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El Salvador and why hasty crypto-adoption isn’t the way to go
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There has been a lot of pomp and celebration going around. Just recently, before corrections set it, Bitcoin hit its latest all-time high on the charts. In fact, Ethereum managed to clinch its ATH too. What’s more, the United States got its first Bitcoin ETF and saw participation in record numbers. Meme coins like Shiba Inu and Dogecoin are also making it big in this world, despite no apparent use case. Even countries have begun to adopt cryptocurrencies, with El Salvador leading the way and “buying the dip.”
However, amidst all this fanfare, one must come to terms with the risks associated with it. A large chunk of this $2.66 trillion market can destabilize the current financial system as we know it. And, countries scrambling to make
Read more on ambcrypto.comAbout this in other media
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions cryptonews.com /2 years ago
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