El Salvador made news when it authorized Bitcoin as legal tender.
In this video I discuss how the IMF is forcing the country to abandon Bitcoin. For the asset, this means little. Bitcoin does not need government to succeed....although it will get help from it with the upcoming purchasing that is likely to take place.
▶️ 3Speak
When money speaks, most listen. Sad but true most of the time !BBH !LOLZ !PIZZA
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STOPIt is very interesting to watch this new episode of the Bitcoin global scene.
Will it be a drama, a comedy, or a story with a lesson?
My bet is on the last option, that is a story with a lesson.
The stakes have upped so much that governments cannot afford to turn it into another drama or comedy, like they have done in other cases.
My little tip is that anyone involved in crypto, and preferably those crypto stakeholders with an advanced crypto knowledge and experience, should actively seek to have a strong say on crypto developments that are introduced from a legal/governmental point of view.
It's no use creating committees and making decisions about crypto and only asking the banks and other financial institutions and traditional/governmental organizations to express an opinion, while totally ignoring those with an actual, working knowledge of the crypto world.
Crypto experts have a responsibility to raise awareness and educate about the different aspects of cryptocurrencies, in order to address any public misunderstanding.
In this way, centralized organizations will not be alone in deciding the fate of something that they may have little knowledge of.
My concern is, although they will never succeed, the way regulators and governments are trying to control cryptocurrencies and Web3.0