% approval rate (40%). Compare with current POTUS. These articles trying to portrait what he is doing as a failure are really laughable hit pieces.
https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_Bukele_presidency https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_B...
- supahfly_remix 4y agoCan you post articles.that show Bukele in a positive light and explain what he is trying to do? I am genuinely curious.
- globalreset 4y agoI thought that this Wikipedia link is going to be most credible. If you google "bukele el salvador approval rating" you'll find plenty of info from various sources. I'm not all that informed about El Salvador politics, but from what I understand , after years (decades?) of corrupted leadership El Salvador finally has a modern, smart and honest president surrounded by decent people that just cares is there not to make himself rich, but to actually make life of the citizens better. Very rare and powerful thing. Obviously that doesn't mean everything is going to be perfect and there will be no mistakes. But so far so good.