Bitcoin MILESTONE!! LATAM Mass Adoption Incoming!! ๐Ÿš€

Bitcoin MILESTONE!! LATAM Mass Adoption Incoming!!

By Guy

๐Ÿ“ฐEl Salvador Bitcoin Saga๐Ÿ“ฐ

On June 5th, the final day of the event, Strike founder Jack Mallers was presenting the incredible adoption his app has seen in El Salvador since launching there in March this year After seeing how popular Strike was in El Salvador, president Nayib Bukele asked Jack if he would be on board with helping him draft a bill to make BTC legal tender in the country Jack accepted, and this bill was revealed in a pre-recorded video clip at the end of Jackโ€™s presentation. In addition to legal tender, includes a series of crypto friendly laws, including zero capital gains on BTC

โš–Hurdles To El Salvadorโ€™s BTC Adoptionโš–

For starters, it seems that El Salvadorโ€™s prime minister has his fair share of controversies. According to Coindesk, Nayib has a history of authoritarian tendencies An opposing political party in El Salvador has also filed a lawsuit against the current administration which argues that the Bitcoin bill is unconstitutional

๐Ÿ‘จโ€๐Ÿ’ปParaguayโ€™s Crypto Adoption๐Ÿ‘จโ€๐Ÿ’ป

A congressman in Paraguay is currently working towards passing a bill that aims to attract crypto companies of all kinds The bill will be tabled next month, and if successful, the same congressman will be pushing a bill to make BTC legal tender in Paraguay as well.

๐Ÿ’ฐPanamaโ€™s Crypto Adoption๐Ÿ’ฐ

Meanwhile in Panama, another congressman hopes to add to the crypto competition between countries with a bill that will be presented to Panamanian lawmakers While the exact details of the Panamaโ€™s Bitcoin bill is not yet known, it will attempt to bundle similar perks being offered by Paraguay along with a legal tender designation for BTC

๐ŸŒฎMexicoโ€™s Potential Crypto Adoption๐ŸŒฎ

Multiple lawmakers in Mexico are also hoping to get their country in the Latin American crypto space race They are facing a fair share of hurdles given that the Mexican drug cartel have actively been using cryptocurrency to launder

๐ŸŒŽWhy Latin America?๐ŸŒŽ

The one thing that El Salvador, Panama, Paraguay, and many other Latin American countries have in common is that they all rely heavily on the US dollar, even those which have their own national currencies. Moving to Bitcoin allows them to free themselves from US influence

๐Ÿ“ŠMarket Effects Of BTC Adoption by Governments๐Ÿ“Š

The most significant impact the government adoption of cryptocurrency will have relates not to price, but to regulation and policy which exists upstream from price action As weโ€™re seeing now, the initial knee jerk reaction by foreign dollar driven interests and three letter financial organizations will be to sanction any countries that adopt Bitcoin as legal tender Rather than dissuade countries from continuing their crypto adoption, I predict that it will accelerate the process. Mass adoption will eliminate Bitcoinโ€™s volatility and change the way we measure its value

~~~~~

๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Latest videos

Will the Flippening Happen
Will the Flippening Happen

The Flippening: Will It Happen?? Everything You NEED To Know!!

January 28, 2022 3 min read
Fed Digital Dollar Report
Fed Digital Dollar Report

It’s HERE!! Digital Dollar Report: What It Means For CRYPTO!!

January 27, 2022 2 min read
Best Crypto Tax Tools
Best Crypto Tax Tools

TOP 5 BEST Crypto Tax Tools For 2022!!

January 26, 2022 5 min read
Avalanche Will AVAX Rally in 2022
Avalanche Will AVAX Rally in 2022

Avalanche: Could AVAX CRUSH it in 2022?! Deep Dive!!

January 25, 2022 2 min read
BTC Crash and the Fed
BTC Crash and the Fed

Crypto News: BTC CRASH, Crypto.com Hack, CBDCs, NFTs & MORE!!

January 24, 2022 3 min read
ETH Potential in 2022
ETH Potential in 2022

Ethereum: ETH Potential in 2022!! This You CANT MISS!

January 23, 2022 3 min read
GameFi Hidden Gems
GameFi Hidden Gems

GameFi: This You NEED To Know!! Next Hidden GEMS!!

January 22, 2022 3 min read

Related videos

Will the Flippening Happen
Will the Flippening Happen

The Flippening: Will It Happen?? Everything You NEED To Know!!

January 28, 2022 3 min read
Fed Digital Dollar Report
Fed Digital Dollar Report

It’s HERE!! Digital Dollar Report: What It Means For CRYPTO!!

January 27, 2022 2 min read
Best Crypto Tax Tools
Best Crypto Tax Tools

TOP 5 BEST Crypto Tax Tools For 2022!!

January 26, 2022 5 min read
Avalanche Will AVAX Rally in 2022
Avalanche Will AVAX Rally in 2022

Avalanche: Could AVAX CRUSH it in 2022?! Deep Dive!!

January 25, 2022 2 min read
BTC Crash and the Fed
BTC Crash and the Fed

Crypto News: BTC CRASH, Crypto.com Hack, CBDCs, NFTs & MORE!!

January 24, 2022 3 min read
ETH Potential in 2022
ETH Potential in 2022

Ethereum: ETH Potential in 2022!! This You CANT MISS!

January 23, 2022 3 min read
Top 3 Best NFT Issuers
Top 3 Best NFT Issuers

Top 3 Best NFT Issuers!! Keep An Eye ON THESE!!

January 21, 2022 3 min read