On August 3rd, El Salvador’s President Nayib Bukele took to Twitter to announce a major milestone for his country. He proudly declared that El Salvador had become the first country in the world to accept Bitcoin as legal tender. This historic move has been met with both excitement and criticism, and it’s sure to have a major impact on the global economy.
The decision to accept Bitcoin as legal tender is a bold move for El Salvador, and it could have far-reaching implications. For starters, it could open the door for other countries to follow suit and accept cryptocurrency as a legitimate form of payment. This could lead to a more widespread adoption of cryptocurrency, which could have a major impact on the global economy.
In addition, the move could also help El Salvador’s economy. By accepting Bitcoin as legal tender, El Salvador could attract more foreign investment and create more jobs. This could help to boost the country’s economy and improve the lives of its citizens.
President Bukele’s decision to accept Bitcoin as legal tender is a bold move, and it could have a major impact on the global economy. It remains to be seen how other countries will respond to this move, but it’s sure to be a topic of discussion for some time to come.
That’s huge
I’m worried for this guy
Going to get absolutely nowhere
Good idea, but it’s not going to just fail, it will fail spectacularly.
I like bitcoin and El Salvador is a reasonable bitcoin center but I hate the idea that technology is taking over the world. People still need good nutritious food, comfortable housing, clean water, and a car is useful too.
Most technology does not help people achieve these goals in the most direct way possible. This just looks like playing around with bitcoin.
Yeah that’s not happening though
I absolutely love this guy man wish he was my president
Badass mf will steal a lot of business from USA
Good bloody luck 😂😂
Suddenly every pizza joint is now a technology company, using sophisticated AI oven tech that turns off through a Smart Dial.
They’re gonna roll back lol.
translation: If the USA doesn’t want it, we’ll take it.
EDIT reason: Typo
Ireland: we are invading.
this guy an independant thinker
DOA, what a waste of his time
This is a bold move. You know who fortune favours
Doesn’t muck about, does he.
based!
Biden will respond with troops looking for Weapons of Mass Deflation.
The CEO of El Salvador! Great leadership
El Salvador went from one of the most dangerous places in the world to a violent crime rate safer than Canada under Bukele.
Holding three bitcoin I believe ensures citizenship for those who’d want to emigrate
That’s cool, but that’s also a big fuck you to everyone not involved in tech lol
This place will be Singapore on steroids in like 20 years. Economists will be baffled
I thought they were supposed to implode?
Good luck getting ANY tax breaks past the DNC. 🤣
If you have a penny, they’ll tax you a dime, then give you 9.5 cents back to make it feel like they’re being generous.
This is a really stupid idea
Should eliminate income and payroll taxes. I’d move there I’d he did.
US is becoming very anti innovation, crypto etc.
This cat is going to take over the world. What a great underdog story.
Aren’t software programming, coding, apps and AI all the same thing though?
Our president has spoken
You have to be an absolute fool to see this as a good idea
Oh I guess he didn’t have enough spotlight lately.
America: he tookerrrrr jebs!
The greedy turds in power will never give up the opportunity to take more of your money! You work for a dollar, the tax it before you get, and then other time you go to spend it. When they want more of your money they simply add inflation to devalue money, so now most people dip into savings, and hender personal growth while the greedy law makers take in more money..
Hope that shit don’t pass
I thought he said no property taxes, I almost got a hard on.
It would be much better if he stopped on the third line, before the “on”.
Thats a funny joke
I think it’s a brilliant move and Bukele is one sharp fellow. Lots of software devs can work remote from there.
This is real people president